Breaking the Wall of Global Debt
How Economics Can Reshape the Development Models of Europe, the U.S., and ChinaStreaming Video - 2012
European and U.S. competitive weakness demonstrates to newcomers like China that the fast pace of globalization could give rise to unintended consequences, including an interconnected financial system that could lead to its self-destruction if unfettered; a sharp rise in savings and capital imbalances on a global scale; and a worsened income and wealth inequality at home. This 2011 Falling Walls lecture video highlights the need for China to reshape its strategies for economic development and foster reforms to reduce its imbalances. Olin Liu heads macroeconomic research at CICC, China's first joint venture investment bank, aiming to provide both institutional and private investors a guide in turbulent markets with an international perspective. Liu discusses key issues facing the Chinese economy, opportunities that lie ahead for both China and its development partners, and solutions that might be drawn for the current competitive status of Europe and the U.S.
Publisher: New York, N.Y. : Films Media Group, , c2011
Characteristics: 1 streaming video file (14 min.) :,sd., col., digital file