Ashoka Mody
explains the roots of the lack of accountability in India, highlights shortcomings in human capital and gender equality, casts doubt on the country’s ability to assume a Chinese-style role in manufacturing, and more.
While China and the US take advantage of scale to pursue large-scale investment in critical sectors, the EU struggles to follow suit, owing to its decentralized fiscal structures and rules limiting government subsidies to industry. A new EU-level investment program is urgently needed.
advocates a federal investment program, funded by EU sovereign-debt issuance and administered centrally.
华盛顿特区——
巴拉克·奥巴马提名本·伯南克连任美联储主席,这一决定不乏明智务实,却没什么值得庆贺。恰恰相反,我们应该借此机会好好反思:伯南克在内的经济学家集体找不着北,究竟如何推波助澜,引发了这场全球经济和金融危机。
说提名伯南克实明智,原因有二。其一,美国和全球经济仍陷于衰退泥淖。虽然彻底崩溃局面得以避免,从这种意义上可以说危机画上了句号,但是经济脆弱依旧。如此说来,不冒冲击信心之险,避免再次引发经济下行,不无道理。
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