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Changes in interest rates can have both positive and negative effects on the markets. When the Federal Reserve Board (the Fed) changes the rate at which banks borrow money, this has a ripple effect across the entire economy.
27 October 2011 Last updated at 06:04 ET By Laurence Knight Business reporter, BBC News
Like any crisis, the new one generates myriads of misguided comments and reactions by journalists, financiers and policymakers. Ten myths that are frequently heard clash with ten facts that are frequently overlooked. Myth 1 : Greece is bankrupt.
13 June 2012 Last updated at 14:08 GMT The current situation in Greece and beyond is the biggest test the euro has ever faced The euro, the dream of many a politician in the years following World War II, was established in Maastricht by the European Union (EU) in 1992.
James Turk : I'm James Turk. I'm a director of the GoldMoney Foundation. It's my pleasure to be here today with Felix Zulauf, the founder and chairman of Zulauf Asset Management in Zug, Switzerland.
The Human Development Index ( HDI ) is a composite statistic of life expectancy, education, and income indices to rank countries into four tiers of human development . It was created by economist Mahbub ul Haq , followed by economist Amartya Sen in 1990, [ 1 ] and published by the United Nations Development Programme . [ 2 ] World map by quartiles of Human Development Index in 2013.
Gross domestic product , GDP, is defined as the total value of all goods and services produced within that territory during a given year. GDP is designed to measure the market value of production that flows through the economy.
Economic integration is the unification of economic policies between different states through the partial or full abolition of tariff and non-tariff restrictions on trade taking place among them prior to their integration. This is meant in turn to lead to lower prices for distributors and consumers with the goal of increasing the combined economic productivity of the states. The trade stimulation effects intended by means of economic integration are part of the contemporary economic Theory of the Second Best : where, in theory, the best option is free trade , with free competition and no trade barriers whatsoever.