"At the root of the euro upheaval is a balance of payment crisis caused by the cumulative effects of a 13-year-old one-size-fits-all monetary policy and a fixed exchange rate for a collection of disparate countries in very different stages of economic and structural development, " he argues.
Mr Davies stressed that all EU programmes, which include the Structural Funds, Rural Development and Fisheries programmes, will work together to deliver sustainable benefits for people, businesses and communities across Wales.
The structural move sparked by the development of emerging markets, starting with the BRICs (Brazil, Russia, India, and China) but extending to other areas including the Middle East, will fuel unprecedented demand for oil.
Jong-Wha Lee and Kiseok Hong of the Asian Development Bank project that if China continues its structural reforms, it has the potential to grow at 7 percent in 2011-2020 and 6.23 percent in 2021-2030.
Around half the 67bn Euro European Union structural fund allocation to the country is being spent on road development, sanitation and environmental improvements.
In countries with high structural unemployment, entrepreneurship has less of an impact on growth than development economists previously thought.
Investing in product development around the world, including China, Ford faced higher commodity and structural costs, while it saw sales increase and it paid off its debt.
FORBES: Ford Working Its Way Back To Health, Pays Off Debt, Sells More Cars
What this shows is that structural features of the military marketplace reduce the value of competition as technology programs progress from development to production to fielding.
FORBES: Why Adam Smith Isn't Welcome In The Defense Industry
But these may not go far enough towards transforming the fundamental structural inequalities and political inconsistencies at the centre of current global crises, poverty and unsustainable development.
UNESCO: Detailview | United Nations Educational, Scientific and Cultural Organization
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