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Resolving the Global Economic Crisis
“Solving the Global Economic Crisis requires the involvement and participation of Emerging Nations.”
The Quotations of Slim Fairview
Before the global economic crisis can be solved, the problems of emerging nations must be addressed—
by the emerging nations themselves. They must take charge. Autonomy = Equality. Therefore, the first
three things that must be done are to establish the following:
Emerging Nations Economic Union
Emerging Nations Economic Unions
Global Consortium of Emerging Economic Unions
Areas I’ve discussed in Emerging Nations Economic Union involve a combination of Cash Payments +
Capital Investment for by Industrialised Nations that want to do business with Emerging Economies.
Cash payments plus capital investment This will result in declining foreign direct investment over time as
revenues increase from various sources, enabling each emerging economy to move toward autonomy.
Autonomy = Equality.
Capital Investment should be spread throughout each nation and among a variety of sectors and
industries. For example:
Private: Oil, Solar, Hydroelectric
Public: Government owned or regulated monopolies E.g. utilities (Public Utilities) analogous to our old
Phone Company, “Ma Bell”.
Emerging Nations can best be served by establishing a Nation to Nation Exchange; a marketplace for
doing business with the nations in the Emerging Nations Union--an exchange, not unlike the Stock
Exchange for Representatives from industrialised Nations and Representatives from Emerging
Economies to meet and to negotiate transactions.
III. CRUCIAL TO SUCCESS
1. Emerging World Bank. This is to handle financial transactions a monetary transfers in trade and
2. Emerging World Monetary Fund. This is to bring funds to activities in the various emerging nations
through MicroFinance and other programmes.
3. Emerging World Council. This is to provide a legal framework and structure and to serve as The
Legal Entity for relationships with other legal entities and structures. For example: for dealing with
The World Bank
The World Court
The World Health Organisation
This enables emerging nations to speak with a collective voice and to have the clout of those who
represent more than 2,000,000,000 (Two Billion) people in addition to the resources and natural
resources rightly belonging to the more than 2,000,000,000 people who live in the countries of the
Emerging Nations Economic Union.
This is a new version of the law of large numbers. In this version:
“You represent a large number of the world’s People, therefore you participate in making the laws.”
Emerging World Court: This is to resolve disputes among the Emerging Nations and to resolve other
matters as established and agreed to at the Emerging World Council.
IV. Benefits to Emerging Nations
With the four legal entities established
Emerging World Bank
Emerging World Monetary Fund
Emerging World Council
Emerging World Court
Several Emerging Nations Economic Unions having been established
A Union of Emerging Economies Union having been established
The Emerging Economies can begin to benefit from size and co-operations with
More negotiating power
Better Global Organisation
Better Long term strategic planning
Better results for a better life for more and more people.
V. Who and Where are You?
This is for the emerging nations to decide for themselves. This worked for The European Union (Do not
adopt a single currency); It is in evidence as China attempts to embrace Western Asia; It may include the
Middle East as OPEC attempts to protect future oil revenues; It is being planned for Eastern Europe with
President Putin’s plan for a Eurasian Economic Union; and can be vital in Asia, Africa, and in Latin
America. And do not forget NAFTA.
At the conclusion of my report on Economic Development in the Slate Belt area of Pennsylvania, USA 13
years ago, I issued this stern admonition to my fellow Slate Belt Citizens. I warned them of the results of
our failure to act. I said,
“If we don’t do it, others will. However, they won’t do it for us, and they won’t do it with us, they will do it to
Now is the time for Emerging Nations to form their Emerging Nations Economic Union and a Union of
Emerging Economic Unions.
Form Follows Function—Bauhaus.
Slim Fairview, “If you can’t sit on it, it isn’t a chair. However, just because you can sit on it, doesn’t mean
it is a chair.
“If you can’t eat it, it’s not food. However, just because you can eat it, doesn’t mean it is food.”
An Old Chinese Saying warned of this: “Never underestimate the power of a symbolic gesture.”
Slim Fairview: “Remember, the power of a symbolic gesture resides with the person making the
People Can’t Eat Symbolic Gestures.
VIII. Additional Reading.
“And President Obama Said….” An article about the success of China and American Exceptionalism.
“Emerging Nations Economic Union” About the need to establish an Emerging Nations Economic Union
and the tricks used by Industrialised Nations to exploit Emerging Nations