Posts Tagged ‘Trade Collapse’

The Best Account of the Financial Crisis

Sunday, December 6th, 2009
International Headlines

International Headlines

I urge you to read “The Great Trade Collapse”, a publication of VOX EU. It is the best account of the financial crisis and the concomitant trade collapse. This is critical to small businesses, as we form the global supply chain. I also recomment that you check out the crisis_timeline for the U.S. and the irctimelinepublic for the rest of the world. If you click on individual events, the links open up to a direct account of what transpired from the host country’s perspective. What is absolutely astonishing in reading this dispassionate account is the careful recitation of events which lead you to the conclusion that our policymakers were blundering their way through this crisis, which actions had devastating consequences not only for the domestic small business sector, but for global trade and, in particular, the most vulnerable of the developing world, whose aspirations were dealt a setback by events beyond their control in Washington and in Wall Street.