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Old 12-03-2008, 11:00 AM
  #21  
alvrb211
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Originally Posted by ToiletDuck View Post
It's true the US has been losing "market share" with the world since the 80s. This was actually done on purpose. At some point you need to have people to trade with or you won't have anything at all. By helping other countries develop and utilize their natural resources the US has been directly responsible for global growth and civilization advancement. Overtime is almost guaranteed that things will continue to equal out more and currencies will balance out. However don't think one of them can just plummet without sending ripples across everyone else. Even a massive drop in another foreign currency could hurt the US with all of it's international interest. One of the advantages of globalization is that it keeps the developed countries on the same page. If any of those countries were to go it'd be felt across the board.

True. The theory is that with globalization, peaks and troughs will be further reaching around the world but they should be "shallower". Of course, the current situation is the result of many additional factors. It's all about global north nations. Global south nations are too far behind.

If there's one thing the US needs right now it's a new administration.

AL
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