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Another financial crisis is unfolding before our eyes.
When we face such difficulties, there is also the chance to find a way to resolve what the world has been ailing from since 1995, recurring financial crises that have led to low economic growth.
WHAT CAN WE DO?
Part III concludes this series on the global economy.
How Will It Unfold This Time? is about the erosion of the global monetary system that eventually will have to lead to the establishment of a new global order. Until such time, what lies in store?
READ PART III
In Part II, I argue that the world is unlikely to return to pre-2007 trend growth rates anytime soon and that the economic risks remain to the downside.
READ PART II
This is the first instalment of this three-part series on the health of the global economy.
Part I is what prevents the US, the strongest of the large economies, to return to real annual GDP growth rates that averaged 3.5% from 1950 to the first half of 2000?
READ PART I