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The business landscape has changed fundamentally; tomorrow’s environment will be different, but no less rich in possibilities for those who are prepared, argues McKinsey's worldwide managing director Ian Davis.
The Wall Street Journal reports on China's call for a new currency to replace the dollar as the world's standard.
The full text of the essay by Zhou Xiaochuan, China's central bank governor, in which he calls for a new world currency, is available here.
Rising wage inequality in the U.S. is threatening a protectionist backlash that will hurt everyone. The best way to avert the problem, argue Kenneth Scheve and Matthew Slaughter in Foreign Affairs, is by instituting a New Deal for globalization -- one that links engagement with the world economy to a substantial redistribution of income. (Article requires registration)