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                <title>Growth and Development | Project Syndicate RSS-Feed</title>
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  <item>
    <title>The Night-Watchman State’s Last Shift</title>
    <description><![CDATA[Too often, debate about the relationship between the state and the market casts them as opposing forces locked in a zero-sum struggle. But this simplistic approach quickly renders constructive discussion a casualty of the ideological battle between advocates of state and market capitalism.]]></description>
	<comments>http://www.project-syndicate.org/commentary/reframing-the-state-market-relationship-by-andrew-sheng-and-geng-xiao</comments>
	<slash:comments>0</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/reframing-the-state-market-relationship-by-andrew-sheng-and-geng-xiao</guid>
    <link>http://www.project-syndicate.org/commentary/reframing-the-state-market-relationship-by-andrew-sheng-and-geng-xiao</link>
	<pubDate>Wed, 22 May 2013 16:00:22 +0000</pubDate>
	<dc:creator>Andrew Sheng, et al. </dc:creator>
	
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			<media:copyright>Illustration by Paul Lachine</media:copyright>
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    <title>The Debt-Growth Controversy</title>
    <description><![CDATA[The recent controversy over errors in a 2010 paper by the economists Carmen Reinhart and Ken Rogoff is a sad commentary on the politically toxic atmosphere surrounding fiscal policy in the US, Europe, and Japan. The Reinhart/Rogoff paper is just a small part of a large literature that shows high debt levels to be economically risky.]]></description>
	<comments>http://www.project-syndicate.org/commentary/understanding-the-tradeoff-between-debt-and-economic-growth-by-michael-boskin</comments>
	<slash:comments>3</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/understanding-the-tradeoff-between-debt-and-economic-growth-by-michael-boskin</guid>
    <link>http://www.project-syndicate.org/commentary/understanding-the-tradeoff-between-debt-and-economic-growth-by-michael-boskin</link>
	<pubDate>Wed, 22 May 2013 15:00:22 +0000</pubDate>
	<dc:creator>Michael Boskin</dc:creator>
	
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			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Africa’s French Roadblock</title>
    <description><![CDATA[While some African countries now rank among the world's fastest-growing economies, others – including the 14 countries that form the franc zone – remain mired in poverty. To break out of it, franc-zone leaders must pursue complete emancipation from France, abandon the CFA franc, and build relations with China.]]></description>
	<comments>http://www.project-syndicate.org/commentary/lagging-economic-development-in-africa-s-franc-zone-by-sanou-mbaye</comments>
	<slash:comments>1</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/lagging-economic-development-in-africa-s-franc-zone-by-sanou-mbaye</guid>
    <link>http://www.project-syndicate.org/commentary/lagging-economic-development-in-africa-s-franc-zone-by-sanou-mbaye</link>
	<pubDate>Tue, 21 May 2013 13:50:14 +0000</pubDate>
	<dc:creator>Sanou Mbaye</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/262f4ad05805c76ebe92578218de0d9a.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Austere Illusions</title>
    <description><![CDATA[A government cannot liquidate its deficit if the source of its revenues, the national income, is diminishing. It is deficit reduction, not debt, that is profligate, because it implies wastage of available human and physical capital, quite apart from the resulting misery.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-predictable-failure-of-fiscal-austerity-by-robert-skidelsky</comments>
	<slash:comments>1</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-predictable-failure-of-fiscal-austerity-by-robert-skidelsky</guid>
    <link>http://www.project-syndicate.org/commentary/the-predictable-failure-of-fiscal-austerity-by-robert-skidelsky</link>
	<pubDate>Tue, 21 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Robert Skidelsky</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/7af05a63a6d158b4e832020a93acfb18.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Chris Van Es</media:copyright>
	</media:content>
	
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    <title>The Flawed Origins of Expansionary Austerity</title>
    <description><![CDATA[As the case for austerity in a time of recession has weakened under the continuing onslaught of facts (most notably the recessions in Europe), advocates of fiscal stimulus have found the missteps of their opponents Carmen Reinhart, Ken Rogoff, and Niall Ferguson to be convenient weapons. But they are the wrong weapons.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-case-against-expansionary-austerity-by-jeffrey-frankel</comments>
	<slash:comments>6</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-case-against-expansionary-austerity-by-jeffrey-frankel</guid>
    <link>http://www.project-syndicate.org/commentary/the-case-against-expansionary-austerity-by-jeffrey-frankel</link>
	<pubDate>Mon, 20 May 2013 15:20:13 +0000</pubDate>
	<dc:creator>Jeffrey Frankel</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/a9476b77c570378950f812fa8d754423.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Margaret Scott</media:copyright>
	</media:content>
	
