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All items tagged Econmic crisisOpen Think Tank ArticlesApril 3, 2009 | The Transition to SustainabilityJeffrey D. Sachs: Long term economic growth will only be achieved if accompanied by sustainable investments in green technologies. Yet developed countries ought also to understand that they need to guide and help developing countries towards sustainability. ... MoreGlobal Must Read ArticlesApril 30, 2009 | Financial Crisis Requires Deeper ChangesThe IMF estimates the fiscal costs of rescue efforts to be high and difficult to obtain. ++ Still, the solid logic remains: the fiscal costs of deep recessions are greater than those of rescuing finance. ++ Choices of how to fix the system entail risks and little hope for amelioration. ++ Managed bankruptcy — with unpleasant risks — makes sense due to the dire effect on incentives of the ... MoreNovember 24, 2008 | Keynes to the RescueKeynesian economics prevail in times of economic turmoil. ++ Britain should “expect plans for higher borrowing, tax cuts, and more spending in Monday’s pre-Budget statement.” ++ While economists and politicians differ on intervention policies, Keynes emphasized the importance of restoring market confidence and preventing recessions from becoming politically dangerous. ++ “In a depression, a ... MoreAugust 12, 2008 | Euro's Joyride is Coming to an EndEven though the European Central Bank reassures the investors that the euro has great prospects, business activity on the Old Continent is falling and consumer confidence is plummeting. ++ On Friday, the euro had its worst day against the dollar in 4 years and there are reasons to believe this was not a temporary blip, but the beginning of a trend. ++ Analysts were so focused on American ... More |
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