Autor: Mervyn K. Lewis Richard A. Iley

The interplay between the macro-economic imbalances, notably in the relationship between the USA and China, and the more micro-economic shortcomings of the West’s financial systems, particularly the …

As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit’s causes and consequences has also grown. Is the deficit a product of American profl …