Of course, globalisation is not a lose-lose proposition for the west. Its multinational companies will make far more than in the past. It is possible that western stock markets will decouple from their economies in the decade ahead, and fare well. This would be a big boon for the western societies that are struggling with the cost of ageing.
Main Players Multinationals, Not Countries
Economist Andy Xie says western stimulus won’t help.
- By: Caroline Cakebread
- July 26, 2010 September 13, 2019
- 11:05