G-20 Summit Communique: Implications for the Global Poor

The problem, as many Europeans see it, is that the U.S. stimulus package had to be as large as it was, and so much of it had to be devoted to social safety-net programs simply because the United States was not carrying its fair share of the global burden of putting in place programs that would ensure economic stability in the first place. Full Story »

Posted by Kaizar Campwala

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Kaizar Campwala
3.5
by Kaizar Campwala - Apr. 3, 2009

targeting developing nations rather than developed nations for more spending may have more systemic benefit for the same reason that increased safety-net expenditures domestically are more efficient and more immediate in economic stimulative impact than many other policy options. Those with fewer resources will spend rather than save.

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