Andrew Scobell Quotes
China is a global actor without (yet) being a true global power.
Andrew Scobell, Political Scientist, Book Review, Political, Science Quarterly, Fall 2014
Sourced by: Eigen's Political and Historical Quotations
Quoted by Winston Churchill in his January 17, 1952 address to Congress.
The change in perception came as a result of Admiral Dewey’s May 1898 victory over the Spanish fleet in Manila Bay. The United States had bested a European power.
He was right. Before WWII Russia was not considered a very important country in the world, but having emerged from WWII, Russia was stronger than ever and counties like Germany and Italy were in ruins.
If Moody’s downgrades a nation’s bonds, that country will have to pay much more for the money it borrows or the bonds it issues at best. At worst, the country will not be able to borrow any money. Almost all governments have to borrow short term and long term money to cope with cash flow from tax cycles and for many large capital expenditures.