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Given the long process required to create the euro it is not too surprising that the dollar has been the dominant currency of the world economy for almost a century. Since 2002 the euro has gained widespread international acceptance resulting in important institutional, economic and financial changes both for the euro zone, the United States and the world economies, affecting foreign exchange and financial markets as well as economic activities around the world. In the future, the international role of the euro will eventually hinge on the validity of the fundamental idea underlying its creation, namely the idea that important components of sovereignty can be pooled and shared among nations in the pursuit of common economic and political objectives. The sections in this book assess the international role of the euro, discuss its impact on global financial markets, shifting global exchange rate relationships and their implications. This book incorporates the involvement of various disciplines (economics, business and political science) in order to foment discussions intended to facilitate an exchange of ideas among academics, practitioners and the local business community.
The purpose of this book is to provide information on the alternative futures of fluctuated global economy by global model simulations as well as appropriate trade policies for sustainable development of the interdependent global economy.
All over the world, there is growing concern about the ramifications of globalization, late-modernity and general global social and economic restructuring on the lives and futures of young people. Bringing together a wide body of research to reflect on youth responses to social change in Africa, this volume shows that while young people in the region face extraordinary social challenges in their everyday lives, they also continue to devise unique ways to reinvent their difficult circumstances and prosper in the midst of seismic global and local social changes. Contributors from Africa and around the world cover a wide range of topics on African youth cultures, exploring the lives of young people not necessarily as victims, but as active social players in the face of a shifting, late-modernist civilization. With empirical cases and varied theoretical approaches, the book offers a timely scholarly contribution to debates around globalization and its implications and impacts for Africa's youth.
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