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                <title>International Economics | Project Syndicate RSS-Feed</title>
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                  <![CDATA[<p>International Economics</p>]]>
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                <lastBuildDate>Sat, 18 May 2013 10:54:48 +0000</lastBuildDate>
                <category>International Economics</category>
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                   <title>International Economics | Project Syndicate RSS-Feed</title>
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                  <![CDATA[<p>International Economics</p>]]>
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                <ttl>40</ttl>
                  
  <item>
    <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>4</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 16:10:04 +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>
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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>
	
  </item>
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    <title>Oily Dirt</title>
    <description><![CDATA[Debates over the Keystone XL oil pipeline, which would extend from Canada’s Athabasca tar sands to the Texas Gulf Coast, pit energy efficiency against energy security. By offering conditional approval of the pipeline, Barack Obama can advance its economic and diplomatic benefits, while mitigating its environmental costs.]]></description>
	<comments>http://www.project-syndicate.org/commentary/how-obama-should-approve-the-keystone-xl-pipeline-by-randall-morck</comments>
	<slash:comments>1</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/how-obama-should-approve-the-keystone-xl-pipeline-by-randall-morck</guid>
    <link>http://www.project-syndicate.org/commentary/how-obama-should-approve-the-keystone-xl-pipeline-by-randall-morck</link>
	<pubDate>Wed, 15 May 2013 13:00:26 +0000</pubDate>
	<dc:creator>Randall Morck</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/2e374bb1df09bc90672be2c687fea7c2.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>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>Green Sovereign Wealth</title>
    <description><![CDATA[Despite the need for increased transparency in sovereign-wealth funds' operations, their value as long-term investors should not be underestimated. By shifting investment toward low-carbon, environmentally friendly infrastructure projects, SWFs could achieve their primary objective: the transfer of wealth to future generations.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-risks-and-benefits-of-sovereign-wealth-funds-by-emmanuel-guerin</comments>
	<slash:comments>0</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-risks-and-benefits-of-sovereign-wealth-funds-by-emmanuel-guerin</guid>
    <link>http://www.project-syndicate.org/commentary/the-risks-and-benefits-of-sovereign-wealth-funds-by-emmanuel-guerin</link>
	<pubDate>Mon, 13 May 2013 13:50:12 +0000</pubDate>
	<dc:creator>Emmanuel Guerin</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/9e0be9a258d806088bd97acfe54da205.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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  <item>
    <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>17</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>
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  <item>
    <title>The Mismeasure of Poverty</title>
    <description><![CDATA[In 2012, outgoing World Bank President Robert Zoellick announced that the goal of halving global poverty relative to its 1990 level had been achieved in 2010 – five years ahead of schedule. But three problems – insufficient survey data, flawed survey execution, and faulty price conversions – undermine the accuracy of such estimates.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-weakness-of-global-poverty-estimates-by-jomo-kwame-sundaram</comments>
	<slash:comments>3</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-weakness-of-global-poverty-estimates-by-jomo-kwame-sundaram</guid>
    <link>http://www.project-syndicate.org/commentary/the-weakness-of-global-poverty-estimates-by-jomo-kwame-sundaram</link>
	<pubDate>Fri, 10 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Jomo Kwame Sundaram</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/ec70273eda0a27482d8a8296d12ac7a6.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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  <item>
    <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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  <item>
    <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>12</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>Europe’s National Wild Cards</title>
    <description><![CDATA[After almost 70 years of peace, Europeans seem to have forgotten why unity was so important, indulging nationalist sentiment without regard for its potential consequences. At the same time, they fail to grasp that their economies are too closely interconnected for independent economic policy to work.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-uk-s-risky-renegotiation-of-eu-membership-by-john-bruton</comments>
	<slash:comments>1</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-uk-s-risky-renegotiation-of-eu-membership-by-john-bruton</guid>
    <link>http://www.project-syndicate.org/commentary/the-uk-s-risky-renegotiation-of-eu-membership-by-john-bruton</link>
	<pubDate>Tue, 07 May 2013 13:50:19 +0000</pubDate>
	<dc:creator>John Bruton</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/1aad944f4be47d9339e46ae49c20a8c7.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 Hacker’s Market?</title>
    <description><![CDATA[Never in the history of written communication could 140 characters have the impact that they can have now, as the recent hacking of the Associated Press's Twitter account revealed. Because few mechanisms can prevent hoaxed tweets, and given powerful incentives to broadcast them, malicious attacks can be expected to proliferate.]]></description>
	<comments>http://www.project-syndicate.org/commentary/financial-markets--inevitable-vulnerability-to-twitter-hoaxes-by-chris-clearfield-and-andr-s-tilcsik</comments>
	<slash:comments>0</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/financial-markets--inevitable-vulnerability-to-twitter-hoaxes-by-chris-clearfield-and-andr-s-tilcsik</guid>
