Difference between revisions of "Scenario 1 - Empire with Walls"
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It is 2010 and the world is still battling to recover from the global recession. Most western economies are battling several financial challenges that are occurring simultaneously; deficits, trade imbalances, rising unemployment, company fold-ups and bail outs. At the same time emerging economies like Brazil, China and India are expanding with previous year growth for China at almost 10%. With the suspected likelihood of a second global recession, developed countries establish new regulations, some out of desperation with globalization taking a back seat. Governments intervene in society to provide bailouts for companies, implement tighter financial regulations to prevent another recession and take greater roles in other areas that used to be less government interventionist i.e. the U.S. exercising greater control on health care reforms is being viewed by many as more socialist that capitalist. | It is 2010 and the world is still battling to recover from the global recession. Most western economies are battling several financial challenges that are occurring simultaneously; deficits, trade imbalances, rising unemployment, company fold-ups and bail outs. At the same time emerging economies like Brazil, China and India are expanding, with previous year growth for China at almost 10%. With the suspected likelihood of a second global recession, developed countries establish new regulations, some out of desperation with globalization taking a back seat. Governments intervene in society to provide bailouts for companies, implement tighter financial regulations to prevent another recession and take greater roles in other areas that used to be less government interventionist i.e. the U.S. exercising greater control on health care reforms is being viewed by many as more socialist that capitalist. | ||