Archives Economic crisis - Page 7 of 7 - New Eastern Outlook

It will hardly be a revelation for anyone that the United States, being historically the “stepchild” of Europe from where the mass-scale population of the New World began, has always manifested a jealous attitude towards their Alma Mater. This process has especially aggravated in the recent decades when America entered the path of severe competitive struggle...

Almost three years of political, economic and social problems and disastrous policies have transformed life in Lebanon, once known as the “Paris of the Middle East”, and this land of hope now looks like a textbook example of how not to run a state. In a cogent analysis, the Lebanese newspaper As-Safir blames the failures on a political system which is focused...

The US dollar, as the international reserve currency, has long served as an essential medium of exchange between countries with different national currencies. To fulfil this role, a reserve currency needs to be stable, safe and easily accessible to all countries. In the 20th Century, the dollar’s international status caused it to grow in value, enabling the US to bear huge levels...