Asia's Challenges to Western Economies
Ethical Markets 6Unknown - 2015
In this video, futurist Hazel Henderson and Asian Markets Sustainability Analyst Matthew McGarvey review the new challenges that China and other emerging Asian economies pose to Western economies. Western analysts misunderstand the restructuring in China from exports toward domestic goals and shifting from polluting coal to wind, solar and the "circular economy." The new Asian Infrastructure Investment Bank (AIIG) led by China has attracted members like Britain and the IMF. Yet, the US Congress refused to join and is now out in the cold. McGarvey discusses China's social and political accomplishments as it adopts a modern economic model and reflects on efforts to address negative environmental feedback loops. The China experts also explore the rush to new mega-trade deals in Asia and the need for new rules and metrics.