Sunday, August 8, 2010

Rich and Poor Nations

The global economic imbalance was inevitable because it was just the reflecting human behavior. The poor, if they have any surplus will try to save, especially the women. The rich, mostly living in the first world being credit worthy would even go into debt. Now if there was a lively global trade and investments going on, aggregate the individuals, families and businesses, the result are all these imbalances. Of course governments especially in East Asia also often seize the opportunity to entrench it so that they feel more secure and better positioned to protect their political and national power.

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