TIME TO SET A DATE, UNCLE SAM

摘要

Developments in global capital markets have led to the US's historic dominance of the international economy declining in relative terms. At the same time, US investment in equities outside America has reached roughly $3 trillion (￡1.5 trillion) and many countries around the world are now adopting or have plans to adopt International Financial Reporting Standards (IFRS) as written by the London-based International Accounting Standards Board (IASB).