Dear all, This is not only a financial crisis, but a global economic depression, which could be compared with the Great Depression in 1929. Thus, its effects are not limited within some countries but all countries in the world, with no exception. The more integrative a country is, the worse effects the country is suffered. This principle is clearly undeniable. The remaining problem is how serious the crisis affects your country.
My country,Vietnam, joined WTO two years ago, in Dec 2006. It means Vietnam is at a high level of intergration, and therefore be affected seriously from the depression. Everyone can easily realize the difficult situation. The inflation has been increasing rapidly while the production has been decreasing sharply. These have been pushing most businesses, manufactures into extreme difficulties, even bankruptcies. Workers, staffs are being dismissed, unemployment is becoming more serious than ever. For fresh graduates, even those from famous universities, finding a good job in this period of time is really a difficult task. I am a practical example ^_^ Some friends advice me to futher my education instead of looking for a job in such situation. It's quite reasonable. Period of depression is the time for people to stop working, take a rest and gain some more education. This is the plan that I'm pursuing and I even don't know how far I could go. Hope to hear more of your opinions! Cheers, Nam ----- Original Message ----- From: [EMAIL PROTECTED] To: Google Group Sent: Wednesday, November 26, 2008 5:09 PM Subject: [ESL Podcast] Q.Week #40: How is the financial crisis affecting you and what are you doing about it? Question of Week Number 40: How is the financial crisis affecting you and what are you doing about it? Ed. Group Administrator Note: "Question of Week" is a weekly question made for you improve your English without concern about mistakes. No matter if you write short or long message, what matter is that you write and give your view point on the subject. Suggestion are welcome, send a email to [EMAIL PROTECTED] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ESL Podcast". To post to this group, send email to: [email protected] or just reply this message For invite your friends, visit: http://groups.google.com/group/eslpodcast/members_invite Know how help us, visit this FAQ at: http://groups.google.com/group/eslpodcast/web/frequently-asked-questions -~----------~----~----~----~------~----~------~--~---
