Aftermath: A New Global Economic Order?
The global financial crisis revealed deep problems with mainstream economic predictions, as well as the vulnerability of the world's richest countries and the enormous potential of some poorer ones. China, India, Brazil, and other countries are growing faster than Europe or America and have weathered the crisis better. Is their growth due to following conventional economic guidelines or to strong state leadership and sometimes protectionism? These issues are basic to the question of which countries will grow in coming decades, as well as to the likely conflicts over global trade policy, currency standards, and economic cooperation.