recession

The hegemonic US faces crisis of confidence

The US has been the dominant force in the world economy for decades and clearly has many strengths.

However, there have been periods where US´ economic supremacy has been challenged, which suggests that the US economy also has its weaknesses.

Educated American economists, with their hands on the executive wheel, have once again failed. The creative strategies carried out by the US financial markets have made the global economy shiver. The different companies, with their boards of executives, should start acting as responsible participants to assure long-term growth in the world economy FT.com

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