Rediscovering Growth
：After the Crisis
( 1 )
Publication subTitle ：After the Crisis
Publication series ：1
Publisher： London Publishing Partnership
Publication year： 2013
E-ISBN: 9781907994289
P-ISBN(Paperback): 9781907994159
P-ISBN(Hardback): 9781907994159
Subject： F1 The World Economic Profiles , Economic History , Economic Geography
Keyword： 世界各国经济概况、经济史、经济地理
Language： ENG
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Description
The difficult economic climate in Europe and the United States since the financial crisis is set to continue as the New Normal, despite frantic efforts to stimulate growth. The long phase of expansion that lasted from the 1980s until 2008 was driven by easy money, cheap imports and confidence – all gone. And the shift of geopolitical power to Asia is permanent. This does not mean that Western economies are inevitably condemned to ‘lost decades’ ahead. They can rediscover productivity and growth – but governments face formidable political obstacles to the reforms this would require.