Global Economy: Asia-Pacific
A study of the global economic impact of the 2008-2009 recession on the global economy conducted by the Economic Policy Institute has shown that as of January 2010 the United States economy shrunk 5 percent compared to the pre-recession period. At the same time, the Asia-Pacific region grew by 14 percent.
What are the reasons for the decline of the U.S. economy and the growth of Asia-Pacific?
What consequences does this have for the global balance of power?
What do you think should the U.S. Government, businesses and the labor unions do to reverse this trend?