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    First 10 years in a new century: the changing world survived  

    Eugene Eteris, BC Scandinavian Office

    Ten years in human history is really a minor for revelations. However, the past 10 years have been so turbulent that all spheres of social life, all parts of the world still feel the decade’s effects, mostly negative. Hence, our intention to shed light at those events that shaped global and European economy, public finances and business arrangements. The decade that changed the world.

    The first decade in the XXI century was a time of nervous agitation. Already in the first moments of a new century, the world was drowned in panic: it was called Y2K-panic coped with fears that transitional arrangements in IT would be disastrous to politics and economy. This panic could remind us of how vulnerable our civilization is towards the modern technologic development. However, in March 2000 the US Nasdaq technology index peaked 5.048, marking the top of the „dot.com“ boom and S&P 500 index reached almost 1,500.00, the figure it could make only at the end of 2007 (with the lowest figure at 776.76 in October 2002).
    Some notable event through a decade
    The start of 2001 marked the start of the US recession; as a result, the developed economies grew by meager 1,2 per cent a year. Goldman Sacks coined the term „Brics“, showing the importance of Brazil, Russia, India, and China for the world economy. Energy group Enron collapsed with several executives convicted of fraud (its boss, K.Lay faced 20-30 years imprisonment, he died in 2006); then WorldCom scandal followed (B. Ebbers was sentenced to 25 years in 2006).  

    Full text at the website of The Baltic Course First 10 years in a new century: the changing world survived!


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    Diplomatic Club for Peace Appeal to world leaders and humanity

    Diplomatic Economic Club strongly condemns and is not accepting any kind of aggression, military collisions, wars between countries, which are happening here close in the center of Europe, on the other continents of the world, in Asia, in Africa.
    Nothing can justify the use of force in any cases, everywhere it leads to suffering of civilians.
    We call all parts, leaders of all levels for a peaceful solution of any disagreements through the dialog and negotiations.
    Only the Peace on our planet, olny Friendship and mutual understanding promote the life of people.
    Please don't even allow yourself any thought about World War III, about nuclear weapons.
    All the humanity remembers the wars of the 20th century, and if somebody has forgotten, please remember. Diplomatic Club for Peace

    Stop War! Peace All over the World



    Diplomatic Economic Club
    unites members from 37 countries of the world.
    Diplomatic Economic Club – is a unique association where people from different countries are to find a common language and contribute to the development of contacts between businessmen of the countries they represent.
    1997 — the beginning of the formation of the idea of creating a club, the establishment of internal interactions in the club on the basis of international exhibitions in Riga, periodic meetings.

    Digest

    She phrase „Economic Diplomacy“ assumes the diplomatic official activities that are focused on increasing exports, attracting foreign investment and participating in work of the international economic organisations