I agree with the globalization effect remark. Also I think poor/middle-class in West will also suffer. Will that effect politically to bring protectionism? I think that will depend of how deep the recession will be. Whether the policy-makers will throw good money after bad or will allow the bad banks/institutions to go down and let the stronger ones take-over?
The present attitude is not encouraging. thoughThat's why Inspite of throwing almost 3-4 trillion of good money, the markets are still punishing. Let's see. - Pradeep Kabra
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Re: Tough times ahead. India and China will suffer more in my ( guarded ) opinion while the poor countries in Africa will get poorer. The world is now so tightly linked through Globalisation. It is like a human body, you prick the base of your foot with a pin, the whole body gets disabled! - Aslam Merchant
The present attitude is not encouraging. thoughThat's why Inspite of throwing almost 3-4 trillion of good money, the markets are still punishing. Let's see. - Pradeep Kabra
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Re: Tough times ahead. India and China will suffer more in my ( guarded ) opinion while the poor countries in Africa will get poorer. The world is now so tightly linked through Globalisation. It is like a human body, you prick the base of your foot with a pin, the whole body gets disabled! - Aslam Merchant
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