An informed perspective on the recent financial collapse by - TopicsExpress

An informed perspective on the recent financial collapse by Augusto Lopez-Claros, one of the World Banks leading economists and a friend through the Bahai community: One can argue whether the responses to the crisis were well-designed in particular countries, but there seems to be broad consensus that rapid international action on a number of fronts was necessary to prevent a 1930s-like depression with unforeseen global economic consequences. blogs.worldbank.org/futuredevelopment/austerity-vs-fiscal-stimulus-false-dilemma

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