Tuesday, November 8, 2011

Udon Thani, Thailand to Clemson, America: Cycle of Poverty OWS


From Udon Thani, Thailand to Clemson, USA, the measure of poverty or the cycle of poverty is the same in rich countries like America to the Upper Middle Income countries like Thailand. The OWS (Occupy Wall Street) protest to the flooding of the streets of Bangkok, the model of development is the same all over the world.

"Shadow Banking" or what ever you want to call it is the same all over the world from China, Thailand to America a vicious cycle that never ends. Even if you throw education into the mix of variables in the regression framework the data turns out the same, wrong model OLS (Ordinary Least Squares). Or shattered dreams...

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