Tuesday, January 4, 2011

Recovery Recedes, Convulsion Looms

by Walden Bello from Foreign Policy in Focus

The author looks at economic trends in the global economy and asks an important question (which he attempts to answer):
The triumph of austerity in the U.S. and Europe will surely eliminate these two areas as engines of recovery for the global economy.  But is Asia indeed on a different track, one that would make it bear, like Atlas, the burden of global growth?