Asia could be the driving force of the world economy, says Oxford professor
China and developing countries in Asia are at the forefront of that growth, Goldin noted.
"I think we're seeing a rebalancing, a historical rebalancing," said Goldin. "The center of gravity is clearly moving to Asia. This is a good thing. We'll have more global growth where it's needed, in developing countries."That shift will make the global economy more resilient than in it has been in the past.But this by no means immunizes the U.S. from future slowdowns. In fact, the more inward-looking it becomes, the more vulnerable it will be, said Goldin.
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