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