Washington Post, Feb.1, 2010 on page A8:
With China and India spurring the global economy,Chairman of Wipro in India predicted that the difference between growth rates between the developing and developed worlds are increasingly going to become larger. The result would be more aggressively invest in emerging markets in order to maintain their own growth, which will be good for the emerging world.
Comment: Global context must be noted in the 21st century.
Yunus won the 2006 Nobel Peace Prize said that this is a good time to redesign the entiore financial sytem.
Comment: It is not hard to say but it is difficult to carry it out due to vested interests of various nations.
Francis Shieh aka Xie Shihao watching the happening in economics on Feb. 1, 2010.
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