Welfare capitalismWelfare capitalism is capitalism that includes social welfare policies and/or the practice of businesses providing welfare services to their employees. Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the mid-20th century. Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland and Northern Europe, such as the Nordic model and social market economy (also known as Rhine capitalism and social capitalism).
Global governanceGlobal governance refers to institutions that coordinate the behavior of transnational actors, facilitate cooperation, resolve disputes, and alleviate collective action problems. Global governance broadly entails making, monitoring, and enforcing rules. Within global governance, a variety of types of actors – not just states – exercise power. Governance is thus broader than government. Global governance began in the mid-19th century. It became particularly prominent in the aftermath of World War I, and more so after the end of World War II.
Key events of the 20th centuryThe 20th century changed the world in unprecedented ways. The World Wars sparked tension between countries and led to the creation of atomic bombs, the Cold War led to the Space Race and the creation of space-based rockets, and the World Wide Web was created. These advancements have played a significant role in citizens' lives and shaped the 21st century into what it is today. From 1914 to 1918, the First World War, and its aftermath, caused major changes in the power balance of the world, destroying or transforming some of the most powerful empires.
PostcolonialismPostcolonialism is the critical academic study of the cultural, political and economic legacy of colonialism and imperialism, focusing on the impact of human control and exploitation of colonized people and their lands. The field started to emerge in the 1960s, as scholars from previously colonized countries began publishing on the lingering effects of colonialism, developing a critical theory analysis of the history, culture, literature, and discourse of (usually European) imperial power. As an epistemology (i.
Land value taxA land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements. It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating. Land value taxes are generally favored by economists as they do not cause economic inefficiency, and reduce inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income.
Tax inversionA tax inversion or corporate tax inversion is a form of tax avoidance where a corporation restructures so that the current parent is replaced by a foreign parent, and the original parent company becomes a subsidiary of the foreign parent, thus moving its tax residence to the foreign country. Executives and operational headquarters can stay in the original country. The US definition requires that the original shareholders remain a majority control of the post-inverted company.
Urban cultureUrban culture is the culture of towns and cities. The defining theme is the presence of a large population in a limited space that follows social norms. This makes it possible for many subcultures close to each other, exposed to social influence without necessarily intruding into the private sphere. Globally, urban areas tend to hold concentrations of power, such as government capitals and corporate headquarters, and the wealthy and powerful people that are employed in them. Cities also organize people, create norms, beliefs, and values.
ColonialismColonialism is a practice by which a country controls people or areas, often by establishing colonies, generally for strategic and economic advancement. There is no clear definition of colonialism; definitions may vary depending on the use and context. Colonialism is etymologically rooted in the Latin word "Colonus", which was used to describe tenant farmers in the Roman Empire. The coloni sharecroppers started as tenants of landlords, but the system evolved so they were permanently indebted to the landowner and were trapped in servitude.
Trade showA trade show, also known as trade fair, trade exhibition, or trade exposition, is an exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products and services, meet with industry partners and customers, study activities of rivals, and examine recent market trends and opportunities. In contrast to consumer shows, only some trade shows are open to the public, while others can only be attended by company representatives (members of the trade, e.g.
Corporate havenCorporate haven, corporate tax haven, or multinational tax haven is used to describe a jurisdiction that multinational corporations find attractive for establishing subsidiaries or incorporation of regional or main company headquarters, mostly due to favourable tax regimes (not just the headline tax rate), and/or favourable secrecy laws (such as the avoidance of regulations or disclosure of tax schemes), and/or favourable regulatory regimes (such as weak data-protection or employment laws).
