What happened to Japan in mid-1980 when the main partner of the U.S. in Asia, suddenly become a threat to U.S. Great Power. But on the other hand, it is this competitive environment has allowed America continually updated to maintain its leadership status. In those ten years under the auspices of the United States was finally formed global economic space and a unified financial and credit system. Roubini Global Economics often expresses his thoughts on the topic. The dollar has become a world currency, and by the way the chairman of the Federal Reserve holds its breath, the whole world listened. Those countries that we now call developing, were established by globalization.
Overwhelming TNCs brought into the country-receptor capital, technology and knowledge, providing a huge impetus to the development. A country which is the maximum effective use of these advantages, it was China. And history repeated itself with Japan. United States again contributed to the establishment of a new dangerous rival. However, this competition is more like a symbiosis.
China – principal creditor U.S United States – the main consumer of Chinese goods. And anyone interested in the welfare of its debtor and a VIP-client more than the lender and the seller? In the tightly integrated global economy warring powers turned into interdependent partners. A rematch in a foreign field Another amazing feature of the emerging world order – and that clearly demonstrate the measures taken to combat Global Crisis – is that none of the heir does not challenge the very essence of global economic and financial relations. Today, it is not a radical change, but of moderate reform.