Booming Economic Growth?
Posted: Tue 03 Jul 2007, 09:55:12
As a caveat, although I believe in big disruptions from PO, I'm not a doomer, and still hold out hope that we'll get through to the other side without a massive collapse.
Having said that, I'm puzzled by the continued economic boom that has now spread beyond China to India, Russia, Brazil, SE Asia and quite a few other countries. Africa, as always, is a basket case, and Latin America is mixed, but most other parts of the world are growing smartly. I find this hard to fathom in light of high oil prices.
Any thoughts?
Having said that, I'm puzzled by the continued economic boom that has now spread beyond China to India, Russia, Brazil, SE Asia and quite a few other countries. Africa, as always, is a basket case, and Latin America is mixed, but most other parts of the world are growing smartly. I find this hard to fathom in light of high oil prices.
Any thoughts?