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July 25, 2011

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"Growth that relies on capital inflows or commodity booms tends to be short-lived."

Isn't this what we are seeing with the US economy? They just keep printing money, but that can't continue.

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If history is any guide, the range of countries that can pull this off will remain narrow.
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Of course third world countries cannot carry or even compete in the world economy. Some of these people were living in mud-huts until 200 years ago. Western economy's have had thousands of years of practice, they have not.

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I am absolutely confident that the economic stability of the world rests in no small part on cooperation between the United States and China.


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Yes the developing coutries can carry the world for about 20-30 years. But what happens after it?

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I am absolutely sure that the economic stability of the world is based largely on the cooperation between the United States and China. Same,

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I don't thing so. The economy of US depends to have the economy control of the whole words, and you need a false enemy
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good article.. but I absolutely confident with the economic stability in the world

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