world will soon come to grief if both the US and Europe fail to make fundamental readjustments. An America and EU that takes … serious economic measures will cause the rest of the world pain, as Western consumption and imports diminish. But there is no … world will soon come to grief if both the US and Europe fail to make fundamental readjustments. An America and EU that takes …

old joke goes, the rest of the world caught a cold. But that dominance is now being challenged by the rise of rapidly … outline the consequences of this evolving world economic order – in particular, how it is decoupling the business cycles of …