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The rapid adoption of social media fundamentally transforms the way of communicating and learning. Social media closes the gap between poorer and richer in access to information and communication channels. We have testified the power of social media in stirring emotions, winning elections and triggering revolutions.
Secretary-General António Gutteres has emphasized the indispensable role of innovation in policy-making process on November 6, 2017: “From my perspective, what is important is to combine innovation and public policy to make sure that innovation works for the good of humankind.” In today’s world, technology is the driving force for innovation.
In December 2015, countries adopted the Paris Agreement on climate change. For the first time, 195 Parties to the UN Framework Convention on Climate Change (UNFCCC) pledged to curb emissions, strengthen resilience and joined to take common climate action. This followed two weeks of negotiations at the United Nations climate change conference.
This course serves as an introduction to money creation. One of the great mysteries and elegant features of the financial system in general, and of the banking sector in particular, is the creation of new money. The largest component of the money stock, bank deposits, is literally created by accounting entries.
Currently, Sustainable Development emerges as a new kind of knowledge for better understanding of the social, natural and economic processes which meets the needs of the present without compromising the ability of future generations in meeting their own needs. This concept has gained a great importance as a scientific vision in the last two decades.
The global financial crises has brought to the fore the pertinence of corporate governance issues across industrialized, emerging and developing economies alike. Corporations play a valuable role in our communities and in nations around the world. Good Corporate Governance is a union between the financial and personal success of a corporation.
The recent liquidity crises has placed a spot light and greater scrutiny on short-term inter-bank lending operations, which to a large extent involve money market operations. The debt market, made up of the money market and the bond market, is an important element of the financial system.
The economies of different countries are organised in different combinations of what economic literature classifies as traditional economic systems, command systems and free market systems.
Almost every country in the world holds foreign currency reserves or “FX reserves”, which are assets of the central bank held in different reserve currencies, most commonly the US Dollar, used to back its liabilities. Foreign exchange reserves held by the Central Bank are a major national asset and a primary tool of monetary and exchange rate policy.
While the Charter of the UN has often been regarded as the constitution of the Organization, resolutions adopted by its principal organs may be considered its laws.