Succinct remarks about Economics at the spur of the moment as a senior.

1. The 20th century economics of prosperity would be modified as the result of global financial crisis. However, the arguments, the logic, the predictions and the rhetoric would practically the same.

2.The fundamental changes in the developed nations are different from those in the developing countries by virtue of lifestyles of the folks with customs and tradition as behavioral science.

3.The decline of manufacturing as a provider of wealth in developed countries may be transformed to developing nations by the management due to obvious labor cost for maximizing profit.

4.Political economy would be in evidence with the market push as the integration to optimize the public and private sectors for solid union in terms of efficiency and effectiveness.

5. Economics with the real-world awareness in serving the society would be outstandingly evident in the 21st century. Young population and the new workforce would demand continuing training and retraining via communities as grassroots of economic development. Micro to Macro in nations for globalization.

Francis Shieh a.k.a. Xie Shihao,an octogenarian guru and a lifelong learner of the ongoing happenings from empirical evidence re etiology. July 30, 2009.