Wednesday, November 16, 2011

The crisis in the mirror of the Western media: from the Mongolian steppes to Finland

The global economy rules igry13-06-2009 crisis in the mirror of the Western media: from the Mongolian steppes to the Finnish world economic crisis, despite signs of reaching bottom, continues to hit new targets. An echo of a recession and massive layoffs in the financial centers like London and New York, came up to the Mongolian steppes, where ranchers are suffering from a sharp fall in prices for cashmere - wool, from which sew expensive suits, according to Reuters. Demand for cashmere has declined since the investment bankers, lawyers and other representatives of high-paying jobs lost your job or are faced with pay cuts. As a result, the price of this material decreased by 50%. In addition, the economic slowdown in countries such as South Korea, means that tens of thousands of Mongolian citizens working there, started sending less money to their families or even forced to return home after losing a job. Same problem faced by some former Soviet republics (eg Tajikistan, Uzbekistan, Moldova), citizens are going in droves to work in Russia. Downturn in our country immediately affected the cash flow in the direction of our neighbors.

No comments:

Post a Comment