Global Risks

Why the fate of the global economy rests on the US, China, Britain and Argentina

A Chinese investor monitors share prices at a securities company in Shanghai November 12, 2003. China's shares closed at a year low on Wednesday, battered by weak sentiment exacerbated by fresh selling in bank stocks on the back of a huge planned bond issue by Shanghai Pudong Development Bank, brokers said. The benchmark Shanghai composite index, grouping hard-currency B shares for foreigners and yuan-denominated A shares, dropped 1.92 percent to 1,317.792 points, the lowest close this year since the 1,319.868 level set on January 3.NO RIGHTS CLEARANCES OR PERMISSIONS ARE REQUIRED FOR THIS IMAGE MRKET REUTERS/Claro Cortes IV  CC/DL - RP4DRHXNTLAA

In the classic game of “chicken,” two drivers race directly toward each other, and the first to swerve is the “loser.” Image: REUTERS/Claro Cortes

Nouriel Roubini
Professor Emeritus of Economics and International Business, Stern School of Business, New York University
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Global RisksEconomic ProgressInequality
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