The Mediterranean world sketched by Braudel and the world system across the Atlantic Ocean described by Wallerstein were nothing other than subsystems of the global system that encompassed Africa, the Mediterranean, the Islamic Middle East, India, China, and Southeast Asia.
But at the same time, we must recognize that the world financial system is the circulatory system for the world economy.
The most perfect monetary system humans have yet created was the world gold standard system of the late 19th century, roughly 1870-1914.
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It is the measuring stick of the world financial system and the global economy.
Raj Patel, author of "Stuffed and Starved: The Hidden Battle for the World Food System, " says the right to food should be seen as a human right.
Stocks were sliding into the last hour of trading on Wall Street on Monday, with investors abandoning equities as worries about the state of the world financial system consumed them despite the historic U.S. bailout instituted last week.
The International Telecommunication Union, which unites all 191 countries that use the world telephone system, hopes to take the lead in pushing for a global convention against cybercrime.
The world banking system is inherently fragile because the failure of one bank leads to contagion that can cause the failure of other banks and of the system itself.
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The commodities were generally supported on Wednesday by the unexpected move by the major world central banks to pump liquidity into the world financial system.
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We have to make sure that we've got the best-trained workers in the world, we've got the best education system in the world.
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The integration of China and other emerging economies into the world trading system has, in effect, more than doubled the global labour force, and by curbing workers' bargaining power it has restrained pay demands in most developed economies in recent years.
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Wyllie's award-winning play about the iniquities of the world banking system, A Day Down a Goldmine, was produced several times throughout the 1980s.
The British world-system then held together until the second world war.
These include the international seismic monitoring network, the international array of sea level measuring stations (the Global Sea Level Observing System, the Global Telecommunication System of the World Meteorological Organization and associated public geostationary satellites) and the internet.
Many people within the health care system argue that the U.S. has the best system in the world, but there are few incentives to economize, and health care now accounts for 14 percent of the nation's gross domestic product.
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Insofar as the world depends on China's growth, the state of the Chinese banking system is the world's problem.
We need a far more sophisticated understanding of the nature of the world economic system.
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Only then will Myanmar be able to regain access to the world financial system.
In any case, Russia is not completely cut off from the world financial system.
Would Treasury bills and bonds, which are the foundation of the world financial system, suddenly become worthless?
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Thanks to improvements in telecoms and the world trading system, many smaller firms are increasingly mobile too.
Nixon decided to trash the world monetary system rather than face that illusory threat to his electoral success.
Because the world financial system is so tightly linked, higher yields may be a particular concern for emerging countries.
With the Doha Round of multilateral trade talks moribund, this decision could shape the future of the world trading system.
The world dollar system has been pronounced, now almost officially, a failure.
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On the other hand, with the world monetary system in disarray, I would not tell an investor not to own any gold holdings.
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All that has put severe strain on the world financial system.
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The AAA government debt rating is a foundation stone of the world financial system, and when it shifts, even a little, other things may shift as well.
Remember when the options-pricing pioneer Robert Merton won the award in 1997 a year before his hedge fund Long Term Capital Management imploded and almost took down the world financial system?
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