Above photograph is a real crime scene: one of the murders done by Richard Trenton, the notorious serial killer.
You must be wondering why I have placed this scary picture in my blog with is related to the world economy.
Like in social world we do have serial killer in financial world which is silently destroying our economic spectrum. Slowdown now again shown its impact when the Global economic crisis influence the West African nations to push back their plans to launch a single currency this year, now the new launch date for regional bloc is in 2015.
This new economic bloc will have Ghana, Guinea, Nigeria, Gambia and Sierra Leone; the introduction of common currency in west Africa, would be comparable to the European currency, however at the present this procedure has experienced frequent setbacks and shown sign of worries related to the approach of member nation to their plan.
Like European Union some other economic alliance came into picture similar to one as mentioned here; any unpleasant news will certainly raise the questions on the future of these alliances. The biggest economic bloc BRIC remains ineffective since its inception also raise doubt on the serious planning by these nations toward common growth.
Above news summary is another indicator that still, the nations of the world does not understand the interdependency of all developed and developing economy. In my opinion the developed nations especially European union along with other large economy must support and bail out small economic blocs those are directly effected with the slum and can rescue developed countries if get the right support within time. Delay in the decision by the West African nations in not in the favor of other regional economies.
You must be wondering why I have placed this scary picture in my blog with is related to the world economy.
Like in social world we do have serial killer in financial world which is silently destroying our economic spectrum. Slowdown now again shown its impact when the Global economic crisis influence the West African nations to push back their plans to launch a single currency this year, now the new launch date for regional bloc is in 2015.
This new economic bloc will have Ghana, Guinea, Nigeria, Gambia and Sierra Leone; the introduction of common currency in west Africa, would be comparable to the European currency, however at the present this procedure has experienced frequent setbacks and shown sign of worries related to the approach of member nation to their plan.
Like European Union some other economic alliance came into picture similar to one as mentioned here; any unpleasant news will certainly raise the questions on the future of these alliances. The biggest economic bloc BRIC remains ineffective since its inception also raise doubt on the serious planning by these nations toward common growth.
Above news summary is another indicator that still, the nations of the world does not understand the interdependency of all developed and developing economy. In my opinion the developed nations especially European union along with other large economy must support and bail out small economic blocs those are directly effected with the slum and can rescue developed countries if get the right support within time. Delay in the decision by the West African nations in not in the favor of other regional economies.
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