1. leaderless collective
The Leaderless Collective deals with the subject of financial markets and, in this section, Norberg seeks to refute the three main arguments advanced by critics of globalization on this issue, namely, the irrational movement of stock markets caused by speculators, the increasing market fluctuations in recent years and the free movement of capital across borders. ... When international capital flows out of a country suddenly, it can precipitate a crisis, particularly if they involve sovereign debt and banking and financial system debt (E&M, 5) Norberg Contends that free moveme...
- Word Count: 2004
- Approx Pages: 8
- Grade Level: Undergraduate