Bretton Woods System
buyer driven industry
clustering of activities
-established the rules for commercial and ﬁnancial relations among the world's major industrial states!
-the ﬁrst example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states
Co-ordinated Market Economics CME credit crisis
a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. culture norms
a group-held belief about how members should behave in a given context. Sociologists describe norms as informal understandings that govern society’s behaviors.
demand and supply
Financialization is a term that describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible, intangible, future or present promises, etc.) either into a ﬁnancial instrument or a derivative of a ﬁnancial instrument
a notion of a modern economic and social system based on an industrialized and standardized form of mass production.
Globalization (or globalisation) is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture
underline ~ 坚持反对
国家干涉 the view that in the short run, especially during recessions, economic output is strongly inﬂuenced by aggregate demand (total spending in the economy). In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is inﬂuenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inﬂation.
an economic environment in which transactions between private parties are free from government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights.
Liberal Market Economics LME macro structure
mobility of capital
correspond to the overall organization of society, described at a rather large-scale level, featuring for instance social groups, organizations, institutions, nation-states and their respective properties and relations. the process of taking a private industry or private assets into public ownership by a national government or state.
a political philosophy whose advocates support economic liberalizations, free trade and open markets, privatization, deregulation, and enhancing the role of the private sector in modern society.
Today the term is mostly used as a general condemnation of economic liberalization policies and its advocates.
international relationship is competition based, has conﬂicts polatization
the gap between highest paid workers and lowest paid workers is growing
the process of transferring ownership of a business, enterprise, agency, public service or public