Think 2011 Was Bad? 2012 Will Be Even Worse: Joseph Stiglitz | Economy Watch

The pragmatic commitment to growth that one sees in Asia and other emerging markets today stands in contrast to the West's misguided policies, which, driven by ideology and vested interests, almost seem to reflect a commitment not to grow. As a result, global economic rebalancing is likely to accelerate, almost inevitably giving rise to political tensions.

http://www.economywatch.com/economy-business-and-finance-news/think-2011-was-bad-2012-is-set-to-be-worse.17-01.html

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