Posted on Tuesday, 15th November 2011 by Vanessa Miller
I just loved this article. It really sets the stage for whats going on in the worlds ecomony. When think about it nobody is really stepping up and taking charge. It used to be the Old U.S.A. but not anymore. Maybe thats the whole problem. Give it a read and youll see what I mean:
There was something fitting about Greek Prime Minister George Papandreous reckless call for a referendum on the latest rescue package for his country. World leaders gathering in Cannes for a G-20 summit face stark realities. The global economy is faltering, and no country has assumed leadership in organizing recovery.
There is a loss of control, a vacuum of power. Papandreous disruptive decision now apparently withdrawn symbolizes this larger erosion of collective purpose. The world economy is adrift. We are moving from Globalization 1.0 to Globalization 2.0. In Globalization 1.0, countries benefited from expanded trade and worldwide technology transfers. From 1980 to 2010, global trade volumes grew fourfold. Countless millions were lifted from poverty; new middle classes arose in Asia and Latin America. In G
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