Published:December 16, 2009Paper Released:November 2009Authors:Niall Ferguson and Moritz Schularick Executive Summary: For the better part of the past decade, the world economy has been dominated by a unique geoeconomic constellation that the authors call "Chimerica": a world economic order that

In recent decades we have seen an explosion in the activities of multinational corporations: Just think of Silicon Valley subsidiaries residing in Bangalore ("the Silicon Valley of India") as well as Detroit firm subsidiaries based in Slovakia ("the Detroit of