Roubini and Wolfensohn

Here are two great economists of our time having a talk about economics of our World, and the important debates that we must have to move forward by becoming more competitive without having a trade war. They discuss the Chinese and Japanese economies. Wolfensohn suggests that the number of people in the middle class in Asia will exceed that of the Western World in just a few years. Roubini suggests that as China's wages rise, their ability to "take over" manufacturing as they are now will be diminished.