The Global economy has been at its lowest ebb in recent times than any time in the history of mankind. All over the world, it’s the same bad old news of layoffs, job cuts; industrial and commercial shutdowns which have subsequently lead to contraction of good opportunities and gross loss of income, estate and self-esteem. Mankind is at a dilemma as to how best to rid itself from this contraption called the global recession. Every nation is looking in different direction for solution to the meltdown. In the civilized world, well informed leadership is being beckoned on to remedy the complex situation, while most part of the developing world have lost confidence in its leadership beckoning to heaven for economic deliverance.

In proffering solution to an ailment, the causative factor and causative organisms of such ailment must be identified. The big question is “How did the nations of the world get into this mess?” How did it come like a flash in a pan such that the world was taken unawares? A cursory enquiry into the causative factors of the meltdown puts the bulk of the blame on at the door post of the immediate regime of the United States. The ongoing war on terror is an expensive venture. Some other schools of thought put the blame on the crash of the capital market.  Whichever direction the pendulum of blame swings, improper planning is always a prelude to dramatic and sudden economic downfalls. A failure to plan is a deliberate plan to fail.

Though unpleasant, I personally see the global economic meltdown as a disguised blessing because history has shown that the best of mankind is revealed under pressure. A great number of regular working class folks in the United States and other parts of the world that had been eased of their regular jobs have recently discovered their hidden potentials and talents thereby converting them into economic gains. Large corporations are steadily giving way to small scale industries. As a matter of urgency and necessity, financial prudence and management is being imbibed by individuals, organizations and governments of various nations as core professional and ethical values. This is evidenced by the sweeping policy of pay-cuts.

It is common knowledge that behind every dark cloud is a silver lining. This is an obvious lesson to be leant from the global economic meltdown. As the world comes out of this recession through well organized and targeted stimulus plans, the core values of prudence, economic management and planning imbibed by organizations and individuals should not be discarded. It is important to make plans in all facets of human endeavors, especially in areas like; real estate, Medicare, mortgage etc because uncertainties do not give long notices.

Consequently, if the world can imbibe the positive values heralded by the global economic meltdown, mankind will be better for it.