Friday, 11 October 2013

The World Economy as a Race Car

The world economy had become the equivalent of a race car - expensive, with incredible range, and capable of performing at breathtaking speed. For the last decade everyone rode it and experienced the adrenaline rush and the highs. There was only one problem: it turned out that nobody really knew how to drive a car like this one. Over the last ten years, the global economy had become something no one had ever seen - an integrated system of about 125 countries, all participating and all going at unheard-of speeds. It was as if that race car was being driven by 125 different drivers - and no one remembered to buy shock absorbers.

Author: Fareed Zakaria