Growing Economies, Rising Problems – Part II The global economy is expected to triple in size by the year 2050, and much of the growth will come from emerging economies, which were viewed not long ago as impoverished and backward. This YaleGlobal series examines the consequences of the changing global economic order. While developing nations accrue more economic power, thanks to their large populations, they’ll remain relatively poor, note authors Uri Dadush and William Shaw in the second article of the series. “This dissociation between economic wealth and size will complicate the ability to reach international economic agreements,” they explain... More News... Latin America Ponders Role of the Renminbi Joe Leahy The Financial Times, 23 June 2011 US dollar still dominates trade transactions Change in China Hits US Purse Jon Hilsenrath, Laurie Burkitt, Elizabeth Holmes The Wall Street Journal, 22 June 2011 Chinese workers seek wage hikes and shrink US pocketbooks How the Euro Became Europe's Greatest Threat Spiegel Online, 22 June 2011 Skepticism grows over bailouts in both rich and poor nations China Proposes $15bn Indus Dam Scheme William MacNamara The Financial Times, 21 June 2011 Foreign investors eye Pakistan for dam project and natural resources |
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