Global Uncertainties: U.S., Europe, China, and Implications for Asia and South Korea (Video)

Richard Duncan, author and chief economist of Blackhorse Asset Management, discusses how the global economy has been fueled by an explosion of credit for 50 years and how that credit-fueled paradigm is now in crisis. U.S. households can bear no more debt, and the European crisis has arisen from external and internal trade imbalances. Also, Asia’s era of export-led growth is over. What will replace it?

Broadcast live from the Korea Investment Conference on Wednesday, 13 June 2012, 09:30–10:30 KST (20:30 EDT / 01:30 BST / 08:30 HKT).