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.
东京—
欧元区(eurozone)有时被美国人(以及一些亚洲人)称为“欧元乐园”(Euroland)。这个绰号大概脱胎于“迪斯尼乐园”(Disneyland)——一充满幻想的地方,明显带有揶揄的味道。
自欧元首次被提上日程以来,怀疑派(美国人为主)和力挺派(欧洲人为主)之间的激烈争论便从未停止。争论的内容包括单一货币的先决经济条件、对成员国的好处以及政治上的可行性。主张亚洲一体化的亚洲经济学家对此颇为诧异——双方的裂痕不在于经济理论的分歧,比如“凯恩斯学派”与“新古典派”之争或是“自由派”与“保守派”之争,而在于大西洋两岸的地理差别。
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