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You are here: Home / Interest Rates and the Hidden Cost of Globalization

Interest Rates and the Hidden Cost of Globalization

Young readers may barely remember this, but only a short fifteen years ago or so the world looked much, much differently. The political landscape consisted of two powerful, monolithic assemblies of nations: us – the ‘Free World’ – and them – the ‘Communist Bloc’. The United States and Western Europe formed the bulk of the countries of the Free World while Soviet Russia, Eastern Europe and Maoist China formed the bulk of the Communist Bloc. As to the remainder of the countries which did not belong either to the Free World nor to the Communist Bloc, they were collectively referred to as the Third World – which included those nations such as Saudi Arabia who were aligned with the Free World on Mondays, Wednesdays and Fridays and with the Communist Bloc on Tuesdays, Thursdays and Saturdays. And then there was the Fourth World – also known as the No Brand World – which neither the Free World nor the Communist Bloc wanted to touch with a ten-foot pole.Then somebody in Russia began to whisper the words glasnost and perestroika (it was Gorbachev who started first), then somebody in Germany began to yell Vereinigtes Deutschland and to make a long story… Read full this story

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Interest Rates and the Hidden Cost of Globalization have 333 words, post on ezinearticles.com at December 7, 2005. This is cached page on Vietnam Dance. If you want remove this page, please contact us.

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