The centre of economic gravity is shifting from debtor nations of the West to the savings nations of the East. Patrick J. Byrne reports.The National Civic Council has produced an important brochure analysing the historic global power-shift underway from debtor nations of the West to the savings nations of the East. This shift will have major consequences for Australia.The NCC’s Strategic Report, The global power shift: defending Australia’s independence, argues that Australia’s over-dependence o…
