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).