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U.S. economic power is declining. The global crisis has redesigned the map of world economy

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Posted on duminică, 4 octombrie 2009 by M.

The global crisis has redesigned the map of the world economy to benefit emerging economies such as China, but experts doubt its capacity to generate a single, global growth, the way they did the United States in recent decades.


"The crisis has increased the movement from West to East" of the global economy, a summary Niall Ferguson, professor at Harvard Business School, in a debate organized by the BBC in Istanbul on margin general meeting of the International Monetary Fund and World Bank.



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