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The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
Persistent link: https://www.econbiz.de/10012840241
. World Trade Organization disciplines raise the cost of using trade policies for member countries and have proved to be a …
Persistent link: https://www.econbiz.de/10012975670
the World Bank in response to the global economic crisis of 2008-2009. Given trends in the imposition of new crisis …
Persistent link: https://www.econbiz.de/10012976545
In spite of the United States' recovery, most Caribbean nations are still struggling in the aftermath of the 2007?08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth relates to that of key drivers of the global economy. The...
Persistent link: https://www.econbiz.de/10012970171
As the world recovers only slowly from the 2008 financial crisis and Europe is facing a looming debt crisis, concerns … slow to recede. Consequently, the global recovery may continue to be fragile for years to come. What the world needs now is …
Persistent link: https://www.econbiz.de/10012975511
likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are …
Persistent link: https://www.econbiz.de/10012976162
The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration and remittances. For most low-income countries, shocks that affect food prices or wage...
Persistent link: https://www.econbiz.de/10012976362
economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …
Persistent link: https://www.econbiz.de/10012976477
This study investigates how government ideology matters for the success of World Bank economic policy loans, which … typically support market-liberalizing reforms. A simple model predicts that World Bank staff will invest more effort in … equations indicate that leftist governments comply more fully with loan agreements. Results also suggest that World Bank …
Persistent link: https://www.econbiz.de/10012975132
This paper reviews the literature relevant to understanding political constraints to economic reforms. Reform refers to changes in government policies or institutional rules because status quo policies and institutions are not working well to achieve the goals of economic well-being and...
Persistent link: https://www.econbiz.de/10012945077