If the current global recession gets worse, which countries or regions will it destabilize? Is there a way out?

Posted by David Ignatius on November 24, 2008 7:29 AM


Miklós Vámos is a Hungarian novelist, screenwriter and talk show host. He is one of the most read and respected writers in his native Hungary. He has taught at Yale University on a Fulbright fellowship, served as The Nation’s East European correspondent, worked as consultant on the Oscar-winning film Mephisto, and presented Hungary’s most-watched cultural television show. Vámos has received numerous awards for his plays, screenplays, novels and short stories, including the Hungarian Merit Award for lifetime achievement. The Book of Fathers is considered his most accomplished novel and has sold 200,000 copies in Hungary.

'Middle Class' Nations Will Suffer the Most

Expect the "middle class" of nations, including those in eastern Europe, to be hurt the most by the recession.

Miklos Vamos Budapest, Hungary | 5 COMMENTS
Nov 24, 2008 at 12:23 PM
Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. He is the co-author of several books on trade conflict, resolution of international trade disputes, conflicts in letters of credit, trade-related banking transactions, sovereign debt, arbitration and dispute resolutions and publications specific to the oil and gas, communication, aviation and finance sectors. Dr. Ettefagh is a member of the executive committee and the board of directors of The Development Foundation, an advisor to the United Nations High Commission for Refugees, and an advisor to a number of European companies. Dr. Ettefagh speaks Persian (Farsi), English, German, French, Spanish, Italian, Arabic and Turkish.

U.S. Will Learn Recession's Lessons

Ali Ettefagh Tehran, Iran | 28 COMMENTS


» yousufhashmi1 | When the typhoon passes every ship in the ocean rolls when the weather changes the tallest trees get the effect first Survival rule # 1 . when oxyge...
» AnjuChandel | If the current economic recession spirals down further into depression, the countries which were "living beyond their means largely due to their unreg...
» Shiveh | Nothing discounts the value of hard work like prosperity does and nothing revives the concept of earning an honest buck for honest work like economic ...

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