ECONOMIC AFFAIRS: Behind the trade-induced global financial crisis*

The global economic crisis has created civil and political unrest across Europe and the US, while in the Middle East newly educated, angry unemployed youth are bringing down old military autocracies.
World-wide unemployment is 210 million, the highest in history, with the world needing to create another 440 million jobs in the next decade for new workers entering the global workforce, according to the International Monetary Fund. So the world will have to find a total of 650 million jobs in…

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