GDP of a country gives some idea about how well it is doing in terms of production. In the last two centuries, Western economies overwhelmed others by far. In the 1950s, US and Europe combined made up 60% of world economy. That’s not counting Canada, Mexico and Australia. If we look at the fractional share [...]
Archive for April 19th, 2011
World economy is shifting away from the West- a graphic story
Posted in Business, India, Investigation, Mosque, Politics, Science, west, tagged brazil, BRIC, China, Economy, islam vs west, Russia on April 19, 2011 | 1 Comment »
High prices of oil are partly due to low production
Posted in Mosque, News, tagged crude, oil, petrol on April 19, 2011 | Leave a Comment »
There are three factors driving crude prices higher. 1. NATO led War against Libya means a major supplier is unable to supply any oil. 2. Nuclear crisis in Japan makes people nervous about future of nuclear energy- especially in earthquake prone regions. But that’s not all. 3. Production of oil in the US are low. [...]
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