Addressing Global Economic Imbalances

Globalization took off with the collapse of the Berlin Wall and it’s now come a long way from where it was in 1989. However, as the recent financial crisis showed us, it’s time to evolve past the de facto roles that have been played by various national economies. What are the implications? What are the threats and opportunities? We’ll explain.

American consumer spending accounts for 70 percent of U.S. GDP.  However, because of stock market turbulence, rising unemployment, tighter credit, and declining .....