“For me the biggest question is whether or not we’re witnessing a fundamental shift from West to East, after centuries of Western global predominance,” says Niall Ferguson, Professor of Harvard Business School.  In 2004 Niall was named as one of the worlds hundred most influential people by Time Magazine.

Talking about the outlook for Australia in 2010, he says “Australia had a pretty good GFC, not least because it gained from the Chinese stimulus.  As that gives way to tightening, core elements of the Australia economy will find times getting tougher”.