DAVOS – The future of the global economy will depend greatly on whether President Barack Obama launches a comprehensive and coherent set of measures, and on how successfully he carries them out. How the Chinese, Europeans, and other major players respond will be almost as important. If there is good international cooperation, the world economy may start climbing out of a deep hole by the end of 2009. If not, we will face a much longer period of economic and political disorder and decline.
DAVOS – The future of the global economy will depend greatly on whether President Barack Obama launches a comprehensive and coherent set of measures, and on how successfully he carries them out. How the Chinese, Europeans, and other major players respond will be almost as important. If there is good international cooperation, the world economy may start climbing out of a deep hole by the end of 2009. If not, we will face a much longer period of economic and political disorder and decline.