Carrie Reinheimer November 18, 2008 4:43pm
Where has the United Stats brought us? It seems like the whole world is following in our foot steps with an economic downturn. The United States may have plunged the world into a sharp economic downturn, but it will take the combined efforts of China and other emerging nations to lead the global economy out of what is likely to be a long and painful recession. That was the view of a number of business executives, government officials and economic experts gathered Monday and Tuesday for a conference on China's role in the global economy. The Chinese economy, for all its success since emerging from economic isolation in the 1980s, was at a major turning point, participants here suggested, that would require a fundamental adjustment in its approach to development. Timothy Beardson, chairman of Albert Place Holdings in Hong Kong and a leading adviser to companies doing business in China, said that China had lost a number of advantages that powered its phenomenal double-digit growth rates of recent years. Chinese officials here, while acknowledging many difficulties, made clear they were convinced that the nation would weather the first real test of its economic resilience since Beijing adopted a market approach to economic development. But they said that China would need to work more closely with other economies, including the United States and Europe, to overcome the current financial crisis.
So why are we bringing everyone down with us. I feel like this is a really weird pattern that the world is falling in. Why are we all falling down and not going up. We need to make progress but it is hard to when everyone is coming down. What is it going to take for all of us to move up the economic ladder? This is crazy that we are coming to this point and we are only going down. So what is going to happen in the future, where are we going to economically. It is scary but real and we need to learn to deal with it.
http://www.iht.com/articles/2008/11/18/business/yuan.php
1 comment:
I completely agree with you. The part that I am most afraid about is that I graduate in a year in a half and I wonder how the economy will effect myself finding a job. I feel that we are feeling the real world more than ever now and we do not seem to be ready for it.
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