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How sustainable are the Anglo-American recoveries?

Jeremy Green

While both countries have experienced comparatively strong growth, divergence on the current account ensures that the UK’s situation looks much more perilous Staggering global payments imbalances are a defining feature of contemporary capitalism. From the 1980s, with the emergence of the ‘neoliberal’ phase of capitalism, two major categories of growth model have emerged: debt-led growth models, marked by current-account deficits, … Continue reading

2 February 2016 by
Categories: British growth crisis, Economics, Global crisis, Politics and policy, SPERI Comment, Sustainability, USA | Tags: , , , , , , , , , , , , | Leave a comment