Gross value added (GVA)
Posted inEconomics

Gross Value Added (GVA) Definition & Analysis

Gross Value Added, known by its acronym GVA, is a macroeconomic magnitude that measures the total value created by a sector, country or region. That is, the value of the set of goods and services that are produced in a country during a period of time, discounting indirect taxes and intermediate consumption.
Zygmunt Bauman: Biography, Career, Age (1927 – 2017)
Posted inBiography

Zygmunt Bauman: Biography, Career, Age (1927 – 2017)

Zygmunt Bauman (1927-2017) was a Polish sociologist, thinker, teacher and writer, one of the most critical voices in contemporary society. He created the expression “Liquid Modernity” to classify the fluidity of the world where individuals no longer have a standard of reference.
Bankruptcy of Lehman Brothers: Causes, Impact & Reasons
Posted inGovernment & Politics History Studies

Bankruptcy of Lehman Brothers: Causes, Impact & Reasons

The bankruptcy of Lehman Brothers was one of the most striking of the global financial crisis that began in 2008. In fact, the collapse of this bank is considered, by many analysts, as the starting point of the crisis. However, other banks had already fallen during 2007, although it is true that their size was smaller. One of the most important characteristics of this bankruptcy was that, contrary to what was done in other cases, such as Northern Rock in the United Kingdom, or Bear Stearns in the United States of America, the governments did not allocate public money to rescue the entity from the collapse.