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POLICY PAPERS
April 20, 2012
In this paper, written as the introduction to New Ideas on Development after the Financial Crisis (JHU Press, 2011), Nancy Birdsall discusses two themes. The first is the pre-crisis subtle shift in the prevailing model of capitalism in developing countries—away from orthodoxy or so-called market fun...
WORKING PAPERS
March 03, 2011
The last time a global depression originated in the United States, the impact was devastating not only for the world economy but for world politics as well. The Great Depression set the stage for a shift away from strict monetarism and laissez-faire policies toward Keynesian demand management. More ...
Sep
17
2009
11:30—1:00 PM
September 09, 2009
The global financial crisis that originated in the developed economies has hit low-income countries hard. As they were coping with the food and fuel price shocks of 2008, the crisis caused a sharp decline in world trade, falling commodity prices, and dropping remittances. In response, the IMF has un...