Friday, August 20, 2010

History of the world economy

Some who are convinced of the infallibility of countries and regions never believe when I mention economic history of the world, its cyclic nature and winners and losers of the past. So when I came across this, I thought I'd post it for anyone who needs convincing. I think the important lesson is "every dog has its day". Important to be humble when you are successful. Someone will beat you, its only a question of time.

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