Word: globalization
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China has been on an unconventional and unexpected journey that began after the tragedy of Tiananmen Square 20 years ago. The U.S., after half a century of global economic dominance, finds itself at a crossroads, unable to generate the growth that so many Americans expect and the services so many need, and still struggling to revitalize an economy that for so many years was the envy of the world. The U.S. has been accumulating debt and owes about $800 billion to China alone; China has been building reserves and now has in excess of $2.2 trillion. China remains a poorer...
Having spent a week in Asia and three intense days in China, President Barack Obama set a constructive tone for the future. He welcomed the emergence of China as a new force in the global economy and rebuffed suggestions that its rise should be seen as a sign of American decline. Chinese officials expressed concern about a weak dollar but committed to working with the U.S. to stabilize the global system. Hardly anything concrete was accomplished, but the trip cemented the centrality of the U.S.-China economic relationship and the fact that the two economies are, for now, intertwined...
...economy but today worries that a declining dollar will impede China's growth. Many in Washington and on Wall Street believe that China's currency policy gives it unfair advantages in trade and that its reliance on state spending rather than domestic consumption is a core cause of the global economic crisis. (See pictures of the global financial crisis...
Public-service broadcast Channel 4 in the UK first aired the production in 2008, while PBS aired a shorter U.S. version in January and July 2009, in time for the bank collapses and bailouts of the global financial crisis...
...film was directed by the award-winning documentarian Adrian Pennink, who also directed Ferguson’s previous film, which was based on his book “Empire: The Rise and the Demise of the British World Order and the Lessons for Global Power...