The Global Village Economy
It is early December and the tourist season should be in full swing but not much is happening in this village in Goa.
Everyone is heavily in debt. Lucky, a rich Russian tourist arrives at a local hotel in this village.
He asks for a room, puts a $20 note on the reception counter, takes a key and goes to inspect the room.
The hotel owner takes the banknote and immediately hands it over to his grocery supplier whom he owes $20.
The grocer rushers to the fish vendor and pays him for the fish he bought that week.
The fish vendor triumphantly gives the $20 to a local prostitute who gave him services on credit.
The prostitute goes quickly to the same hotel and pays for the amount she owed for the room she used to entertain her clients.
At that moment, the rich Russian tourist returns to the reception, informs the hotel owner that the hotel room is unsatisfactory, takes his $20 and leaves.
The Russian spent no money at the hotel but every one has been paid off and the village people look optimistically towards the future.
The Russian tourist could be the solution to the global financial crisis!
Contributed By:Samir Kelekar
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