In Economics
Recently, in the 9th International Conference "Developments in Economic Theory and Policy" held in Bilbao, by the Department of Applied Economics V of the University of the Basque Country (Spain) and the Cambridge Centre for Economic and Public Policy, Department of Land Economy of the University of Cambridge (United Kingdom), the concept of Stockholm Syndrome was introduced in economics referring to governments that have been "kidnapped" by financial capital because of their need to refinance public debt. They are coerced into accepting high interest rates and conditions that compromise their sovereignty .
Read more about this topic: Stockholm Syndrome
Famous quotes containing the word economics:
“The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races.... The economics of this musical esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.”
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—James Thurber (1894–1961)