Globalisation Tale.

Globalisation has brought thw world closer  financially.
It is together we prosper.
It is together we fall
This sounds the motto of the policy of Globalisation.


Erstwhile, individual nations,  had their own fiscal formalities, own exim policies and seperate identities.
The weakening of one economy did not affect the other.
The flourishing nation had the means to help the faltering one.
The progress , though was limited,projectedthe rich to become richer.and the poor did not became poorer, but were able to make moderate gains.



With the globalisation, set in an unusual prologue. The overseas inflow of funds baffled the nations, that they did not actually know what to do?They invested in stocks, in bonds , in warrants, unwarrantedly.
Did they do it after much rehersals?
nay they did a haphazard way of collecting wealth.
They did accumulate wealth, but as the sub prime crisis peeved in, the distress sale took over.
Economy became half dead.



Recently, in the U.S stocks were looking bright, but to everybody's dismay, it saw a fall today.Why did this happen?China has raised the interest rate to keep the inflation under control. This move of China got reflected in Wall Street ,provoking the stocks  to fall.
Hitherto, if China raises or lowers the interest , it was not a botheration to the rest of the world. It was its own internal curriculum.


Today, U.S is in a desperate foray. It has also to raise the interest , which Ben bernanke has postponed for a few momths. The economy is back to its leviathan cross mark.

An unforeseen predicament has developed.
What is going to be tomorrow?
Every day has its own tale