The World Economy Towards Global Disequilibrium: American-Asian Indifference and European Fears
Mario Baldassarri, Pasquale Capretta
This book stresses how the rise of China and India has completely changed the world economy, moving it towards disequilibrium. Several alternative economic policies are tested to seek a way towards high growth in any continent associated with long-run real and financial equilibrium. The Authors argue that a new exchange rate system is required and that a new world governance is needed.
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