Under Article I, Section 8 of the Constitution, Congress has the power "to make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or any Department or Officer thereof".
Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece<span> and undermining </span>the euro by enabling European governments to hide their mounting debts. <span>As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by </span>Goldman Sachs<span> helped obscure billions in debt from the budget overseers in Brussels.</span>
The answer would be White Man's Burden. It is a term that refers to the idea that Western people had a duty to civilize so-called “inferior” or nonwhite cultures. It was used to justify the European imperialism during the late nineteenth century.
The chief indicators are: a. A recent round of globalization has been supported by the technological developments that are associated with the internet that have made it possible to trade services. B. The growth of imports and exports and C. The international trade has led to an increase in economic activity.
A comparative advantage is the gain from trade stem from the differences in the relative efficiency of individuals, firms and all the gains in the production of some mix of goods.
The comparative advantage contribute to aggregate economic gains for states from trade by narrowing the range of economic tasks for which an asset is used, the specialization tends to enable the states in order to be deployed in their most efficient way as a function.
The trade contribute to the economic sources of order in the international system by increasing the state national income and the desire to get economic gains from trade leads to cooperative international agreements.
