If we had the numbers in front of us, what would a fair “global-bang-for-the-buck” stimulus package look like? George Gray Molina argues that the bailout debate is about different things in the developed and developing worlds, making the global stimulus question one of politics, not technical detail.
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Comments OffNovember 20, 2008 / financial crisis
As developing economies were recovering from the news of 100 million new poor from high food and fuel prices, the world financial crisis hit. For the poorest economies, the impact of the most recent crisis is significant, but mostly indirect. It runs through a decline in world commodity prices, slower demand for exports, lower investments, [...]