'A banking crisis has become a trade crisis,' writes British PM
(NEWSER) - The banking crisis has stabilized, according to Gordon Brown, but a new calamity has replaced it: "a trade crisis" that is killing jobs in industrialized nations and exacerbating poverty in developing ones. Globalization has compounded the downturn, but it can also accelerate the pickup, the British PM writes in a Wall Street Journal op-ed. "There can be no recovery in the global economy without a revival of world trade," he contends. More»
