Developed countries continue to play the leading roles in economic competitiveness thanks to better infrastructure, a better education system and developed commercial law. The global financial crisis has resulted in shifting economic power to emerging countries rich in currency reserves such as India and China. But this handover could be short-lived because the West will…
By studying the steps taken by Tokyo to resolve the financial crisis that has plagued Japan for a decade, Washington could avoid the mistakes it made and develop an even faster recovery plan. Since the start of the US financial crisis in August 2007, politicians have reassured us that the United States is a nation…
Insisting that the banking situation in Europe is less dire, EU officials say they are advocating tougher regulations, but not debt relief. “If there is a need for stricter financial regulations worldwide and in Europe in particular, a rescue plan like the one in the United States is not necessary at this stage,” said last…
