All change or plus ça change . . .? The global financial crisis and four key drivers of the world economy

Economics Australia

It's now common to hear the claim that the global financial crisis will fundamentally change the world economy. In a new paper in the Lowy Institute's Perspectives series, Mark Thirlwell asks whether the changing facts about the world economy - plummeting growth, soaring risk aversion, collapsing commodity prices, and a massive expansion in the role of government – are so significant that we have to change our minds about the fundamental ways in which the world now works.


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