When I have a toothache, the whole world is in pain - or so it may seem. I was
wondering: How global is the global recession?
I examined the following source, which has simple country-by-country
information for the G20 countries, starting with a picture of Christine
Kirchner of Argentina. For each country you find a yes-no coding for the
question: Is this country in recession? - yes-no.
Source: CNN Explainer 01apr09 G20 recessions
RESULT:
Recession = YES: Australia, Canada, EU, France, Germany, Italy, Japan, Russia,
UK, USA
Recession = NO: Argentina, Brazil, China, India, Indonesia, Mexico, Saudi
Arabia, South Africa, South Korea Turkey
Thus the global recession is not global in scope. However, global aggregate
figures show a global recession because the indicators for the core countries
(imperialist countries, as Samir Amin would say) dominate the aggregates.
Gernot
_________________________________________________________________
Internet Explorer 8 helps keep your personal info safe.
http://go.microsoft.com/?linkid=9655581
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
