Saturday, August 30, 2008

Growing Economy is a Global Crisis!!

According to some smart people in developed countries many of the current global crisis, such as food and oil are due to change in consumption pattern in developing countries.May be they are partially right!!!But if we see a basic nature of human kind, we would find that we like to grow. We want to put our name on as many things as possible to feel great and powerful. So, if developing countries are consuming more of everything then it is quite obvious, people of growing economy wants to expand their footprint whether others like it or not.As far as people are working towards their constructive dreams others should not have a problem. For years people in developing countries have dreamt of owning a house, car, the list goes on. Now is the time when they have started to achieve those.Developed nations have reached a level which developing nations have just begun to touch. Developed nations have consumed, consume and consume for years. Now they want to stop others and deny their dreams!!On other side nature of the business is such that most of the companies can not survive without doing business with developing countries. They need to cash in on growing economies. They have to motivate the consumption appetite of middle class in developing countries.I don't have numbers but I am assuming that fuel consumption by a fighter plane is way higher then somebody driving a city car in developing nation.There are way too many contradictions in our lives.Nobody from developed nations can deny on basis of global warming, a middle class family in developing nations from buying any product which adds to their comfort. People in developing nations have waited years for such things and I am sure they would buy more and more in coming years. And their buying would keep companies in developed nations going. Purchasing power of growing nations would make sure that people in developed nations have enough money to run their global warming compliant products!!!People in developed nations have started to buy a fuel economical car after seeing the price increase, not because they were worried about global warming.But after all these, I believe that we all will still keep growing amidst crisis. We will create more problems and these problems will keep us busy in finding their solutions. Life will go on!!

2 comments:

Vishesh Agrawal said...

Look what marriage has done to you!
You've become an economist :-)
What happened to poetry and mush?

Anyways, you are Back. Hello Back!

Harshal said...

economist for sure. Started financial learning this year. :-):-)