China and the United States – a New World Order? Part III
7: China as a new superpower? China has had an annual growth of 10–13 per cent in the last five years, and 8–10 per cent in the last thirty years, which is very high...
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China and the United States – a New World Order? Part II
The Association of Southeast Asian Nations (ASEAN), along with China, Japan and South Korea, decided in March 2009 that they would set up a $ 120 billion foreign exchange reserve – almost a separate...
China and the United States – a New World Order? Part I
It is several years since the relationship between the two giant countries USA and China came to the center of geopolitics. The financial crisis has further helped to bring this issue into focus. What...
Euro Countries – Meager Public Finances Part I
The industrialized countries, with the United States and Europe at the forefront, were hardest hit in the first worldwide economic downturn since World War II. The years from 2003 to 2007 were characterized by...
From G8 to G20: Towards Global Governance? Part III
With its oil economy, Norway is among the “bypassed” based on GDP measured in current dollars, and on this list we also find Sweden and Denmark. Sweden is also in the top 10 list...
A Financial Crisis in the Making Part III
Fact 2: See “bottom-up” One very important lesson from this financial crisis is that we cannot understand the problem by simply analyzing it “from top to bottom”. It is possible that there have been...
A Financial Crisis in the Making Part II
From the summer of 2007 onwards, however, it was realized that the original lending (especially the subprime loans, see facts in No. 21, 2008) and the control of the individual loans in these composite...
A Financial Crisis in the Making Part I
In recent months, words such as economic “crisis”, “collapse” and “depression” have been repeated in the media. A financial crisis has built up. The situation is dramatic, and the consequences of the crisis could...
The Financial Crisis 2009 Part I
In March 2009, it looked really dark for the world economy. Everything pointed downwards. Since then, stock markets around the world have risen significantly, and the fall in world trade has stopped. It may...
Economic Downturn in the West Part II
China is not the only populous country experiencing rapid economic progress. India, with over 1.2 billion inhabitants, has also had a healthy growth in the last 15-20 years (but still lower than China). Together,...
Economic Downturn in the West Part I
In the autumn of 2008, the American investment bank Lehman Brothers was declared bankrupt, and a global downturn began. The large industrialized countries are still struggling with the effects of the most severe post-war...
Miami Travel Guide
Miami is a well-known city for many Norwegians, primarily known for its sunny climate and for its role in countless TV series. According to DigoPaul, the city of Miami is the second largest in...