Small U.S. towns may not survive changes in the global commodity markets, new trade agreements, and a recession.
All along the nation's back roads, hundreds of towns...are teetering in the recession, and some worry that they may never recover... Stretched across the southern tier, from Arizona and New Mexico through Texas and Georgia and into Virginia, these small rural communities form the base of the national supply chain. They produce most of the oil and much of the ore, fiber and food. In past recessions, even if they did not bounce back entirely, at least they survived.But this time around, as the overall economy begins to show some signs of healing, things are ominously different in many of these towns."
Thanks to Abhijeet Chavan
FULL STORY: Changes in World Economy on Raw Materials May Doom Many Towns
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