In yet another example of how small our world really is, the crisis emanating from a little country like Greece is rocking the global economic system. Fear that a Greek default on its sovereign debt could upset a fragile global economic recovery is fueling panic. All of this turmoil once again underscores the need to restructure the global economy—and this time for real.
But what does "restructuring the global economy" mean? And how can it be done? The global economy is a patchwork of imbalances in need of equilibrium. In a nutshell, restructuring the global economy requires the following:
To read the full, original article click on this link: Recovering, Restructuring, and Rebalancing. Oh My!
Author: Sabina Dewan
