Since the 2008 financial crisis, market-based economies in the West have experienced sharp downturns, exacerbating economic and social inequality, whereas state-capitalist economies, largely in the developing world, have maintained relatively strong growth, lifting millions out of poverty. Which model is right for the post-crisis global economy?
Will the World Keep Buying US Treasuries?
Paola Subacchi & Paul van den Noord
foresee a gradual reduction in countries’ holdings of dollar-denominated debt, not a rapid sell-off.
