July 29th, 2010
Published Daily

‘Globalization’s Crisis Was Always Inevitable’

by Rick Ackerman on November 2, 2009 5:31 pm GMT

Far from recovering, the global economy is in the early stages of a protracted and severe downturn, writes The Guardian’s Larry Elliott:  ”But it was always inevitable that, sooner or later, globalisation would run into a crisis, and what we have seen in the past two years is just the start of it. Don’t be fooled by the sucker’s rally of the past six months – Americans are once again running down savings to consume goods they can’t afford; China’s exports are booming.”  Click here  for the full story.

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More on this topic (What's this?)
What is Globalization?
The globalization of "extend and pretend"
The Ubiquity (or lack thereof) of Globalization
Read more on Globalization at Wikinvest

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