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When I have a toothache, the whole world is in pain - or so it may seem. I was wondering: How global is the global recession? I examined the following source, which has simple country-by-country information for the G20 countries, starting with a picture of Christine Kirchner of Argentina. For each country you find a yes-no coding for the question: Is this country in recession? - yes-no. Source: CNN Explainer 01apr09 G20 recessions RESULT: Recession = YES: Australia, Canada, EU, France, Germany, Italy, Japan, Russia, UK, USA Recession = NO: Argentina, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea Turkey Thus the global recession is not global in scope. However, global aggregate figures show a global recession because the indicators for the core countries (imperialist countries, as Samir Amin would say) dominate the aggregates. Gernot Internet Explorer 8 makes surfing easier. Get it now! |
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