The Global Macroeconomic Situation and Policy Implications

• Tác giả: Milan Brahmbhatt
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.5 Macroeconomic policy
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 291089
• Chủ đề: 1. ADVISORY SERVICE; 2. AGGREGATE DEMAND; 3. ASSET CLASSES; 4. ASSET MARKETS; 5. ASSET PRICES

Tóm tắt

This PREM note provides some perspectives on the ongoing financial turmoil and the present complicated situation in the world economy. Two unifying themes can help to organize the discussion. First, the world economy is working its way through the aftershocks of a major global credit boom-and-bust cycle. A second cross-cutting theme is the emergence of developing countries as major players in the world economy. The combination of these trends could, over time, undermine existing structures of international economic cooperation.