Paper based on the Asia Europe Economic Forum conference of 21-22 January 2013.
The deleveraging suggested ways by this paper cannot and will not be achievable under the current cyclical runoffs trickle-down economics: first, because the globalization, rising productivity, and China\'s overproduction have passed the turring point of industrial production globally that would not allow the developed economies to pickup the needed for such deleveraging growth, neither the undeveloped markets to industrialise to pickup the needed demand, and second, the crediting system nationally and globally relies on relatively high lending rates to SME and Middle Class rates that by itself could not perform under the conditions of low profitability, and third, the global financial system benefits the have it against the have nots that worked well in the past but right now is shortening demand and consumption....., the economic system does not perform on macroeconomic levels whereas the EU is the best example of it....
Reply to joshua ioji konov |
“Jean Pisani-Ferry was the first Director of Bruegel from 2005-2013. He is currently the Commissioner-General of the French Prime Minister’s Policy Planning Staff in Paris and professor of economics with Hertie…”
“Mr Kawai joined ADBI in January 2007 after serving as Head of ADB's Office of Regional Economic Integration (OREI) and Special Advisor to the ADB…”
“To see He Fan's biography you can go to his personal IWEP page ”
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