Thursday, March 6, 2008

Decoupling, The Economist version

You can say you read it here first, almost point by point (you did, didn't you?)... But my, oh my, The Economist says it so much more nicely (and with all those numbers and pretty graphs). In a nutshell: decoupling is not only alive and compatible with globalisation, but is, in fact, an offshoot of globalisation, of its effects on domestic consumption and investment in developing economies, and on the new trade relationships this growth in domestic demand allows between these economies. The part I missed was the one about increasing domestic productivity. Oh, well, thankfully I kept my day job.

It's not just me, now: it's The Economist. I feel in good company!

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