Global Recession-2012

Recession is going to grip the world once again according to the United Nations. The global economic growth will slow down in 2012. And this time round, even powerhouses like India and China will not be able to recover the situation like it did last year. “World Economic Situation and Prospects 2012” report has shown a gloomy picture when it comes to the global growth. The growth is reported to be only 2.6 percent as compared to the year 2010 when it was 4 percent.

The year 2012 is a ‘make-or-break’ year for the global economy

The year 2012 is being as a ‘make-or-break’ year for the global economy. It will continue to grow at a slow pace. According to the UN report, following two years of anaemic and uneven recovery from the global financial crisis, the world economy is teetering on the brink of another major downturn, and the risk for a double-dip recession has heightened”. The factors which are responsible for such a gloomy situation are many and varied. The policy makers particularly those in Europe and United States have been unsuccessful in addressing the job crisis. They have also failed to prevent sovereign debt crisis and the vulnerability of the financial sector has increased all the more. This has put a greater risk for the global economy in 2012-13.

The UN report affirmed that this global downturn is also a result of continual flaw in major developed economies. After the recession period of 2008-2009 most of the problems are left unsolved. It has also been noticed that most of the developed countries Governments have arbitrarily switched from fiscal stimulus to premature austerity measures. This has put additional pressure on the global economy which is already weakened by high unemployment.


2 thoughts on “Global Recession-2012

  1. Pingback: Batten down the hatches…The Storm isn’t over yet…. «


    High Tech Mineral Applications= HMA (KOO) has been derived from his dedicated geoscientific technological work for some 50 years on all kinds of “natural minerals”.

    HMA(KOO) has been using the two words “natural minerals”, simply natural minerals, to mean all natural materials that had been created to form the Earth.

    2]] Natural minerals had been formed not only as the constituents of the Earth, but also as the naturally ready-made and gifted functional materials for humankind to explore, develop and utilize responsibly and righteously on the Earth.

    Since its beginning, human industrial civilization has been thus relying heavily on natural minerals.

    It has been continuously pursuing its own advancement as closely as possible towards certain ultimate contemporary high tech edges.

    II-3]] HMA(KOO) has been relying on the inherent high tech geoscientific functional capabilities of natural minerals.

    Those capabilities originate from all the original subatomic, atomic and molecular compositional and structural components of individual natural minerals.

    4] Specific high tech mineralogical functionality can be characterized uniquely by the following:

    Not only each individual but also any combination of several thousand species and numerous subspecies of natural minerals known to date on the Earth.

    Consequently, all kinds of desirable high tech functional capabilities can be established almost endlessly.

    It can be done even more than enough for humankind’s current and future productive practical applications.

    III-5]The high tech functional capabilities can inherently perform simultaneously highest possible economic and holistic sustainable environmental productivity.

    Based on those natural gifted mineral capabilities, therefore, all humankind can also achieve superlative high tech industrial operations.

    They can also ensure the highest possible productive economic and holistic sustainable environment.

    IV-6] Nevertheless, natural minerals have never been the principal targets yet to date for those high tech, economic and environmental exploration, development and utilization.

    Rather, all primary mineral producing and higher order manufacturing operations have been focusing on their conventional targets.

    For an intense partiality, the targets have been on the extraction and utilization of only some select minor or trace constituents of natural minerals.

    V-7] Furthermore, those operations have been consuming always remarkably huge amounts of the valuable natural minerals.

    They have transformed those natural minerals largely into enormous toxic, often life-threatening environmental waste piles.

    These piles have been left widespread in numerous parts of the world on the Earth.

    VI-8] For the past half century, all the conventional mineral-related operations have been facing troubles consequently.

    They have been causing all kinds of scientific technical, economic, environmental and many other problems locally, nationally or globally throughout the world.

    VII-9] Nevertheless, they have been striving hard to achieve their best possible high tech-edged economic- financial and environmental productive gains.

    Their best gains may be represented to date perhaps by the mineral operations for the metal gold.

    10]That metal has been out-loudly traded between $1,500-2,000 per ounce in the global markets for some time recently.

    However, its apparently high gain rates should be correctly understood.

