Friday, August 26, 2005


Who is responsible for the global economy?

How much longer will we have a global economy? Yesterday's FT contained comments from the Institute for International Economics that globalisation might be saved if the United States and China act together.

But the system is at risk elsewhere, also. For example, we read a report on the possibility of Fortress Russia. And France is moving in the direction of economic patriotism.

The implications are immense. Isn't the G8 responsible for overseeing the global economy?
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