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Globalization Of A New Financial Order

GLOBALIZATION OF A NEW FINANCIAL ORDER

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Title: GLOBALIZATION OF A NEW FINANCIAL ORDER

Essay Details:

Subject: Business

Author: Moses B

Date: March 2, 2016

Level: University

Grade: A

Length: 3 / 781

Essay text:

Keynes advocated interventionist government policy. i.e., close monitoring (not controlling) of private business activities and the occasional use of fiscal and monetary measures to regulate the economic cycles for the benefit of all. Decades of prosperity along the Keynesian model characterized the economies of W. Europe and N. America after the 2nd world war. The origins of today’s colossal worldwide financial crisis were born in Chicago University where an American Nobel Prize winner, Milton Friedman, originally a Keynesian in economic policies convictions started in the 60’s to preach ultra liberal theories, de-regulation, complete government hands-off and without any monitoring or intervention...

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