Crisis in slow motion
The trouble is, there is little tangible sense, either among politicians or in the country at large, that a crisis is brewing. And if the economy continues its cyclical improvement, the urgency of reform may appear even less compelling.
AND FATEFULLY: the lessons from Japan are important for all countries, such as America, Britain and parts of Europe, that have suffered a big asset bust. It shows that in the aftermath of a meltdown, slow growth, low productivity, rising public debt and deflationary pressures can last a lot longer than anyone thinks—and that policymakers can make all sorts of mistakes as they try to escape them.
Let's consider the following article «Sleepwalking towards disaster».
As well as in the previous research, it is a question of three important problems of econ
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