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The most important practical application of global games has been the study of crises in financial markets such as bank runs, currency crises, and bubbles. However, they have other relevant applications such as investments with payoff complementarities, beauty contests , political riots and revolutions , and any other economic situation which ...
Global village describes the phenomenon of the entire world becoming more interconnected as the result of the propagation of media technologies throughout the world. The term was coined by Canadian media theorist Marshall McLuhan in his books The Gutenberg Galaxy: The Making of Typographic Man (1962) and Understanding Media (1964). [ 1 ]
Success Is the Best Revenge was filmed in London. As the film's producer, Skolimowski decided to mortgage his house (which featured in several scenes) in order to raise funds for the project; when it failed to recoup the investment costs at the box office, he declared himself bankrupt and was forced to sell his home, subsequently leaving Britain for the United States.