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  • Strengthening Of Growth In The Euro Area
    1,794 words
    Economic and Monetary Union (EMU) is a single currency area within the European Union single market in which people, goods, services and capital move without restrictions. It creates the framework for economic growth and stability and is underpinned by an independent central bank and legal obligations on the participating Member States to pursue sound economic policies and to coordinate these policies very closely. As trade between the EU Member States reaches 60% of their total trade, EMU is th...
  • Complex Religion Before Christianity
    659 words
    The book Things Fall Apart, by China Achebe tells the story about a native living in Africa during the period of European imperialism. By placing the book during this time period Achebe can first explain traditional Ibo culture and then talk about the effect that the white European evangelists had on Ibo society. The book dispels the commonly held view of Africans before colonization as savage and godless beings. Achebe explains the very advanced social order in Umuofia and the complex Ibo relig...
  • New Venture Funds In Europe And Asia
    2,606 words
    THE NEW ECONOMY It works in America. Will it go global? It seems almost too good to be true. With the information technology sector leading the way, the U.S. has enjoyed almost 4% growth since 1994. Unemployment has fallen from 6% to about 4%, and inflation just keeps getting lower and lower. Leaving out food and energy, consumer inflation in 1999 was only 1.9%, the smallest increase in 34 years. This spectacular boom was not built on smoke and mirrors. Rather, it reflects a willingness to under...
  • 1999 The Value Of The Euro
    552 words
    America Is Not Benefited By the Fall of the Euro "99 in the year '99, is becoming more and more of a reality"- announced Michael Rosenberg, the director of the research center of international currencies of the Deutsche Bank, last week. Using this formula, Rosenberg emphasized the probability that in 1999 the value of the Euro may fall to 99 cents. This pessimistic estimate of the value of the European Union's currency was prompted by the fall in its value to $1.05 in the middle of last week, by...
  • South East Asian Economies
    1,689 words
    Europe's Renaissance Versus Asian Meltdown The origins of Asian Problems Major setbacks in Asia occurred after remarkable success-stories of many countries in the region. Average annual GDP growth came close to 10% per year for 30 consecutive years for the Asian Tiger economies. During the last decade their share in the world exports has grown to 20% of the total, in 1996 they bought about 19% of the US exports and they received a half of total capital inflows to developing countries. Over a dec...

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