STRATEGIC ANALYSIS

Name of the Game Is Interdependence

Bharat Wariavwalla is an Honorary Fellow at the Centre for the Study of Developing Societies, Delhi.
  • Share
  • Tweet
  • Email
  • Whatsapp
  • Linkedin
  • Print
  • July 2010
    Volume: 
    34
    Issue: 
    4
    Debate

    Lawrence Summers, United States President Barack Obama's chief economic advisor and formerly secretary of treasury in the second term of the Clinton administration, once said that there was a ‘balance of financial terror’ between the US and its financial creditors, primarily China and Japan. Today, China, holding some $800 billion in US treasury bonds and some $2 trillion worth of currency reserves wields financial terror against the US.

    Top