The United States: why the trigger? -- The Bush and Obama administration's response -- From the American to the European crisis -- The Eurozone's sovereign debt crisis -- Russia: not an exceptional country -- China: from crisis management to rebalancing -- Japan, South Korea and India: impact...

One of the Millennium Development Goals set by the United Nations is to reduce the global level of “extreme poverty” (the roughly 1.5 billion people whose income is less than $1 a day) by half by 2015. How can such a goal be reached? This paper argues that since the vast majority of the...