By contrast, when it comes to financial deregulation
and the liberalisation of international capital flows, there are clear equity-efficiency tradeoffs: they boost growth, but they also tend to increase inequality.
As we now know, that led to a period of easy monetary conditions, which, together with financial deregulation
and technological developments, sowed the seeds of the 2007 financial crisis and the ensuing recession.
Their approach consists in hindering globalization -- while maintaining or even enhancing other aspects of the Washington Consensus, such as financial deregulation
-- and strengthening democracy through the nation-state.
Their approach consists in hindering globalisation - while maintaining or even enhancing other aspects of the Washington Consensus, such as financial deregulation
- and strengthening democracy through the nation-state.
However, many developing countries have not been able to develop sufficiently their manufacturing sector (experiencing a "stalled industrialization") or have even endured a "premature de-industrialization" since the 1980s owing to a policy strategy centred on unilateral trade opening, financial deregulation
and the retreat of the developmental State.
html) second-quarter earnings conference call about the future of financial deregulation
, Goldman Sachs Chief Financial Officer Martin Chavez declined to answer.
It comes as no surprise that Donald Trump and Steven Mnuchin -- two men who were deeply involved in companies that cheated thousands of customers -- would want to gut the agency that's held cheaters accountable and returned more than $12 billion to consumers, but Democrats aren't buying the Trump-Mnuchin financial deregulation
House passed a sweeping financial deregulation
bill from U.
Donald Trump's administration will implement large tax cuts and substantial financial deregulation
In other parts of his speech, Sanders decried "reckless financial deregulation
," including rules on political party financing, that he said had "established a system in which billionaires can buy elections" in exchange for laws that would make them only richer.
However, once conservatives are elected to office, they typically drop their focus on these cultural issues and immediately turn their attention to an economic regimen of stopping increases to the minimum wage, blocking extensions of unemployment benefits, rolling back workplace standards, endorsing financial deregulation
, supporting privatization of schools, busting unions, cutting corporate taxes, and then sequestering budgets so that Head Start, food stamps, education, and Medicare can be further slashed.
The Thatcher government's 'free market' policy was enhanced with the 'Big Bang' of financial deregulation
and the privatisation of National Industries.