“THE CURRENT GLOBAL ECONOMIC WOES ARE LINKED TO THE SLOW AND PAINFUL ADAPTATION OF THE DEVELOPED WORLD TO THE GROWING ECONOMIC CLOUT OF CHINA,INDIA,BRAZIL AND OTHER DEVELOPING ECONOMIES.THE ECONOMIC MALAISE IS NOT JUST A CYCLICAL DOWNTURN CAUSED BY EXCESS DEBT,OVER-CONSUMPTION,LOW INTEREST RATES AND LAX REGULATION,BUT PART OF A LONG-TERM STRUCTURAL CHANGE,BROUGHT ABOUT BY GLOBALIZATION AND TECHNOLOGY,WHICH ARE SHIFTING THE COMPARATIVE ADVANTAGE,IN A RANGE OF INDUSTRIES AND SERVICES,TOWARDS THE DEVELOPING WORLD”.

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About tajudeenbakare

A GENTLE,KIND-HEARTED,AMIABLE,KNOWLEDGE-SEEKING,WELL-CULTURED AND WELL-TUTORED INDIVIDUAL.
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