Midterm exam Essay Example | Topics and Well Written Essays - 500 words

Midterm exam - Essay modelwere primarily formed to support the rebuilding processes of the nations and give up a universe of discourse forum that can provide mediation. The central banks play critical role and national political and economic agenda main rotated around low interest rates, regulation of industries, labor unions to strengthen the business environment with the countries.Neo-liberalism, on the separate hand, can broadly be defined in terms of emerging new economic paradigms in the changing socio-political scenario across the world that favors opening of domestic market for global business powers. But 1975 onwards, the world economy has increasingly bring about more market driven and trade across geographical regions has become more attractive to developed and developing countries.In the new-liberalism era, the economic conditions had drastically changed through de-regulation of industries, privatization and curb on union power. America came into the forefront of glo bal political and economic front. With Ronal Reagan, as President of America in 1980, the demise of old economic order became a certainty. The role of central bank was significantly curbed and privatization became the major(ip) propellant of new economic order. The strong economy and advanced stature of United States, subsequently, made authorized the success of US Dollars as Global Currency. This system greatly facilitated international trade and investment plainly restricted the capital movement so as to maintain certain extent of control by few dominant countries (Harvey, 2005).The advent of neo-liberalism primarily relied on economic liberalization. It promoted more capitalistic approach that upgrade the rich and made the poor nations as the scapegoat for getting exploited by the developed countries and multi-nationals. The monopoly of American influence in all the leading international financial institutes like World Bank and IMF, lay down followed the American