The big story of the last 20 years has been a tale of two worlds coming together. While the developed world experienced a decade of growth in the 1990s followed by stagnation and then decline in the 2000s, the developing world saw nothing but growth. The two phenomena are related in the tremendous expansion of credit and general money supply,
The Great Convergence: A New Era Of Globalization
As the world becomes one big economy, struggling nations will rise substantially until the great convergence is complete – not only economically, but politically and socially.