Ascent after Decline (Paperback) (ISBN-13: 9780821389423)

The Great Recession of 2009-11 was not simply a severe business cycle slowdown or even a combined credit, housing, and asset market collapse. It left permanent scars, especially on the advanced economies. In its wake, policy makers must navigate uncharted economic territory where 'business as usual' no longer applies and deep structural changes mark the global economic landscape.Fundamental questions about the daunting task of 'regrowing growth' have now taken center stage for economists, politicians, and policy makers alike: Will international capital flows be encouraged or discouraged? How open will export markets be, given the structural changes and their implications for employment? How much reliance will there be on market solutions when governments--now overly indebted and wary of additional relief expenditures--are expected to deliver on the promise of economic growth?

Author: Otaviano Canuto
ISBN-10: 0821389424
ISBN-13: 9780821389423
Publisher: World Bank Publications
Language: English
Published: 01/09/2012
Pages: 318
Format: Paperback
Weight: 0.95lbs
Size: 9.00h x 6.00w x 0.67d

Review Citation(s):
Choice 07/01/2012
Reference and Research Bk News 04/01/2012 pg. 66