Global Economy Key Player & Background As the spokesperson for an interest group representing an economic think tank, I am issuing this policy statement to detail the implications for the U.S. economy of a sovereign default in the Eurozone. As Reich notes, the financial crisis in Europe is threatening to spread to the United States. If there is a default in Greece, a panic could start in financial markets, spreading to other

Secondly, the projects are diverted away from its target population because state institutions of these poor countries tend to be weak and inefficient. And in the process, we only encounter the "iron law of political economy" in which the resources that were initially allocated to the poor tend to flow towards those who possess more power because the state is inefficient in regulating these resources. Thirdly, the political dimension

Global Financial Stabilty Global financial stability Financial stability refers to a situation in which the global financial system is capable of performing its functions simultaneously (International Monetary Fund, 2012). It encompasses the ability of the financial system to be able to facilitate and enhance economic process, absorb shocks and manage risks. In addition, financial stability is usually changeable with time, and it is always consistent with various combinations of all the elements

To prevent these kinds of situations, management needs to implement a policy that will limit the total amount of derivative based assets in: the clients' or the company's portfolio to an acceptable amount. At which point, they would have the compliance department monitor these activities, to ensure that everyone is following the different guidelines. This will reduce the possible risks facing the company and it would improve their internal

The global economic condition needs to be a call to becoming competitive with aggressive intelligence, not a reason to give up. If anything, the more challenging the economic condition, the greater specialized knowledge and intelligence become to anyone attaining their career objectives. In good economic times the flexibility fo the job market is so elastic and agile it is relatively easy for anyone to get a job and launch

The firms seek to benefit from whatever a partner has to offer. This is different because size of the firms does not matter as long as each is willing to support the other in mutually beneficial manner. Unlike U.S. collaboration units where financial assistance plays a critical role, in Japan, it is the infrastructure that matters. Unlike the U.S. conglomerates, which accent financial management, Keiretsu are oriented to cooperate in