The Islamic State in Iraq and the Levant (ISIL), or the Islamic State of Iraq and Syria (ISIS or DAISH/DAESH in Arabic), is a militant group that has called itself the Islamic State. A terrorist group, as designated by Security Council under Resolution 2170, it has become synonymous with extreme violence directed against civilians and captured fighters. The Islamic State, known as ISIS, exploded into the public eye in 2014 with startling speed and shocking brutality. It has captured the imagination of the global jihadist movement, attracting recruits in unprecedented numbers and wreaking...

A generally accepted definition of economic globalization is the increasing integration of national economies into expanding international markets. This expansion of markets will mean that the free movement of goods, services, labour and capital, will result in a single global market in inputs and outputs; so that, economically speaking, there are no foreigners. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has...

The current financial crisis is the worst the world has seen since the Great Depression of the 1930s. For younger generations, accustomed to mild recessions of the new phase of globalization, the misery of the Great Depression is hitherto nothing more than a distant legend In the new, globalized world of closely interdependent economies, the crisis affected almost every part of the world, receiving extensive coverage in the international media. Since the summer of 2008 the world has experienced the greatest destruction of wealth - paper losses measured in the trillions of dollars - in its...

This study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. There is little evidence to support the contention that economic growth and outward-oriented policies will hurt the poor. Countries with higher rates of economic growth over the last 30 years have achieved greater reductions...

The GATT/WTO system has been founded on the fundamental principle of non-discrimation. However, the system has also allowed exceptional cases to this principle through several arrangements. The leading examples of these cases are Regional Integration Agreements (RIAs). The concept of regionalization, is associated with the development of the institutional conditions for the shift of goods and production between countries. In the center of the regionalization process there is a function of integration groups, which currently are of great importance in the world economy. The number, size, and...