Third, massive investments should be made in research and development of alternative sources of renewable energy. This will positively impact not only the environment, but also the socio-economic conditions of numerous international players. Relative to the financial crisis, this should be addressed from its roots -- the real estate and credit crisis. In this line of thoughts, the mortgages should be bought by the U.S. Government, rather that having the

The negative aspect of the matter however, is the limited breakthroughs made at the practical level, as most discussions end in declarative aims, yet no timeline for an actual implementation of them. On the one hand, the European Union did not present itself as very willing to offer economic incentives and aid to the ailing Russian Federation, and on the other hand, Russian opposition forces who argue against a

"Opening up the financial system to foreign capital flows can lead, and has led, to disastrous financial crises, which have resulted in great pain, suffering and even violence" (Mishkin, 2006, p.9). Directly linked to the previous disadvantage and the basic definition of globalization, is the fact that the interdependence of sectors and institutions increases in a global market. In this instance then, a financial crisis within one country or within

International Relations Studies and research programs from inter-disciplinarity of sociology have proved that the society is essential to be protected. Social, political, economic and cultural aspects are evidently vital in promoting development and the improvement of life style, which eventually accounts for societal development. From previous projects, the society is a depiction of human life illuminating facets of social life to coax the modern world systems. Various theories have summed up

A low dollar for instance increases the competitiveness of the sales, as well as the sales volume, but decreases their value and weakens the positive results in the balance of payments. Subsequently, a high dollar decreases competitiveness within the international market place, but strengthens the balance of payments (Wang, 2009). Then, aside from the exchange rate, the balance of payments is also influenced by the balance trade in the meaning

The trade relationship with China can be analyzed from both perspectives of inter- and intra-industry exchange, and major differences are available. In this order of ideas, China is characterized by low income and a scarcity of natural resources. Ergo, their trading operations are dominated by the theory of the comparative advantage, and the necessity to supply the population with complementary products. As a result then, most of China's trading operations