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 …

Modern globalization (which includes free flows of trade and factors of production across frontiers, stable rates of … cities against rogue states and terrorism) are among the public goods provided for the world economy as a whole are …