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The GAB was established in 1962, when the governments of eight International Monetary Fund (IMF) members—Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States—and the central banks of two others, Germany and Sweden, agreed to make resources available to the IMF with an additional $6 billion of their resources. [1]
G10, G.X or G-10 or Group of Ten may refer to: Canon PowerShot G10; G10 (agricultural), ten countries which are "vulnerable" to imports due to ongoing reform in the ...
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
Grainger has discussed that environmental globalization in the context of international agreements on pro-environmental initiatives. According to him, precursors to modern environmental globalization can be found in the colonial era scientific forestry (research into how to create and restore forests). [8]
Courtyard of the Amsterdam Stock Exchange, c. 1670. Although the 16th, 17th and 18th centuries saw a rise in Western imperialism in the world system, the period of proto-globalization involved increased interaction between Western Europe and the systems that had formed between nations in East Asia and the Middle East. [1]
Asia's economic growth during 1980s was accelerated due to the influx of foreign investment while during 1997 and 1998, a significant setback took place as the US dollar appreciated tremendously even in comparison to the yuan which led to financial distress in Asia and affected South Korea where similar debt structures were also recognised. [7]