For a while the world was flat, however, its upside down. To understand it , invert your thinking see the developed world as depending on the developing world. The sharp rise in prices for energy commodities, metals and minerals produced mainly in the developing world explains part of this shift that has created the balance of payments surpluses fueling dollar dripping sovereign wealth funds in the gulf and East Asia. We of the developed world paleolithic species are fair game for the upstarts now our predator role exhausted. The US and Europe mat one day need all the charity they can get. To place this inversion in focus it helps to be in Brazil, where winter arrives with the Northern summer and economic optimism as exuberant as the vegetation, increase at the same brisk clip as US foreclosures. Huge offshore oil finds a sugarcane ethanol boom vast reserves of unused arable land mineral wealth and abundant fresh water contribute to Brazil buoyancy. Petrobras which has spearheaded push to self sufficiency from heavy dependence in imported oil, with the last discoveries the oil producer. Like many other big emerging market corporations it's not just sovereign wealth funds that are acquiring first world companies these days.
Sunday, June 15, 2008
The advance upside down by economic in the world
For a while the world was flat, however, its upside down. To understand it , invert your thinking see the developed world as depending on the developing world. The sharp rise in prices for energy commodities, metals and minerals produced mainly in the developing world explains part of this shift that has created the balance of payments surpluses fueling dollar dripping sovereign wealth funds in the gulf and East Asia. We of the developed world paleolithic species are fair game for the upstarts now our predator role exhausted. The US and Europe mat one day need all the charity they can get. To place this inversion in focus it helps to be in Brazil, where winter arrives with the Northern summer and economic optimism as exuberant as the vegetation, increase at the same brisk clip as US foreclosures. Huge offshore oil finds a sugarcane ethanol boom vast reserves of unused arable land mineral wealth and abundant fresh water contribute to Brazil buoyancy. Petrobras which has spearheaded push to self sufficiency from heavy dependence in imported oil, with the last discoveries the oil producer. Like many other big emerging market corporations it's not just sovereign wealth funds that are acquiring first world companies these days.
0 comments:
Post a Comment