Difference between revisions of "Stalemate"
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It took 10 painful years for the world to recover completely from the subprime crisis of 2008. While the west was recovering from the financial crisis, the Chinese and the Indians raced ahead with growth. Today the Chinese GDP is head to head with US and European GDP. India overtook Japanese GDP 2 years ago and continues to inch closer to US and EU. China is the largest green house gas emitter accounting to close to 30% of global emissions, US emits about 25% and India follows at 20%, of the global green house gas emissions. It is incredible to see that the environment has actually paid the price of re-emergence of global economic well being.<br><br> | It took 10 painful years for the world to recover completely from the subprime crisis of 2008. While the west was recovering from the financial crisis, the Chinese and the Indians raced ahead with growth. Today the Chinese GDP is head to head with US and European GDP. India overtook Japanese GDP 2 years ago and continues to inch closer to US and EU. China is the largest green house gas emitter accounting to close to 30% of global emissions, US emits about 25% and India follows at 20%, of the global green house gas emissions. It is incredible to see that the environment has actually paid the price of re-emergence of global economic well being.<br><br> | ||