Moment of Truth for Global Rebalancing
Stewardship of the global economy has not exactly been stellar in recent years. Over the past three decades, the world has lurched from crisis to crisis approximately once every three years. From the Latin American Debt Crisis of the early 1980s to the sovereign debt crisis that is now raging in Europe—and with far too many bouts of turmoil in-between—a crisis-prone world has repeatedly compounded its imbalances. Click here to read the latest analysis from Morgan Stanley.