Ascent After Decline by Otaviano Canuto

Ascent After Decline by Otaviano Canuto

The Great Recession of 2009-11 was not simply a severe business cycle slowdown or even a combined credit, housing, and asset market collapse. It left permanent scars, especially on the advanced economies. In its wake, policy makers must navigate uncharted economic territory where 'business as usual' no longer applies and deep structural changes mark the global economic landscape. Fundamental questions about the daunting task of 'regrowing growth' have now taken center stage for economists, politicians, and policy makers alike: Will international capital flows be encouraged or discouraged? How open will export markets be, given the structural changes and their implications for employment? How much reliance will there be on market solutions when governments--now overly indebted and wary of additional relief expenditures--are expected to deliver on the promise of economic growth? Without a resurrection of strong economic growth in major economies, the likelihood of rapid economic development in poor developing countries is dampened. The nature of that ascent is the subject of this volume. In Ascent after Decline, more than a dozen distinguished contributors scan the economic horizon, spell out the new fiscal reality, and highlight the policy choices on which economic regrowth will depend. If the Great Recession has taught one lesson, it is that when fundamental shifts occur, the outcomes will entail new elements that shape future directions and affect policy. How these pressing policy questions are answered will, in large measure, determine the future face of globalization.

Aleksandr V. Gevorkyan is Assistant Professor of Economics in the Department of Economics and Finance in the Peter J. Tobin College of Business at St. John's University, USA, and a Vincentian Research Fellow at the Vincentian Centre for Church and Society, USA. He also serves as Economics Subject Matter Expert for the Permanent Observer Mission of the Holy See to the United Nations, and he has worked as a Visiting Research Fellow at the Central Bank of Armenia. Gevorkyan's extensive teaching and research experience covers themes in macroeconomic policy, economic development, international financial economics, labor migration, sovereign debt, commodities markets, and post-socialist transition economics. He is the author of Innovative Fiscal Policy and Economic Development in Transition Economies (2011). Otaviano Canuto is Executive Director of the Board of the International Monetary Fund for Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Timor Leste, and Trinidad and Tobago. He previously served as Vice President, Executive Director and Senior Adviser on BRICS economies at the World Bank, as well as Vice President at the Inter-American Development Bank. Canuto has also served the Government of Brazil, where he was State Secretary for International Affairs at the Ministry of Finance. He has an extensive academic background, having served as Professor of Economics at the University of Sao Paulo and University of Campinas, both in Brazil.

SKU	Nicht verfügbar
ISBN 13	9780821389423
ISBN 10	0821389424
Titel	Ascent After Decline
Autor	Otaviano Canuto
Buchzustand	Nicht verfügbar
Bindungsart	Paperback
Verlag	World Bank Publications
Erscheinungsjahr	2012-02-29
Seitenanzahl	325
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis	Nicht verfügbar