Economic growth has been the basis of stability in many quarters of the world in the last decade. Emerging economies have grown rapidly in recent years due mainly to their exports, and other developing countries have begun to follow their trail. Developed countries have maintained absorbing capacities in their markets ......

Sovereign is he who decides whether there is a state of emergency," wrote the German legal philosopher Carl Schmitt in 1922, on the eve of the Weimar Republic's great economic crisis. Authorities that can be bypassed in times of stress are not real authorities. Laws that are suspended when push comes to shove are not real laws. Read more......