The purchasing power of commodities exported by poor nations in the year 2000 were 40% of their

May 9, 2015

The purchasing power of commodities exported by poor nations in the year 2000 were 40% of their purchasing power 30 years earlier and Professor Lester Thurow estimates their price to collapse another 60%.

 

Source: Smith, J.W., Economic Democracy: The Political Struggle of the Twenty-First Century, 1st Books Library, IN, 197 See Thurow, The Future of Capitalism, 67

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