US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms … suggested, while at the same time the majority of the world’s poor had benefited insufficiently from stronger economic growth …

US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms … suggested, while at the same time the majority of the world's poor had benefited insufficiently from stronger economic growth …

industrialzation in Europe and later on in North America changed the pattern of demand in the world market. The two World wars and … Great Depression had shifted the economic power center from Europe to USA. The major political division of the world after … Second World War was an essentially that between the west (led by the United States) and the east (led by the soviet …