1. leaderless collective
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 movement of capital is good because: It gives people freedom to do whatever they wish with their own resources, eg, Americans can invest their pension funds wherever they wish to do so It provides businesses the liberty to seek financing in other countries Free movement of capital allows money to be used in the most efficient manner so that both lender and consumer deri...
- Word Count: 2004
- Approx Pages: 8
- Grade Level: Undergraduate