Breaking mental models is usually the most difficult thing. Take this term.
Developing world. Usually means the poor countries of the world.
Modern economics lists four factors of production.
Land, labour, capital and entrepreneur or enterprise.
Like this graph shows, the Third World has it all.
The real issue is breaking the dollar standard.
Plus the undefined role of gold in modern global economy.
2ndlook Defines the Role of Gold in Modern Economies
Gold Production & The World Financial System
The 2ndlook Gold Report – 2010
Gold and currencies outlook
- ‘Not like bloody Belgium’ blunder by admiral causes outrage (guardian.co.uk)
- National Ratings – What Is The World Coming to? (quicktake.wordpress.com)
- Lethargy As Opinion (quicktake.wordpress.com)
- Immi-grunts and Assimilation (behind2ndlook.wordpress.com)
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