1.   A relatively small number of industrially advanced countries control the world economy.

2.   And it is fertile soil for a severe economic downturn in the post-cold war world economy.

3.   Building a first world economy on top of a massive third world workforce does not create the strongest of economic foundations.

4.   But this time the two biggest engines of the world economy are at risk of going into reverse.

5.   Few expect the EU to take over as the locomotive of the world economy.

6.   It is not your job to worry about whether you threaten the stability of the world economy.

7.   It was feared that a severe liquidity crisis might ensue and that the world economy would then be plunged into economic recession.

8.   Never again will the United States dominate the world economy as it did in the early Cold War.

9.   Other commentators are less sanguine, and fear that the world economy is on the verge of recession.

10.   Recent bank failures threaten to upset the entire world economy.