Jan 2015
Global economy stays healthy when it flows freely and in quantity. Post 2008 disparate monetary policies across nations has reduced it to a trickle by impounding through rates / regulation in places where seeds of growth were already sown, only to face a liquidity drought . Later in regions where crops needed weeding and insecticides, as financial oversight and punitive action,it was  flooded with excess money . We thus stood  to lose in both regions .
If we had a vigorous international trade going  each nation  would have added its internally circulating economy to contribute to the central current.Indoing so many of the ills of an over circulated internal economy, would have  found welcome relief , be it  fiscal / current account imbalances or poor levels of  employment.But it is precisely when every nation needs to push for greater trade and economic cross flows, most would get back into a shell of trade isolation. In doing this things can only get worse. Through six long years  both growth and inflation has eluded many a nation.Low oil prices and low inflation today are as ineffective for revival  ! Time that  global trade and economy is freed of economic shibboleths of old and fresh understandings  dared. We need newer global saints of economics.