Spreads between their borrowing costs and the rates at which they lend average 25 percentage points, already more than twice as large as in the U.S. With bond financing spreads are expected to widen.
It doesn't matter where they make it, whether on the service contract or the finance spread or the floor mats.
Traditionally the advocates of globalism have claimed that a universal system of laissez-faire in finance spread systemic risk more ably around the system, smoothing out the fluctuations and hazard caused by inadequate local assessment of liability and risk.
Around the world, Saudi money is financing the spread of a highly intolerant strain of Islam, Wahhabism.
In theory, derivatives, securitisation and a choice of financing should spread risk, increase the financial sector's resilience and reduce the economic damage from a shock.
Policymakers have dropped hints that should one country's financing troubles spread to another, a bail-out plan is in place.
Later, prestige-seeking Saudi businessmen wrote checks to radical Islamic charities, financing the spread of radical Islam in much of the Islamic world -- in the same way that zealous but misguided Americans helped underwrite I.R.A. terrorism in the 1970's and 1980's, as our own government pretended not to notice.
Some of the most high-profile ethical issues in global health are the 'brain drain', inequitable distribution of resources (e.g. primary goods such as water, food or housing), gender or race inequality (discrimination), health system financing, the spread of infectious diseases, poverty, etc. (3).
Globalized trade and finance had spread risk widely.
The sense that there is something outrageous, unjust and absurd about the world of modern finance has spread across the whole political and religious spectrum.
