This concept is obsolete in globalization era but in crisis period solutions can be utilized and if they are time tested why not take a chance? The poor nations without trad able currency , or crunch , then commodities can be exchanged for mutual benefit and process remains in working mode. Long back India tried this with some Asian and African countries , it worked in initial phase but later these countries backed out . This will be a short term measure, subject to mutual understanding and implementation.
sort by best latest
Sir you have presented in deep and this is happening in third world countries, populism is the way to win elections and offering freebies and lollypop to the voters, damaged productivity and creativity, finally it leads to bankruptcy
bitter truth yo
We should not wait till global economic crisis go boiling and do some cool down by promoting easy methods to defuse crisis.the poor nations can implement and control situation.