Unbalanced: The Codependency of America and China
By Stephen Roach
Published by Yale University Press (£20)
(Buy at Amazon)
The imbalances between China and the United States played a big part in the financial crisis, according to many economists. As China flooded the world with cheap goods, wages and jobs in the US were hit. US households took on big debts, while China became hooked on exports. Stephen Roach’s Unbalanced: The [...]
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