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In the future, the Anglo-American view of cutthroat capitalism may become less influential, giving way to a global consensus that there should be a greater role for the state in the marketplace.
China’s impact on the U.S. economy and its rising global power gives China a significant role in the Republican primaries for the 2012 U.S. presidential elections.
China's economic imbalances are the result of urbanization and migration, not financial policy, and expanding residence rights for migrants would do more to boost consumption than fiddling with interest rates.
Global trade imbalances would moderate and China’s growth would be more robust if its citizens were less frugal.
While it may no longer be possible to provide manufacturing workers the kind of security they once enjoyed, given the fact that technology and globalized markets are changing too quickly, a much better job can be done to help workers adjust to these changes.
While economic inequality has always existed and is not going away, this year it is likely to top the global agenda for voters, protesters, and politicians running for office in the many important elections scheduled around the world.
With the global economy on unstable ground and little economic space remaining for additional policy support, world leaders must focus on preventing a catastrophe in Europe.
Trade deficits generated by credit-fueled consumption are unsustainable, and can be reversed by either shifts in the policies of surplus-producing countries abroad or by crippling austerity at home.
Europe is trying to solve its economic problems through further fiscal integration and greater financial oversight, but fears are high that the steps taken thus far are not enough to stem the crisis.
The eighth World Trade Organization Ministerial Conference in mid-December will be held at a time when the global trading system faces considerable challenges, including a deteriorating global economic environment and mounting trade tensions.
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