This section is designed especially for persons who want along with learning of the language and the Hispanic culture, the study of the proper characteristics of business Spanish.
The economist Paul Krugman knows - Nobel Prize of Economy 2008 and he learns a little of the economy vocabulary in Spanish.
The Real Academy of the Sciences of Sweden granted the Nobel Prize of Economy of 2008 to the famous North American economist Paul Krugman for his theory that integrated them, for the first time, till then ludicrous fields of investigation of the international trade and the Economic geography.
According to the Foundation Nobel Prize, the Krugman theory answers key questions in the economic debate:
Which are the effects of the free trade and of the globalization?
Which are the forces that impel the urban development on a global scale?
The economist formulated the theory in November, 1979, in an article published in "Journal of International Economics" explaining the effects of the free market and of the globalization and porqué some countries end up dominating the world commerce.
55-year-old Paul Krugman, at present teacher of Economy and International Matters in the University of Princeton, graduated in the University of yale and got doctor's degree on the Technological institute of Massachussets (MIT). He was a teacher of yale, of the London School of Economics, of the University of Stanford and of the Technological institute of Massachussets (MIT).
Author of more than 200 articles and 21 books, between them "Geography and commerce", "Selling prosperity" and "The big trick". His work "International Economy: The theory and politics" is a reference book in the international economy.
In addition to his academic reputation in finance and international trade, from January, 2000, Krugman is an influential columnist of the periodic "The New York Times". He has been one of the most critical columnists with the economic and general politics of the administration of George W. Bush. During the last weeks, his columns have had an enormous aftereffect.
Concerning the current economic crisis, in May, 2005, Paul Krugman predicted:
What I believe that it will happen the fact is that the money-market rates in the United States will rise; the real estate bubble probably will exploit; the employment in the sector of the construction and the expense of consumption they will go down, and the landslide of prices of the housing might cause a bankruptcies wave. And suddenly we will wonder how it happened to someone that to finance the deficit presupuestal was easy.
After knowing the award, the economist before the world economic situation declared: We are witnesses of a crisis that is so severe as the one that struck Asia in the 90. This crisis keeps some similarities with the Big Depression.
Also, he assured: We are going to suffer a recession and perhaps prolonged, but perhaps not a collapse.
famous
Famous person.
ludicrous
A little out of reason and rule.
Economic geography
Of generic form it is the study of the mechanisms of agglomeration of the economic activities and the impact of the geographical disparities on the economic disparities.
urban development
Transformation of a rural ground for the urban use, on the influence of economic, demographic and spatial pressures of an urban center.
free market
Economy with scarce or void restrictions or governmental control panel to the exchanges between individuals and companies.
globalization
Fundamentally economic process that consists of the increasing integration of the different national economies in the only world market economy.
to license
To receive the Bachelor's grade.
to confer a doctorate
To adjust from doctor to one in a university.
I free of reference
Book or work of information or consultation.
columnist
Editor or collaborator of a newspaper, to which he contributes regularly with signed and inserted comments in a special column.
money-market rates
Cost or remuneration that is paid to a third one for using the money of his property.
real estate bubble
Speculative situation in which the prices on the real estate market are over his real value. The result of the explosion of the bubble is a sudden fall of the demand and, possibly, of the prices in the short term.
bankruptcy
The State of insolvency of an individual or a company, in which there does not exist the aptitude to pay his obligations as they were been convenient originally.
deficit presupuestal
In general terms, it differs in the one that the expenses forecasts overcome the income forecasts in the budget realized by any economic agent.
witness
Person who attends or acquires direct and real knowledge of something.
recession
Decrease of the economic activity of a country inside his business cycles. Technically a recession takes place when the growth of the GDP is a negative of consecutive form during three trimesters.
