June 3, 2014

The Great Global Backlash Has Arrived

Nouriel Roubini, Project Syndicate

The Associated Press

In the 1930’s, the failure to prevent the Great Depression empowered authoritarian regimes in Europe and Asia, eventually leading to World War II. This time, the damage caused by the Great Recession is subjecting most advanced economies to secular stagnation and creating major structural growth challenges for emerging markets.

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TAGGED: Global Economy, Globalization, Europe, European Union, Trade, China, Japan, Middle East, Nationalism, Arab Spring


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Europe, Canada Show Up U.S. Capitalism
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The fact is, we’re falling behind. While median per capita income in the United States has stagnated since 2000, it’s up significantly in Canada and Northern Europe. Their typical worker’s income is now higher than ours,... more ››
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They toil in mines, factories and on construction sites. They are exploited as sex and domestic workers against their will. The International Labour Organization (ILO) estimates there are nearly 21 million forced laborers... more ››
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