A Worldfocus contributing blogger writes that global leaders have stepped up efforts to coordinate economic action, and that this level of global cooperation is unprecedented and will change the face of the world's economic order.
All Posts Tagged With: "financial crisis"
Cheng Li of the Brookings Institution discusses U.S. Secretary of State Hillary Clinton's talks with China and whether American-Chinese relations are at a turning point.
In recent years, men from Taiwan left behind families to look for work on the Chinese mainland. Now, as the economic crisis deepens, writes a Worldfocus contributing blogger, these men are headed back to Taiwan with empty pockets.
Roben Farzad of BusinessWeek magazine discusses the U.S. stimulus package and the steady decline of world markets, particularly in Europe.
Alison Smith of the Canadian Broadcasting Corporation discusses Barack Obama's trip to Canada, which was reportedly alarmed by the "Buy American" provision in the stimulus package that Obama signed this week.
Marcus Mabry of The New York Times discusses parallels between struggling U.S. auto and real estate industries and the same industries in Europe and Asia.
Steven Schrage of the Center for Strategic and International Studies discusses how the global economic downturn can lead to unrest and instability around the world, which in turn could impact the international community and U.S. security concerns.
The sprawling city of Dubai in the United Arab Emirates is known for real estate, finance and trade. But now, with the slumping economy, many foreigners who worked in Dubai are being laid off and thousands are leaving.
Iceland has been called “the first political casualty of the global credit crisis.” What went wrong in Iceland, and is it a cautionary tale for the wider world? Worldfocus.org's weekly radio show explores Iceland's economic collapse and the country's future. Listen now.