Friday, May 12, 2006
Inflation Threat Not Killed by Globalisation
Independent Online: Globalisation: how the new shift of power is affecting inflation
This article reports on an IMF Paper. As the Chinese, Russian and Indian economies are integrating into the world economy, economic power is shifting because of (1) the impact of high oil prices on global imbalances and (2) the relationship between globalisation and inflation. The upshort is a sharp fall in the Dollar; divergence between goods inflation and services inflation; and further commodity price inflation.
Posted by talking rot @ 12:13 PM (210 views) Add Comment
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