Posts Tagged ‘state’

The superpowers of the century

The superpowers of the century

The superpowers of the century

The term of superpower defines a state with great economic and politic power that could influence events following its own interests. The concept of superpower was used for the first time in 20th century after the World War II. At that time United States, the British Empire and the Soviet Union were considered the superpowers. If we take a look back in history we can easily conclude that other states could fit the term. These extinct superpowers are Ancient Egypt, Ancient Greece, the Persian Empire, the Ottoman Empire, the Roman Empire, the Mongol Empire, Portuguese Empire and the Spanish Empire. (more…)

Top ten indebted countries

Top ten indebted countries

Top ten indebted countries

The largest economies in the world are also among the most indebt countries. The long feared sovereign debt crisis is here and puts pressure on all of us. Some of the most reputable economic analysts suggest that this sovereign debt crisis could be much worse than the 2008 financial crisis so many investors play safe these days. Many economies are still in recession and the global economic situation makes the recovery even more difficult. They all are somehow on hold waiting to see what’s next before making another move. (more…)

Top ten most democratic countries

Top ten most democratic countries

Top ten most democratic countries

The democracy represents a political system in which all the people of the country have equal control over the national matters through referendum and elected representatives. The history of democracy starts in ancient Greece where Athenian citizens had the right to vote the laws of state in the Assembly.

The democracy has come a long way since that ancient times and now most countries are democratic. Now the most important features of democracy include civil liberties, politic rights, freedom of press and the low level of corruption. These features differentiate the states by the level of democracy implemented. (more…)

Top ten states by gold reserves

Top ten states by gold reserves

Top ten states by gold reserves

Gold is considered a sign of wealth since ancient times. This metal is shiny and soft, and being so malleable was often used for state of the art jewelry and decorations. The gold was also used for a very long time in coinage.

Specialists estimate that the total volume of gold mined throughout the human history represents more than 150,000 tonnes.  More than half of the gold held worldwide is jewelry while 20% represents national reserves held in central banks. (more…)

Zimbabwe, the state of hyperinflation

Zimbabwe, the state of hyperinflation

Zimbabwe, the state of hyperinflation

Located in southern Africa, Zimbabwe is a state famous for its economic problems. After a very good economic period during the 1980s and 1990s when Zimbabwe recorded strong economic growth each year, the country’s economic situation turned bad during the Congolese war.

The implication in the Congolese war between 1998 and 2002 had huge implications upon the Zimbabwean economy. The financial resources of the country were drained by the war and the country started to fall apart. (more…)