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Wednesday, April 26, 2006

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acekard ds

It would be interesting to see the impact of this deficit on countries that depend upon US, UK and the like for their economies. For instance you bring about a good point about US on its way to use more domestic products than imported. Going by what Obama administration's actions are indicating - Protectionism : offered in a different flavor (a truly american way of presenting things) it might also spread its wings to services like IT and ITes. This will impact countries like India & China (for both products & services).However, these countries have a growing local market that can feed their economy - something that Germany does not enjoy. So it would be interesting watch as who emerges successfuly from this wreck - for a change, it would be good to have 3 powers emerging: China, Germany and India - the ecomomical globe will finally have more than two poles!

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