covid-19 economy Government crisis

Opinion | Governments are retaking the ‘commanding heights’ of their economies

Reading now: 828
www.livemint.com

The covid crisis might upend an international political economy that has nurtured global peace and prosperity since 1945 World wars, or global public safety emergencies, are opportunities to reshape the global political, economic, and social orders—for good or for ill.

As World War I broke out in 1914, governments everywhere ditched the gold standard, which had provided remarkable monetary stability over the previous century.

After the war, and then accelerating after the stock market crash that initiated the Great Depression in 1929, nations engaged in a mutually-ruinous trade war that shrank global trade and worsened the depression.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA