Is it the end of the
'Milton Friedman model' of globalization?
Is there a room for emerging economics,
like Brazil, China, India, and Russia to
occupy in the new economic system? In
order to provide full answer, many
challenges have to be considered…
Despite
all efforts exerted by 'Second-tier'states
to build alternative economic system to
US-dominated one, it seems that the mission
is quite impossible, with many Trojan horses
sneaking deep within their economics…
“This is plain-vanilla stuff they could
have agreed on without holding a meeting … What’s new,
except that this is the G-20 instead of the G-7?” — Simon
Johnson, an economist at the Massachusetts Institute of
Technology and a former chief economist of the International
Monetary Fund...