The Hot Money Trap
America's unilateral economic policies may have the same impact as its unilateral security policies under George W. Bush. In a world where the G-7 no longer drives global growth, the Fed's decision to print money is like playing with fire.
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SHANGHAI – The recent financial crisis has seen Asia emerge as an economic powerhouse – indeed, as a key driver of global growth. Within five years or so, Asia’s total economy could be as large as that of the United States and the European Union combined.