U.S. no longer economic “top dog”
At a Senate Foreign Relations Committee hearing on sovereign wealth funds, Jagdish Bhagwati, professor of law and economics at Columbia University, says that U.S. dependency on foreign funds controlled by governments causes political anxiety. He says that a reversal of power roles took the U.S. out of its “top dog” position. (0:42)
June 11, 2008
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