IMF, America and global wealth
There is no country in the world, no, not even North Korea, that isn’t dependent, in some way or the other, on America’s mighty economy. The belief that America’s “sneeze” travels a long way is all-pervasive. This is why Obama’s election campaign was followed with bated breath, and every promise he made about the economy, bailout packages, environment, education, outsourcing, healthcare, ethical governance, addressed some deeply felt need in everyone hoping for a better tomorrow.
According to the IMF it is not a good option for developed countries to revert to their old ways of spending as the economy of the world is still fragile. However now they should look at spending in a thriftier and cost effective manner. One should also counteract any and every potential chances of a downturn in the values of property of that nation. Nevertheless as the financial market grows every day, the benefit to man, especially the common man grows as well.