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Saturday, December 8, 2012

Roubini : For the next decade the most important thing from a global point of view will be how to manage the peaceful rise of China

Nouriel Roubini : " For the next decade the most important thing from a global point of view will be how to manage the peaceful rise of China. Every time there has been the emergence of a new major power in the world facing an established power, it ended in war. We saw it with Germany, we saw it with Japan. “In a world of growing power of China…even a country like Germany that is economically strong will be a geopolitical midget. If Europe wants to express itself in the next decade it must be united.” - in investmenteurope