Katrina Shankle/ Feb. 8, 2008/ 11:17 a.m./ Global Economics
Two highly discussed topics at the World Economic Forum in Davos, Switzerland this week was the spread of terrorism and the continuation of the negative effects the United States' recession is having on the global economy.
The president of Afghanistan, Hamid Karzai, warned that the extremism that had engulfed his country with terrorism might soon spread throughout the world like "wildfire". Extremism took the place of the Taliban which was ousted six years ago.
The other major topic of discussion at the forum was once again the United States recession. The United States is still attempting to recover from the woes of the mortgage crisis. The forum holds the argument that the United States has kept interest rates too low for too long. The slump of the stock markets have many fearing that it will breed political turmoil.
Some have suggestions on how to cushion the blow to the global economy of the U.S. recession.
Russian finance minister Alexei Kudrin suggests that countries with large gold and currency reserves such as Russia can help the world weather the global economic recession. China also believes it will have no problem suffering the slowdown.
Other issues discussed at the forum included dealing with climate change, implementing a peace process in the Middle East, and adjusting to the now borderless world of social networking.
http://www.cnn.com/2008/WORLD/asiapcf/01/23/afghanistan.terror.ap/index.html?iref=newssearch
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