"New York, once the financial capital of the world, is no longer even the financial capital of the U.S. That honor falls on Washington, where lawmakers are now injecting populist politics into economics decisions. Companies and sectors that should be left to drown are being floated lifeboats. This drama is also playing out across Europe and Asia. As engines of economic growth, Shanghai is losing ground to Beijing, Mumbai to Delhi, and Dubai to Abu Dhabi."
Expect the World Economy to Suffer Through 2009
by Ian Bremmer and Nouriel Roubini
http://online.wsj.com/article/SB123267029592108287.html?mod=todays_us_opinion
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment