A reality of global politics is that some of its most important features are overshadowed by what, on a dispassionate analysis, are really much less significant issues. Financial crises, for example, are increasingly frequent and can pose challenges to the established order of global politics. But even though financial volatility seriously affects governments and the lives of billions, it is typically relegated to the business pages by the drama of terrorism or the high politics of trade negotiations, until it bursts forth in a global financial crisis, such as the one that began in 2007, or in dramatic events like the Chinese stock market falls that began in 2015 but whose consequences are unclear. This is unfortunate because it means that what is happening in the ‘engine room’ of globalization is often poorly understood by those in power and by those who wish to change the policies of those in power.
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- Global Financial Crises
Timothy J. Sinclair
- Macmillan Education UK
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