Monday, November 17, 2008

Lessons from Global economic crisis

The current economic crisis has taught us three important lessons.

One, globalization has a significant impact on all countries including those that have not opened up completely.

Second, innovation must be based on economic fundamentals. Any irrational exuberance will always come back to haunt us like the present global crisis.

Third, excessive greed will always have disastrous consequences and development and growth must be inclusive and not limited to a few lucky people. To read more, please, visit - The Economic Times

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2 comments:

  1. Highlight of your article is "excessive greed will always have disastrous consequences". This truth should be read by the whole world. Lets think about wall street issues.

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  2. you have a point there...and i also agree that "excessive greed will always have disastrous consequences...."

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