With just a few days to go before the G20 summit in Cannes (France), it is no exaggeration to say that the world is in an unholy mess: the US debt crisis and political gridlock, the Eurozone crisis and possible implosion, Japan remaining in a deflationary straitjacket and now the possibility that China – hitherto seen as the last global economy locomotive on track – may be heading for either a soft, or, as some predict, a hard landing. Indignation, anger and despair are fueling protest movements across the globe.
[This article has been reproduced with permission from IMD, a leading business school based in Switzerland. http://www.imd.org]