Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
Local governments have become so cash-strapped that they have resorted to paying their bills with unfinished and unbought apartments from the property crisis.
Beijing is facing complaints there about its trade policies in the Global South that sound remarkably like those coming out of Brussels and Washington.