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April 6, 2009
Globalization globaloney
By Sheila Samples
Globalization has turned out to be mostly globaloney. What began as criminal predatory mortgage lending in the United States tipped the world into the first global recession since World War II. The global economy, says the World Bank, will shrink this year for the first time since the 1940s, dragged down by falling demand in the West.
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Globalization has turned out to be mostly globaloney. What began as criminal predatory mortgage lending in the United States tipped the world into the first global recession since World War II. The global economy, says the World Bank, will shrink this year for the first time since the 1940s, dragged down by falling demand in the West.Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.