Saturday, May 15, 2010

Changes in the World Economic System

If one looks at what is going on in the euro zone and the Greek bailout, or the U.S, one may sense there are changes in the global economic system.

While the world economy is entering a new phase, the modern nation state seems to be weakening.

The economy is out of balance, and MNCs are becoming more independent of the state.

One may need to understand the dynamics of the events unfolding in light of the bigger picture in historic times.

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