We are smack in the middle of a crisis that will only get much worse before getting better, a crisis that could entail the worst recession since the Great Depression and one that could reverse much of the gains from globalization. Policy makers need to react more quickly than they have to contain the crisis from becoming much worse than currently envisaged. An often-overlooked resource is the past. Full Story »
Posted by Kaizar CampwalaTo:
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This does a decent job setting up the Third World debt crisis and the current global economic crisis as parallels. But it's far too long and wordy to be of much use to normal news consumers. The two authors are obviously qualified to discuss this topic, but the writing could have been more concise and palatable. There are a couple unnecessary rhetorical questions, and some exclamation points around the middle of the first page that don't exactly keep the tone sober and neutral. Just tell me what I need to know, please.
