Sunday, January 26, 2014

The Main Theme at Davos 2014 : The Rising Tension between China & Japan

Probably the biggest one was the rising tension between China and Japan. People are starting to make comparisons to 1914: You have a rising power facing an existing power, and in the past that has led to war.
Of course, it's not inevitable, but both the Japanese side and even the Chinese side have made bellicose statements. So I hope diplomacy can succeed but I'd say that that was one of the big stories.
- in

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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