Rebalancing act: Can the world still count on American consumers?
Rebalancing act: Can the world still count on American consumers?
For almost the past 50 years the global economy has had a pretty simple rhythm to it: developing and manufacturing countries produce tempting good for Western markets, from electronics to clothing, and American consumers spend like crazy to buy it. But the global economic crisis is threatening to rebalance the flow of good and spending, especially if President Obama has anything to do with it. He’s in Asia right now warning anyone who will listen that America plans to save more, spend less and export more. Can a “rebalancing” of the global economy work?
Guests:
Michael Mandel, chief economist at BusinessWeek magazine & author of the “Economics Unbound” blog at BusinessWeek.com
- Patt Morrison for November 16, 2009
- How West Hollywood manages it’s pot…and what L.A. could learn
- Forget legalizing it—tax it!
- How many generals does it take to win a war?
- Rebalancing act: Can the world still count on American consumers?
- The Sarah Palin phenomenon
- 2012 - end of the world or an intriguing bit of baloney?
Also on this episode
Events
Comedy Congress Live
Wednesday, February 29, 2012
7:30 p.m.
- 9 p.m.
The comedic material emanating from Washington D.C., and state capitols across the country, is enough to make any sitcom writer jealous, even if most of that comedy is unintentional. Our motto on Comedy Congress is that just when politics makes you want to cry, it’s usually best to laugh.
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