Whole night the referendum kept us all awake. By evening the Pound Sterling started falling when the people lined up to exchange the Pound Sterling into Euros. As a result the Pound Sterling landed to a 31 year low. But more worse was the early morning news. 52% nearly pointing to BREXIT. What will follow ? Next! - FREXIT, GERXIT ??
We must admit that the economic model based on developing transnational markets has exhausted its potential. Macroeconomic postulates do not reflect the nature and dynamics of economic development. Commodity-money exchange effectiveness is declining. The multiplication coefficient has all but ceased to work. The funding developed countries dispense to poor countries to balance the global economic situation vanish in developing economies without providing any visible economic effect or resolving such problems as hunger, poverty, a lack of drinking water, pandemics etc. Therefore, the gap between the level of development of Golden Billion nations and that of the Third World is not finding closure.