Global Political & Economic Dynamics Explained
Global Political Systems
Parliamentary Systems
The United Kingdom, where the Prime Minister is elected by the majority party in parliament.
Presidentary Systems
The United States, where the President serves a fixed term and has distinct powers from Congress.
Authoritarianism
North Korea, where the Kim dynasty has maintained strict control over political life.
Totalitarianism
Nazi Germany, which sought to regulate every aspect of life and suppress dissent.
Competitive Authoritarianism
Russia under Vladimir
Read MoreUnderstanding International and European Law in Germany
What is International Law?
International law is the set of rules generally regarded and accepted as binding in relations between states and between nations.
German Law: An Overview
The modern German legal system is a system of civil law, which is the basic law for the Federal Republic of Germany.
European Law in Germany
When Does EU Law Apply?
Yes, European law is applicable in Germany. When there is a conflict between EU law and national laws of member states, EU law takes precedence.
European Union Institutions
Read MoreEU Legislation: Regulations, Directives, Trade Secrets, Data, AI
Types of Legislation
Regulations: Binding legislative acts that apply in all EU member states to create common rules and standards.
Directives: Set out goals that all EU countries must achieve. However, each country is free to decide how to achieve these goals through their own national laws.
Euro Area and EU Outlook
Despite challenges (war, inflation, energy crisis), the EU has shown resilience and may avoid recession. Key economic indicators to watch include inflation and GDP.
Trade Secrets
A trade
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