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How Corporate Greed Caused the Economic Turmoil
United States of America is the financial hub of the world operating with capitalistic approach driven by the Laissez-faire principle. Being a member and a dominant force in WTO and NAFTA, it propelled the world markets to be more open, more integrated and more accessible to drive global competition. America connected the global business to business partners with rich infrastructure and a world class SCM for importing and exporting of goods for the benefit of consumers.
Bank Bailout – What Does That Mean?Banking crises have detrimental effects on the rest of the economy. Banking crises usually result in severe economic crises with negative GDP growth, frequent bankruptcies, high unemployment and often social and political turmoil. A possible breakdown of the whole payment system, capital flight and higher probability of currency crises, as well as a general loss of confidence added to the list.
