Can the world survive without the US Economy?

By Nic
@academic2 (7009)
Uganda
October 30, 2007 9:05am CST
Take this unlikely senario, can the world survive withou a US economy? You all recall times one lowering of interest rates by FRB would tamble the values of world currencies like a park of cards-today, can the world economy survivie if the US economy collapses?
1 person likes this
4 responses
@williamjisir (22900)
• China
30 Oct 07
Hello academic friend. Well let's think about this question in a similar way or in a way just like the saying, "without a sesame, the cake is still going to be made." hehe
@academic2 (7009)
• Uganda
7 Nov 07
'without sesame, the cake is still going to be made' indeed! thanks williamjisir!
1 person likes this
• China
7 Nov 07
Hello academic friend. Thanks so much for the best response. I appreciate it very much. Good night.
@try32ends (207)
• India
18 Feb 08
US is a huge place when it comes to making economic decisions and gaging economic impacts of a possible recession. But I feel that the whole world needs to be a bit more cautious and not give in completely to the scare. There are rising economic powers in the world and a shift in the focus of investment may and will yield benefits. Diversification is probably one way of countering the probable slide, as far as the industries are concerned. To cut it short, I fell the entire world has enough potential to exist during and after a slumbering US economy. One only needs to explore the right paths.
@rookiekan (883)
• China
5 Nov 07
as we know ,USA is the most important country in the world .nowdays no country could replace the position of the USA .autually ,the world like a family,no one could survive without the family 's support
@jillmalitz (5132)
• United States
30 Oct 07
Hum...I wonder. I just saw a news report this morning about the devaluing of the US dollar. The dollar is a lot lower than just about all of the other world money. This is making it cost more for Americans who travel overseas on business or vacation. It also makes it easier for foreigners to invest and buy our companies, real estate and other investments. Good for them bad for us.