The first step towards globalization was the efforts of the Western World following WW2 to have bothDCs and LDCs implement free international trade, the signing of GATT and the establishment of the IMF and the IBRD (WB).But ...

The global economic crisis first started in the USA in September 2008 as a widespread insolvency problem caused by mortgage debts of households that had become unpayable. The financial crisis, in turn, caused a serious ...