2 Posts found for Author: Nouriel Roubini

When there’s trade liberalization and globalization, there are always winners and losers. It’s not as if everyone is better off. Say if we buy more cheap goods from China, where there’s a larger labor supply and wages are lower, rapid productivity, the jobs and incomes up, work, as in labor-intensive industries like some light manufacturing in Europe or US get displaced.

That’s part of the globalization … [ Read more ]

Author: Nouriel Roubini | Source: McKinsey Quarterly | Subjects: Economics | Economy, Environment | Sustainability

Sometimes borrowing makes sense, to borrow to invest into something productive. But if you borrow just to consume, then eventually you get in trouble and your debt ratios become too high relative to your need to pay back your debts over time. It could be a problem for households, for the business sector, financial institutions, for governments, for a country as a whole.

Author: Nouriel Roubini | Source: McKinsey Quarterly | Subjects: Finance | Investing, Personal Improvement