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Over the past 30 years, I have worked on many reference books, and so am no stranger to recording change. However, the pace of change seems to have become more frantic in the second decade of this century. Why might this be? One reason, of course, is that, with 24-hour news and the internet, information is transmitted at great speed. Nearly every country has online news sites which give an indication of the issues of political importance.
The post Why is the world changing so fast? appeared first on OUPblog.
Ten years ago Brazil was beginning to enjoy the financial boom from China’s growing appetite for commodities and raw materials. The two countries were a natural fit. Brazil had what Beijing needed – iron ore, beef, soybeans, etc. and China had what Brasilia desperately wanted – foreign exchange to address budget deficits and cost overruns on major infrastructure projects. It was a marriage made in heaven – for four or five years.
The post What a difference a decade makes in Brazil appeared first on OUPblog.
The European Union is undergoing multiple crises. The UK may vote in favour of leaving the Union in June. European Union member states are in deep disagreement on various crucial issues, not only on how to handle the stream of refugees from the Near East, but also on how to combat terrorism, and how to deal with Russia. And, in each election, Eurosceptic parties garner an increasing share of the vote. Given the urgency of these issues, the Eurozone crisis has been relegated to the background of public debates.
The post Long-term causes of the Eurozone crisis appeared first on OUPblog.
The star-studded new film “The Big Short” is based on Michael Lewis’s best-selling expose of the 2008 financial crisis. Reviewers are calling it the “ultimate feel-furious movie about Wall Street.” It emphasizes the oddball and maverick character of four mid-level hedge fund managers in order to explain what it would take to ignore the rating agencies’ evaluations and bet against the subprime industry—that is, their own industry.
The post The Big Picture and “The Big Short”: How Virtue helps us explain something as complex as the Financial Crisis appeared first on OUPblog.
