Section outline

  • 9 October 2012 (room XXV) - Post-crisis policy challenges in the world economy

    This short session will examine the global economic crisis and the implications it has for development.  It will look at the slowing down of global growth and also discuss the two-speed recovery which appears to reflect wide differences in domestic demand in both developing and developed markets.  While strong wage growth and sustained public support have prolonged the recovery in investment and domestic demand in developing countries, the issue with most developed economies is that private demand is subdued due to stagnating wages and little improvement in employment. What lessons have being learnt from the crisis and have system reform and supportive pro-growth macroeconomic policies being given sufficient leverage to address these imbalances?  

    Delivered by: Division on Globalization and Development Strategies