Orville Schell: Political Economy of Structural Adjustment (5/7)

The transcript discusses the fragilities in the US and China financial systems, highlighting the challenges in global rebalancing. It emphasizes the interconnectedness of global economies and the necessity for cooperation between the US and China. The discussion also covers China's sovereignty concerns, its reluctance to fully engage in global affairs, and its lack of experience in international roles. The transcript concludes with the idea that patience is needed for China to become more involved globally.

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