Archive for February, 2010
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Globalization: The Twilight
The economic crisis, which started with banks, is now expanding to governments: several European nations could possibly default on their obligations, and the creditworthiness of others is being questioned. So far, the current crisis has been compared to the Great Depression, and remedial measures have been designed accordingly. But other forces and processes are probably at work, connected to the globalization drive of the last three decades.
