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| Author: | Nussbaum, B. |
| Title: | Time to act |
| Journal: | Business Week
1998 : SEP 14, VOL. 3579:909, p. 24-27 |
| Index terms: | ECONOMICS GROWTH CRISES |
| Language: | eng |
| Abstract: | Has the global economy come undone? Is the American model of free-market capitalism, the de facto ideology of the post-cold-war period, in retreat? There are many messages in the recent volatility of the stock market, but the most important may be that fundamental assumptions about the future of the American economy have been completely altered by the crises in Asia and Russia. Stock prices are reflecting a world that appears to be headed toward a deflationary slowdown, a world where countries are opting out of a free market system everyone took for granted. |
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