20 years: Trading & hedge funds
The development of fiscal and monetary policy generally, in the western world, has been a clear example of policy created for the benefit of one group over another. Trevor explains this inequality by examining a political economy, neoliberalism, and the relationship between employment and inflation.
The development of fiscal and monetary policy generally, in the western world, has been a clear example of policy created for the benefit of one group over another. Trevor explains this inequality by examining a political economy, neoliberalism, and the relationship between employment and inflation.
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4 mins 27 secs
Neoliberalism may be popular amongst wealthy creditors, however, the reality is that it causes increased levels of inequality.
Key learning objectives:
Define a ‘political economy’ and give an example
Identify how neoliberalism causes inequality, and the potential ways to combat this
Understand the link between employment and inflation
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The creation of the European Monetary Union, and the development of fiscal and monetary policy generally in the western world has been a clear example of policy created for the benefit of one group over another.
Germany, as the largest creditor nation in Europe, dictated the rules that launched the single currency and the associated policies. These policies were ruinous for countries such as Greece.
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