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    <title>Learning About Growth from Austerity</title>
    <description><![CDATA[All countries face complex choices with respect to the timing of austerity, perceived sovereign credit risk, and growth-oriented reforms. Today, advanced countries' previous emphasis on austerity may be giving way to a more balanced approach to boosting economic growth and employment.]]></description>
	<comments>http://www.project-syndicate.org/commentary/moving-from-austerity-to-a-more-balanced-agenda-by-michael-spence</comments>
	<slash:comments>7</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/moving-from-austerity-to-a-more-balanced-agenda-by-michael-spence</guid>
    <link>http://www.project-syndicate.org/commentary/moving-from-austerity-to-a-more-balanced-agenda-by-michael-spence</link>
	<pubDate>Sat, 18 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Michael Spence</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/aabc272a4d8d976f7e05c2cc66a1a597.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Harnessing the Remittance Boom</title>
    <description><![CDATA[In Asia’s developing countries, the importance of remittances – the money that migrant workers send home to their families (many of whom live in poor and remote areas) – is immense. But, while remittances to these countries are five times higher than official aid, their potential economic-development benefits have not been realized.]]></description>
	<comments>http://www.project-syndicate.org/commentary/remittances-by-migrant-workers-as-a-development-tool-by-kanayo-f--nwanze</comments>
	<slash:comments>1</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/remittances-by-migrant-workers-as-a-development-tool-by-kanayo-f--nwanze</guid>
    <link>http://www.project-syndicate.org/commentary/remittances-by-migrant-workers-as-a-development-tool-by-kanayo-f--nwanze</link>
	<pubDate>Sat, 18 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Kanayo F. Nwanze</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/6a06469e043c3154511d87ef3439e688.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Open-Access Economics</title>
    <description><![CDATA[The brouhaha over Carmen Reinhart’s and Kenneth Rogoff’s article “Growth in a Time of Debt” has raised troubling questions not only about the efficacy of austerity, but also about the reliability of economic analysis. If a flawed study could appear in a prestigious working-paper series, why should anyone trust economic research?]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-real-problem-with-reinhart-and-rogoff-by-barry-eichengreen</comments>
	<slash:comments>11</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-real-problem-with-reinhart-and-rogoff-by-barry-eichengreen</guid>
    <link>http://www.project-syndicate.org/commentary/the-real-problem-with-reinhart-and-rogoff-by-barry-eichengreen</link>
	<pubDate>Fri, 17 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Barry Eichengreen</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/b44ba7c72ab3624aaae37895f6a82909.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Pedro Molina</media:copyright>
	</media:content>
	
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    <title>A New Deal for Fragile States</title>
    <description><![CDATA[Today, roughly one-fifth of the world’s population lives in conflict-affected and fragile states, despite vast sums of money spent aiding such states over the last 50 years. Obviously, the way that international and national partners engage such states must change radically.]]></description>
	<comments>http://www.project-syndicate.org/commentary/a-new-deal-for-fragile-states-by-erik-solheim</comments>
	<slash:comments>2</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/a-new-deal-for-fragile-states-by-erik-solheim</guid>
    <link>http://www.project-syndicate.org/commentary/a-new-deal-for-fragile-states-by-erik-solheim</link>
	<pubDate>Thu, 16 May 2013 12:50:12 +0000</pubDate>
	<dc:creator>Erik Solheim</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/bbb050b8dff3da8bed5647bfb9bf7931.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>The Importance of Doing Business</title>
    <description><![CDATA[There is much speculation that an independent panel currently reviewing the World Bank’s Doing Business project will recommend outsourcing it, removing its country rankings, or even eliminating it altogether. But gutting or cutting the annual report would be a serious mistake.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-world-bank-s-doing-business-report-in-jeopardy-by-ana-palacio</comments>
	<slash:comments>3</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-world-bank-s-doing-business-report-in-jeopardy-by-ana-palacio</guid>
    <link>http://www.project-syndicate.org/commentary/the-world-bank-s-doing-business-report-in-jeopardy-by-ana-palacio</link>
	<pubDate>Thu, 16 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Ana Palacio</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/1bc3e6d26cdb696a5f478b3f14d5d64a.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Dean Rohrer</media:copyright>
	</media:content>
	
