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October 26, 2008


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This reminds me of the whole crisis in 1982. I was not there then, but I understood that seems to make somewhat similar , especially when prices of raw materials seems to be dropped. I'd love to hear what you think of this situation compared to past crises and the role the IMF plays now compared to then.

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Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
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I guess that emerging markets will go unaffected. Instead, it will be powerhouses that are going to be hit most sharply.

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