Mark Garnett discusses the need to focus attention away
from traditional export markets as a strategy for economic
recovery.
Two years ago, investors were questioning the viability of the
Anglo-Saxon capitalist system. With the absence of a feasible
alternative, the leaders of the G20 nations agreed a series of
inflationary measures, the total worth of which was about $4
trillion. With the global economy worth about $50 trillion, it
would have been surprising if the global economy had not
responded.
The growth in the emerging markets rose strongly, and the
developed world was pulled out of a recession, with varying degrees
of success. Any country selling goods and services to the Asian and
emerging market economies have recovered strongly, while those
countries orientated towards the developed world have continued to
struggle. Indeed the US has struggled so much that they have
embarked on a second round of quantitative easing, known as QE2, as
well as extending a
