Unsustainable growth paths often end in a sudden stop of capital inflows, Sudden stops are always painful . But the way to minimize the pain is to cut spending without cutting output, which requires selling to others what residents can no longer afford. In other word EXPORTS . Ricardo Hausmann

Unsustainable growth paths often end in a sudden stop of capital inflows, Sudden stops are always painful . But the way to minimize the pain is to cut spending without cutting output, which requires selling to others what residents can no longer afford. In other word EXPORTS . Ricardo Hausmann
by Nasr El-Deen Abou-Taleb

June 07, 2015 at 07:03PM
from Facebook
via IFTTTfrom Facebook
via IFTTT