    <link>http://www.project-syndicate.org/commentary/financial-markets--inevitable-vulnerability-to-twitter-hoaxes-by-chris-clearfield-and-andr-s-tilcsik</link>
	<pubDate>Tue, 07 May 2013 13:00:24 +0000</pubDate>
	<dc:creator>Chris Clearfield, et al. </dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/b4198239020d87c5b0885658cf3444b4.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>Lives versus Profits</title>
    <description><![CDATA[The US Supreme Court recently began deliberations in a case that will determine whether human genes may be patented. But we already know that permitting gene patents results in inefficiencies – including monopoly profits and a failure to maximize the use of knowledge – that impede the pace of innovation.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-myriad-problems-of-intellectual-property-by-joseph-e--stiglitz</comments>
	<slash:comments>7</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-myriad-problems-of-intellectual-property-by-joseph-e--stiglitz</guid>
    <link>http://www.project-syndicate.org/commentary/the-myriad-problems-of-intellectual-property-by-joseph-e--stiglitz</link>
	<pubDate>Mon, 06 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Joseph E. Stiglitz</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/eef41c9a8e58f8fce3aa2f1350e9fc12.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>Pakistan’s Tipping Point</title>
    <description><![CDATA[Pakistan’s moment of political truth is fast approaching. On May 11, some 40-50 million voters will elect a new national assembly – and the result, preceded by a spike in extremist violence, is likely to reverberate far and wide.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-upcoming-pakistani-election-and-the-country-s-political-fate-by-shahid-javed-burki</comments>
	<slash:comments>2</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-upcoming-pakistani-election-and-the-country-s-political-fate-by-shahid-javed-burki</guid>
    <link>http://www.project-syndicate.org/commentary/the-upcoming-pakistani-election-and-the-country-s-political-fate-by-shahid-javed-burki</link>
	<pubDate>Fri, 03 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Shahid Javed Burki</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/dd3fc11be6acc91f080a4ebd669c4692.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>The Japanese Experiment</title>
    <description><![CDATA[Weeks into Japan's paradigm shift in economic policy, optimism that the country may end a quarter-century of economic stagnation is balanced by fears that the authorities' new approach may make things worse. And, while debate naturally focuses on Japan's internal maneuvers, the tipping point may lie abroad.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-uncertain-impact-of-japan-s-policy-revolution-by-mohamed-a--el-erian</comments>
	<slash:comments>9</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-uncertain-impact-of-japan-s-policy-revolution-by-mohamed-a--el-erian</guid>
    <link>http://www.project-syndicate.org/commentary/the-uncertain-impact-of-japan-s-policy-revolution-by-mohamed-a--el-erian</link>
	<pubDate>Fri, 03 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Mohamed A. El-Erian</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/6f09b419bd693882f9641fef38c858e3.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 New Economy of Fealty</title>
    <description><![CDATA[Since the late twentieth century, most employment growth has come in services, particularly personal services – a pattern that looks like a reversal of a previous historical trend. Indeed, the element of personal dependence that many of the new service jobs imply is a throwback to the preindustrial world.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-rise-of-services-and-personal-dependence-by-harold-james</comments>
	<slash:comments>5</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-rise-of-services-and-personal-dependence-by-harold-james</guid>
    <link>http://www.project-syndicate.org/commentary/the-rise-of-services-and-personal-dependence-by-harold-james</link>
	<pubDate>Thu, 02 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Harold James</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/93cfb60ccf6b921a2db43c484c6bc3eb.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>Controlling China’s Currency</title>
    <description><![CDATA[China is stuck in a currency-creating cycle: GDP growth encourages investment, which boosts demand for capital, creates liquidity, and stimulates further GDP growth. The key to controlling the money supply is to prevent the government from becoming a second currency-creating body.]]></description>
	<comments>http://www.project-syndicate.org/commentary/why-china-s-money-supply-is-soaring-by-zhang-monan</comments>
	<slash:comments>2</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/why-china-s-money-supply-is-soaring-by-zhang-monan</guid>
    <link>http://www.project-syndicate.org/commentary/why-china-s-money-supply-is-soaring-by-zhang-monan</link>
	<pubDate>Wed, 01 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Zhang Monan</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/93411d08497ea9fa0eb4637e336b0674.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>
	</media:content>
	
  </item>
  <item>
    <title>America’s Healthy Path to Fiscal Health</title>
    <description><![CDATA[Over the last five years, growth in US health-care spending has slowed dramatically. If that trend continues, America’s fiscal position would strengthen significantly, because the two main government health-care programs, Medicare and Medicaid, are the largest contributors to the long-term federal budget deficit.]]></description>
	<comments>http://www.project-syndicate.org/commentary/inside-the-dramatic-decline-in-us-health-spending-by-laura-tyson</comments>
	<slash:comments>3</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/inside-the-dramatic-decline-in-us-health-spending-by-laura-tyson</guid>
    <link>http://www.project-syndicate.org/commentary/inside-the-dramatic-decline-in-us-health-spending-by-laura-tyson</link>
	<pubDate>Tue, 30 Apr 2013 09:00:00 +0000</pubDate>
	<dc:creator>Laura Tyson</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/5d9ad2c89c3569438f7b78f352355150.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
  </item>

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