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"It
just gets worse"
The
Economist, August 20, 2001
Synopsis:
This article discusses the current economic slowdown that has
increasingly become a global phenomenon. In addition to Japan
that is almost certainly in recession, other Asian countries including
Taiwan and Singapore are heading for recession or already in recession;
The economic slowdown in the U.S. has already affected neighboring
countries, especially Mexico that is now in the third quarter
of recession; Most euro-area countries are also facing similar
situations. This article also explains how the coincidence of
timing in economic slowdown across the industrial world affects
emerging-market economies and the future of the global economy.
Full-text
Article: http://www.economist.com/agenda/PrinterFriendly.cfm?Story_ID=747609
Text connection:
Chapter 1 "Globalization" (pp.5-13).
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