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    <title>China’s E-Tail Revolution</title>
    <description><![CDATA[Mass consumption in China and other emerging economies is coming of age in the Internet era. Given that industry structures are still developing in many of these countries, e-tail is set to shape not only the retail landscape, but also the manufacturing and financial services industries – and even the urban landscape itself.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-rise-of-online-shopping-in-emerging-markets-by-richard-cooper-and-richard-dobbs</comments>
	<slash:comments>0</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-rise-of-online-shopping-in-emerging-markets-by-richard-cooper-and-richard-dobbs</guid>
    <link>http://www.project-syndicate.org/commentary/the-rise-of-online-shopping-in-emerging-markets-by-richard-cooper-and-richard-dobbs</link>
	<pubDate>Tue, 14 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Richard Cooper, et al. </dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/e5df5bc66f34d70fff373cbaafeebcc2.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Newsart</media:copyright>
	</media:content>
	
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    <title>Balancing the Technocrats</title>
    <description><![CDATA[Electoral cycles are such that monetary policy, banking, and many other areas must be regulated by those with professional competence and a much longer time horizon than that of politicians. But, if technocrats are allowed to determine long-term policy and set objectives, democracy itself is in serious jeopardy.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-false-promise-of-technocratic-governance-by-kemal-dervi</comments>
	<slash:comments>18</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-false-promise-of-technocratic-governance-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/the-false-promise-of-technocratic-governance-by-kemal-dervi</link>
	<pubDate>Fri, 10 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/c7a5906cd473eabf8efc600a40a4ad15.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Chris Van Es</media:copyright>
	</media:content>
	
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    <title>What Use Are Economists?</title>
    <description><![CDATA[Despite their protests to the contrary, Carmen Reinhart and Kenneth Rogoff have been accused of providing scholarly cover for a set of policies for which there was, in fact, limited supporting evidence. One clear lesson is that we need better rules of engagement between economic researchers and policymakers.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-provisional-nature-of-economic-research-by-dani-rodrik</comments>
	<slash:comments>14</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-provisional-nature-of-economic-research-by-dani-rodrik</guid>
    <link>http://www.project-syndicate.org/commentary/the-provisional-nature-of-economic-research-by-dani-rodrik</link>
	<pubDate>Fri, 10 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Dani Rodrik</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/17d18771f0657c3dfca25c69af25dc27.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Debt Without Drowning</title>
    <description><![CDATA[Given that dismantling the eurozone would trigger profound economic, social, and political upheaval throughout Europe, its leaders really have only one option: develop strategies aimed at bringing the eurozone closer to a fiscal union. They should begin with a debt-pooling scheme that satisfies three crucial requirements.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-debt-pooling-scheme-that-the-eurozone-needs-by-paul-de-grauwe</comments>
	<slash:comments>8</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-debt-pooling-scheme-that-the-eurozone-needs-by-paul-de-grauwe</guid>
    <link>http://www.project-syndicate.org/commentary/the-debt-pooling-scheme-that-the-eurozone-needs-by-paul-de-grauwe</link>
	<pubDate>Thu, 09 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Paul De Grauwe</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/10cc19901dbee07ceeb273cbc91828dc.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Europe’s Irrelevant Austerity Debate</title>
    <description><![CDATA[The debate about austerity and the cost of high public-debt levels misses a key point: public debt owed to foreigners is different from debt owed to residents. And that distinction is particularly important in the context of the euro crisis, which the evidence confirms is not really about sovereign debt, but about foreign debt.]]></description>
	<comments>http://www.project-syndicate.org/commentary/reinhart-and-rogoff-in-europe-by-daniel-gros</comments>
	<slash:comments>13</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/reinhart-and-rogoff-in-europe-by-daniel-gros</guid>
    <link>http://www.project-syndicate.org/commentary/reinhart-and-rogoff-in-europe-by-daniel-gros</link>
	<pubDate>Wed, 08 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Daniel Gros</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/1af94fb757383d0867c2113d3a733fc0.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Chris Van Es</media:copyright>
	</media:content>
	
