onsdag 15. oktober 2014

Acronyms


WTO
  • deals with the global rules of trade between nations
  • it’s main function is to ensure that trade flows as smoothly, predictably and freely as possible
  • the goal is to help producers of goods and services, exporters  and importers conduct their business

"99%"

  • is a political slogan used by the Occupy movement (movement against social and economic inequality)
  • «We are the 99%»
  • the 99% are paying the price for the mistakes of a tiny minority within the upper class
  • started in the US, but is now an international movement

IMF
  • international fund is an international organization that was initiated in 1933 at Bretton Wood Conference 
  • was formally created in 1945 by 29 member countries


The World Bank
  • a United Nations international institution that provides loand and developing countries for capital programs 
  • the World Bank’s official is the reduction of poverty


United Nations
  • an international organization to promote international co-operation
  • created following the second world war to prevent another such conflict
  • 193 member states
  • the UN headquarter is situated in Manhattan, New York City
  • also has main offices in Geneva, Nairobi and Vienna
Great recession
  • a term used to describe the general economic decline observed in world markets around the end of the first decade of the 21st century
  • the recession is often associated with the US subprime mortage crisis and financial crisis of 2007-2008

Occupy Wall Street
  • started with demonstrations  in New York City the 17th of September, 2011
  • the demonstrations had spread to at least 70 cities in the US
  • the demonstrations spread to other countries, like Germany England and Italy
  • demonstrated against social and economic inequality, greed and corruption
  • used the slogan «we are the 99%»

Globalization
  • the process of international intergration arising from the interchange of world views, products, ideas and aspects of culture
  • the world is getting «closer»
  • we affect each other