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While many advanced economies increase government spending to unprecedented levels to mitigate the economic fallout of the COVID-19 pandemic, most developing countries have struggled to marshal even relatively small rescue packages. These differences reflect a systemic flaw in the global economy.... The Post-Colonial Era is really the neocolonial era.Project SyndicateMessages from “Fiscal Space” Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New DelhiAlso at PS The economic crisis that has befallen emerging and developing economies is being treated as temporary, with a moratorium on interest payments and a promise of commercial credits remaining valid only through the end of the
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While many advanced economies increase government spending to unprecedented levels to mitigate the economic fallout of the COVID-19 pandemic, most developing countries have struggled to marshal even relatively small rescue packages. These differences reflect a systemic flaw in the global economy.... The Post-Colonial Era is really the neocolonial era.Project SyndicateMessages from “Fiscal Space” Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New DelhiAlso at PS The economic crisis that has befallen emerging and developing economies is being treated as temporary, with a moratorium on interest payments and a promise of commercial credits remaining valid only through the end of the
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Mike Norman considers the following as important:
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While many advanced economies increase government spending to unprecedented levels to mitigate the economic fallout of the COVID-19 pandemic, most developing countries have struggled to marshal even relatively small rescue packages. These differences reflect a systemic flaw in the global economy....The Post-Colonial Era is really the neocolonial era.
Project Syndicate
Messages from “Fiscal Space”
Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi
Barry Eichengreen
Also at PS
The economic crisis that has befallen emerging and developing economies is being treated as temporary, with a moratorium on interest payments and a promise of commercial credits remaining valid only through the end of the year. In other words, the policy response is woefully inadequate to these countries' situation....Managing the Coming Global Debt Crisis
Barry Eichengreen