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    <title>An Arab Marshall Plan</title>
    <description><![CDATA[The charged and uncertain political climate in the Arab Spring countries constrains economic-reform efforts. In order to create the political space for reform, Arab leaders must underwrite a regional growth pact that facilitates large-scale cross-border investment and dismantles regional trade barriers.]]></description>
	<comments>http://www.project-syndicate.org/commentary/a-growth-pact-for-the-arab-world-by-adeel-malik-and-bassem-awadallah</comments>
	<slash:comments>0</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/a-growth-pact-for-the-arab-world-by-adeel-malik-and-bassem-awadallah</guid>
    <link>http://www.project-syndicate.org/commentary/a-growth-pact-for-the-arab-world-by-adeel-malik-and-bassem-awadallah</link>
	<pubDate>Wed, 08 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Adeel Malik, et al. </dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/c0abacd303718c21b5d4d243ab32e802.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>The Problem with Poor Countries’ GDP</title>
    <description><![CDATA[Traditionally, one of the guiding factors for development aid has been per capita GDP – the value of goods and services produced by a country in a year divided by the country’s population. Yet GDP may be a very inaccurate indicator in the poorest countries, particularly in Sub-Saharan Africa.]]></description>
	<comments>http://www.project-syndicate.org/commentary/poor-countries-need-more-accurate-gdp-data-by-bill-gates</comments>
	<slash:comments>11</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/poor-countries-need-more-accurate-gdp-data-by-bill-gates</guid>
    <link>http://www.project-syndicate.org/commentary/poor-countries-need-more-accurate-gdp-data-by-bill-gates</link>
	<pubDate>Mon, 06 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Bill Gates</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/f7456d8c7780b0cee01be76755e24b57.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Civilizing the City</title>
    <description><![CDATA[Half of humanity – 3.5 billion people – live in urban areas today, and the movement of the rural poor to large cities is one of the exemplary narratives of the modern era. But cities in India and other major emerging countries are simply unable to cope with the influx of migrants on the current scale.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-urban-investment-imperative-in-the-developing-world-by-rajeev-chandrasekhar</comments>
	<slash:comments>1</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-urban-investment-imperative-in-the-developing-world-by-rajeev-chandrasekhar</guid>
    <link>http://www.project-syndicate.org/commentary/the-urban-investment-imperative-in-the-developing-world-by-rajeev-chandrasekhar</link>
	<pubDate>Sat, 04 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Rajeev Chandrasekhar</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/b85efa5e4d7889a0843e9d44b4b774b6.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>A New World’s New Development Bank</title>
    <description><![CDATA[The significance of the decision by the BRICS to create a new development bank that they will fund cannot be overemphasized. Emerging markets and developing countries are taking the future into their own hands – at a time when rich countries are muddling through their own self-inflicted problems.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-benefits-of-the-brics-development-bank</comments>
	<slash:comments>5</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-benefits-of-the-brics-development-bank</guid>
    <link>http://www.project-syndicate.org/commentary/the-benefits-of-the-brics-development-bank</link>
	<pubDate>Wed, 01 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Nicholas Stern, et al. </dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/c7a5906cd473eabf8efc600a40a4ad15.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Chris Van Es</media:copyright>
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    <title>A Fateful Mistake</title>
    <description><![CDATA[Adjustment fatigue is setting in, and governments risk losing support if they go much further in the effort to achieve fiscal consolidation. But the recent discrediting of the evidence on which hasty austerity has relied risks undermining the case for fiscal responsibility in the long run.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-discrediting-of-the-reinhart-rogoff-paper-and-austerity-fatigue-by-jean-pisani-ferry</comments>
	<slash:comments>8</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-discrediting-of-the-reinhart-rogoff-paper-and-austerity-fatigue-by-jean-pisani-ferry</guid>
    <link>http://www.project-syndicate.org/commentary/the-discrediting-of-the-reinhart-rogoff-paper-and-austerity-fatigue-by-jean-pisani-ferry</link>
	<pubDate>Wed, 01 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Jean Pisani-Ferry</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/92429b1741f1b8f3836abdccc9aa0b9f.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
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