Global Economy News Blog

Global Village

13th May 2010

Global Village

posted in Blog |

We live in one big global village, what happens to other countries affect other countries one way or another, like what happened during the gulf war, I was still little then, but some way somehow I also felt the effect of the crisis at that time. Now with the global financial crisis which started somewhere in the middle of 2007 and still affecting all of us now, the world is somewhat crippled.

Some banks closed, businesses went bankrupt, big corporations fell, and people’s lives greatly suffered, and these affected not just third world countries but wealthy nations as well.

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