The wealth that they accumulated during the colonization of the world is driving their economies for the last one Hundred years. How long it can last? The economic distress in the west suggests that it (free wealth) was exhausted. In 21st century the economies in the west depended upon the following.
1. Cutting edge tech products
2. Selling arms
3. Human capital in the form of hi-tech services
4. Export raw materials
5.
Consequences of Colonization on colonized people.
Showing posts with label What is the real Economic Egnine of West. Show all posts
Showing posts with label What is the real Economic Egnine of West. Show all posts
Wednesday, October 1, 2008
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