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Global Recession and economic theories





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Where are the Economic Think tanks


One remain surprised as why no convincing reason was given for the sudden global recession that hit the globe early last year to date. I believe the South is getting closer to the North in resouce wise, development wise and that the West has exhausted its natural resources and space to dominate the world market. There are no more colonies in Africa, else where to supply free or cheap raw materials and labour. Globisation is catching up, the Asian tigers are moving at a progressive speed, Africa and latin America is closing up on their hills with new resource opernings and technology. The answer is free trade, globalisation in practice and a new thinking.

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