George Soros at INET Hong Kong - The Most Pressing Global Issue?

The video discusses the immediate global financial crisis and the lack of international cooperation. It highlights the widespread adoption of quantitative easing, with the Eurozone being the last to adopt it. The video contrasts Japan's abandonment of a long-standing policy with Germany's imposition of similar policies on Europe, leading to potential instability in global markets. Quantitative easing is described as a form of competitive devaluation, which can be destabilizing if not coordinated.

What is the immediate crisis mentioned in the text?

What conflict is highlighted between different economic approaches?

How has Japan's economic policy changed after years of stagnation?

What situation is Europe entering according to the text?

What are the potential consequences of competitive devaluation as discussed in the text?