Brace for Impact
I guess by now everyone who is part of this digital age… Would be worried about the economy…. The stimulus plans have come…. The interest rates have been reduced in some cases to zero…. But its not getting better…. And trust me it won’t…
The past 10-15 years have been years of great cultural ensemble…. Travel restrictions were down… It was easy to immigrate anywhere in the world…. It was a time of globalisation… There were no trade restrictions…. No tariffs… Goods moved freely from one country to another… Not only goods services moved across borders as well…. Outsourcing became vogue around the world…
The only thing constant about time is that it changes… Times are changing… Welcome to a new age of economic protectionism…age of less immigration…
The first salvo was fired by the most economically liberal country in the world USA…The new stimulus package announced by the SAVIOUR OBAMA has a clause of buy US products only…. I say nothing wrong in that….But this would be followed by tit for tat moves by rest of the world…. New age of economic patriotism…
The other consequence of this economic meltdown (I call it that now its no more a crisis. Its moving towards a complete collapse) would be for the migrant workers to go back…. The locals loosing jobs would direct their frustration on the migrants….
Some governments will fall…. Social unrest…. Mass protests….. Are some other consequences..... So brace yourselves where ever you are….
The past 10-15 years have been years of great cultural ensemble…. Travel restrictions were down… It was easy to immigrate anywhere in the world…. It was a time of globalisation… There were no trade restrictions…. No tariffs… Goods moved freely from one country to another… Not only goods services moved across borders as well…. Outsourcing became vogue around the world…
The only thing constant about time is that it changes… Times are changing… Welcome to a new age of economic protectionism…age of less immigration…
The first salvo was fired by the most economically liberal country in the world USA…The new stimulus package announced by the SAVIOUR OBAMA has a clause of buy US products only…. I say nothing wrong in that….But this would be followed by tit for tat moves by rest of the world…. New age of economic patriotism…
The other consequence of this economic meltdown (I call it that now its no more a crisis. Its moving towards a complete collapse) would be for the migrant workers to go back…. The locals loosing jobs would direct their frustration on the migrants….
Some governments will fall…. Social unrest…. Mass protests….. Are some other consequences..... So brace yourselves where ever you are….
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