Could this turn out to be another American Century, with the US leading a revival of the West? Yes, says former UK Prime Minister Gordon Brown, but only if the US and Europe start taking the right decisions now, in the first half of 2011.
LONDON – In 2008, at a time of financial peril, the world united to restructure the global banking system.
In 2009, as trade collapsed and unemployment rose dramatically, the world came together for the first time in the G-20 to prevent a great recession from spiraling into a great depression.
Now, facing a low-growth austerity decade with no national exits from long-term unemployment and diminished living standards, the world needs to come together in the first half of 2011 to agree on a financial and economic strategy for prosperity far bolder than the Marshall Plan of the 1940’s.
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