Is the Global Economy in Trouble?
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Is the Global Economy in Trouble? Fueled by technology and a strong U.S. dollar, world economies grew rapidly and became more entwined. But then the engine ran out of gas. The U.S.' economy was fueled by a roaring high tech industry, for five years it was booming and growing. Everyone who was anyone wanted a piece of the Internet, but then the consumers decided that they had all of the gizmos and gadgets that they needed. After the high tech industry fell the auto industry began to go into a slump, and household debt had increased dramatically. In Latin America Argentina has had many crises' with debt, and they also have had a government facing unpopularity in the streets. Mexico's economy has grown very closely tied to the United States' economy, and along with all of these problems Mexico was recorded as being in debt $167 billion in 1999....

