The rise of China and the decline of AmericaBrave New World (2011)
AbstractStandard and Poor’s (S&P) have reduced America’s sovereign credit rating from AAA to AA+. The rating puts the U.S. on par with Kuwait and Taiwan. America’s $US14.3 trillion debt makes the world’s richest nation a worse credit risk than Australia, Germany, Britain and the Isle of Man. The downgrade followed the biggest weekly selloff in U.S. stocks in 32 months.
Publication DateAugust 13, 2011
Citation InformationJo Coghlan. "The rise of China and the decline of America" Brave New World (2011)
Available at: http://works.bepress.com/jo_coghlan/43/