The Noughties

2000–2009 – Wikipedia, the free encyclopedia

2000–2009, the current decade (sometimes known as the 2000s or by other names) runs from January 1, 2000 to December 31, 2009. The decade has been dominated by several wide-ranging topics, including international trade and a growing concern over energy supplies, the explosion in telecommunications, concerns with international terrorism and war, an escalation of the social issues of the 1990s, and the agreement among scientists that global warming is occurring. [1]

Economic developments in the first half of the 2000s focused on the explosion of Asia and South America’s economic and political potential, and its impact on the world market. India’s economy has become technologically integrated with those of the world’s more developed nations. China has experienced immense economic growth, and has obtained the status of a world power. Many fast-growing economies throughout the world, especially in Asia, have been a major factor in the rapidly increasing demand for fossil fuels, which—along with fewer new petroleum finds, greater extraction costs, and political turmoil—forced two other trends: a soar in the price of petroleum products and a subsequent push by governments and businesses to promote the development of “green” technology. A side-effect to the push by some industrial nations to “go green” and utilize biofuels has been a decrease in the supply of food, and thus an increase in the price of food, which in turn may threaten the world’s poorer nations with a shortage of food.[2]

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