#worldbank #2020crisis #firstworld #thirdworld #globalisation #debtbubble #economics #emergingmarkets
Today after going through the early market action in London, I will look at what former World Bank president James Wolfensohn termed the Big Shift in a 2010-speech to the Stanford Graduate School of Business.
My conclusion for the day is that the Crisis of 2020 is one of the big steps along with the older tool of globalisation in shifting economic and political power from the West to East or from the developed to the developing nations.
Former World Bank President: Big Shift Coming:
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