The impact of World Economy

As we have witnessed the unprecedented growth in year 2007, we are also experiencing unprecedented growth of inflation all over the world in addition to unprecedented hike of crude oil. Now, the question is can the global economy sustain the economic volatility? On the other hand, USA is hitting by sub-prime crisis which aggravate the economic wound further. No one can tell you or predict if the global economy could recover from it within the specified timeframe. Of course economy could recover but when? Will it cross section with high inflation that cause by shortage of food and great demand of oil? If yes, we must work together to develop a get-well-plan else we will face economic and social turmoil in no time. Following are some of the causes that put the global economy into risk.

1) Rising oil price (hitting US$130 per barrel or more)
2) US subprime crisis may take at least 5 years to recover
3) Shortage of food
4) Inflation due to high crude oil price
5) World disaster that hit on agriculture countries
6) Most importantly, global warming

How can we reduce the impact and improve the current situation? Subsequent are some recommendations that everyone could help

1) Always adhere to green policy and use energy saving equipment
2) Continue to spend with cautious else the economy will shrink and lead to massive layoff whicn in turn further shrink the economy. This is a cyclical process.
3) Reduce the consumption of meat because the amount of grains used to feed the animals are far more greater than humans consume. If we take less meat, we can use the grains to feed more people and control the rising cost of food.
4) Reduce the dependence on petrochemical products. Reduce the electicity consumption or look for alternative such as solar energy.
5) Stockpile more grains in case of emergency such as natural disaster.
6) Comply with green policy or global warming policy. Reduce the CO2 release and stop using LEAD products.

These are merely some of the recommendations that we could play our part to protect the earth and mankind. If we ignore, we must prepare to face the consequences from the nature.