    When translated, they correspond at best to $500-$1,000 only per ton of natural gold-bearing minerals consumed.

    VIII-11] The harvest rates per ton of natural minerals can be taken as the straightforward, yet significant, quantitative productivity indicators.

    They can easily reflect the comprehensive integrated high tech, economic and environmental efficiency rates of various mineral operations.

    IX12] The rates of high tech mineral applications have been estimated commonly to be much higher by order of magnitude than those of gold metal operations.

    If internalizing all detailed costs, furthermore, the comparative assessment of the rates may show much larger differences between the conventional mineral operations and the high tech mineral applications.

    X-13] Relying only on much less gain rates than those of gold, the conventional mineral operations have been extracting all other minor or trace constituent metals and nonmetals from natural minerals.

    Although popularized recently so-called as the special materials of absolute high tech necessity, the rare earth elemental (REE) extract metals haven’t been any exceptions at all.

    Superlatively alternative high tech, economic, and environmental natural minerals can be identified to replace the conventional REE metal extracts directly.

    XI-14] All the conventional REE metal and other partial extracts can never hamper any genuine high tech industrial developments in any countries of the world.

    No doubt, this is contrary to many conventional notions and expectations.

    XII-15] All metals and nonmetals can perform their own unique valuable functional capabilities individually and synergistically.

    However, these capabilities can be most effectively recognized and utilized when the metals and nonmetals remain intact all together within their original molecular frameworks of natural minerals.

    XIII-16] The absolute total amounts of nonrenewable natural minerals are undoubtedly limited by the definite size of the only one Earth.

    Within the limit, however, the high tech economic environmental sufficiency of natural minerals can be still fulfilled, even for numerous generations of humankind.

    17] That task can be achieved while using the smallest possible volumes of natural minerals.

    Furthermore, all the different species and subspecies of natural minerals can be used as much evenly as possible.

    XIV-18] Natural minerals can be made available sufficiently as long as sought and used only as high tech economic environmental materials at all times throughout the world.

    Reversely, however, the same natural minerals can turn quickly to the materials of serious shortage as soon as heavily demanded conventionally.

    XV-19] Preferably, all conventional mineral industrial sectors should be advised to transform themselves henceforth without any hesitation.

    Thus, they all can emerge successfully as the principal members of new high tech industrial clusters locally, nationally and globally throughout the world.

    XVI-20] They have been causing all the current economic-financial turmoil to grow from their fragile productivity throughout the world.

    The turmoil has prevailed already for years throughout many important industrial operations of the world.

    XVI-21] For the past few decades, however, human civilization has been enlightened progressively enough.

    It has been seeking ways for all humankind to achieve the best possible contemporary life standards in the world.

    XVII-22] Even at the levels of mineral gold, or of the top-notch items of currently so-called high tech electronic products, however, the conventional industrial productivity hasn’t been capable enough.

    Thus, it has not been able to serve properly all the current humankind’s new critical demands.

    They have been put forward seriously according to the urgent needs of current new human civilization.

    XVIII-23] High tech mineral applications’ alternative operations (HMA- KOO) can be ready to help improve or even replace all the conventional operations.

    All the current energy, mineral resources, information communications and all other industrial enterprises should be the targets for the alternative operations.

    These conventional mineral-related industrial market sectors together have been manipulating, often unscrupulously, almost half the Gross World Product (GWP) of about US-CAN$60 trillion.

    XIX-24] HMA(KOO)-based superlative alternative high tech products can be made available readily.

    They can include, above all, new solar natural mineral energy cells(SMEC)-panels(SMEP), light-emitting natural mineral diodes(LEMD), information-communications natural mineral applications(ICMA) and many others.

    These genuine high tech prime alternative production operations must be implemented urgently at all local, national and global scales throughout the world.

    XX-25] Then, they can create numerous programs to open new high pay jobs, vitalize new highest productive economies, and establish a new fresh sustainable environment locally, nationally and globally throughout the world.

    Finally, a genuine new advanced human civilization can be established for a permanent peaceful prosperity locally, nationally and internationally throughout the entire world on the only one prolific and habitable planet, the Earth.

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