A piece from Nouriel Roubini, CEO of Roubini Macro Associates and Professor of Economics at the Stern School of Business
- a hot war between the world’s two major powers still seems far-fetched, a cold war is becoming more likely.
The global consequences of a Sino-American cold war would be even more severe than those of the Cold War between the US and the Soviet Union
- the Soviet Union was a declining power with a failing economic model
- China will soon become the world’s largest economy
- China is fully integrated in the global trading and investment system, and deeply intertwined with the US
I don’t think this will come as a surprise to many. Well worth reading: