SEQUEL to Business Week,March 10th issue, the ISSUE.

The ISSUE of threat to the economy creates a transatlantic rift with impact of transpacific cooperation and collaboration as I would envision apropos of Sino-American economics in the 21st century for mutual benefit in terms of globalization.

The divergence in approaches on either side of the Atlantic is likely to stoke tensions. Americans resent Europeans for not sharing the burden of stimulating the world economy, forcing them into unilateral action. Europeans resent Americans for blundering foolishly ahead, exacerbating inflation. For years there has been an unhealthy imbalance in the world economy,with the United States contributing disproportionately to the growth in demand and doing too little in the way of saving. The response to the current economic mess increases that lopsidedness. Americans are spending heavily to head off the risk of recession while Europeans cose their wallets.

Think about nations in Asia especially Chinese lifestyles in terms of saving. American must pay more attention to Asia since United States in both an Atlantic nation and an Asia-Pacific nation as well for the US economy as a whole in the macroview.

Francis Shieh a.k.a. Xie Shihao,a lifelong student in the field of economics. March 10, 2008 at 9.16 p.m.