Global Crisis

Foreword The global financial crisis has clearly become a lead story foreign policy priority of the Clinton Administration. Few people be as qualified to evaluate the crisis, its consequences for the United States, and possible solutions as Maurice R. Greenberg. As the professorship and CEO of American International pigeonholing, an policy and financial services firm that does business in one hundred thirty countries, and a former Chairman of the Federal Reserve lingo of New York, Mr. Greenberg has enormous first-hand knowledge of the valet de chambre economy. Mr. Greenberg, who is also Chairman of The Nixon Center, originally presented his highly informative and thoughtful remarks during the October 7, 1998 session of the story Group on America as the Sole Superpower, chaired by Senator John McCain (R-AZ). Organized under the auspices of The Nixon Center, the Study Group is a small, top-level bipartisan panel which includes key members of Congress, former senior officials among them former Secretaries of State and Defense and four National shelter Advisors business leaders, and prominent academics. Its purpose is to assess U.S. priorities, opportunities, and constraints in the tonic vastly different post-Cold warfare environment. Mr. Greenbergs paper makes an of the essence(predicate) contribution to this objective.

The Risk of Global Recession The circulating(prenominal) global financial crisis is among the greatest challenges to the world economy since the end of World War II. Unlike past financial crises, which were confined to particular regions, the current financial contagion is quickly spreading across continents. Unless accomplish is taken in the next few months to shore up faltering countries and restore confidence in the global economy, the world will face a deep and prolonged recession. G-7 countries, in particular the United States, were slow to realize the scope and earnestness of the crisis, which began in Thailand in the summer of 1997. For example, at the 1997 G-7 summit in Denver, Japan proposed the... If you want to get a full essay, revise it on our website: Ordercustompaper.com

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