Ascent after Decline : Regrowing Global Economies after the Great Recession

This volume combines the analyses of leading experts on the various elements affecting economic growth and the policies required to spur that growth. Ascent after Decline: Regrowing Global Economies after the Great Recession identifies the main cha...

Full description

Bibliographic Details
Main Authors: Canuto, Otaviano, Leipziger, Danny M.
Format: Publication
Language:English
Published: World Bank 2012
Subjects:
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20120119233158
http://hdl.handle.net/10986/2233
id okr-10986-2233
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ADVANCED COUNTRIES
ADVANCED ECONOMIES
AGGREGATE DEMAND
ARBITRAGE
ASSET PRICES
ASSETS
BALANCE SHEETS
BANK CREDIT
BANK GOVERNORS
BANKING SECTOR
BANKING SYSTEMS
BUSINESS CYCLE
CAPITAL ACCUMULATION
CAPITAL ADEQUACY
CAPITAL FLOW
CAPITAL FLOWS
CAPITAL INFLOWS
CENTRAL BANK
CENTRAL BANK POLICY
CENTRAL BANKS
CLIENT COUNTRIES
COLLATERAL
COMMON CURRENCY
COMMUNICATION TECHNOLOGY
COMPETITIVE EXCHANGE RATE
COMPETITIVENESS
CONSOLIDATION
CONSUMER DURABLES
COPYRIGHT CLEARANCE
COPYRIGHT CLEARANCE CENTER
CORPORATE TAX
CREDITWORTHINESS
CURRENT ACCOUNT
CURRENT ACCOUNT BALANCE
CURRENT ACCOUNT BALANCES
CURRENT ACCOUNT DEFICIT
CURRENT ACCOUNT DEFICITS
CURRENT ACCOUNT IMBALANCES
CURRENT ACCOUNT POSITIONS
CURRENT ACCOUNT SURPLUSES
DEBT CRISIS
DEBT SERVICE
DEBT SUSTAINABILITY
DEPENDENCY RATIO
DEPRESSION
DEREGULATION
DEVALUATION
DEVELOPING COUNTRIES
DEVELOPING ECONOMIES
DEVELOPING ECONOMY
DISCOUNT RATE
DOMESTIC CREDIT
DOMESTIC DEBT
DOMESTIC DEMAND
DOMESTIC REAL INTEREST RATES
ECONOMIC DEVELOPMENT
ECONOMIC ENVIRONMENT
ECONOMIC GROWTH
ECONOMIC POLICY
ECONOMIES OF SCALE
EMERGING ECONOMIES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING-MARKET
EQUILIBRIUM
EQUITY MARKETS
EXCESS CAPACITY
EXCESS SUPPLY
EXCHANGE RATE
EXCHANGE RATE FLEXIBILITY
EXCHANGE RATE POLICIES
EXCHANGE RATES
EXOGENOUS SHOCKS
EXPORT MARKETS
EXPORT PERFORMANCE
EXPOSURE
EXTERNAL DEFICITS
EXTERNAL DEMAND
FEDERAL RESERVE
FINANCIAL CONSTRAINTS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEVELOPMENT
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL REFORM
FINANCIAL SECTOR
FINANCIAL STABILITY
FINANCIAL VOLATILITY
FINANCIAL VULNERABILITY
FISCAL CONSOLIDATION
FISCAL DEFICITS
FISCAL IMBALANCES
FISCAL POLICIES
FISCAL POLICY
FLOWS OF CAPITAL
FOOD PRICES
FOREIGN DIRECT INVESTMENT
FOREIGN RESERVES
GLOBAL DEMAND
GLOBAL ECONOMIES
GLOBAL ECONOMY
GLOBAL FINANCE
GLOBAL IMBALANCES
GLOBAL MARKET
GLOBAL MARKETS
GLOBALIZATION
GOVERNMENT BONDS
GOVERNMENT DEBT
GOVERNMENT SECURITIES
GROSS DOMESTIC PRODUCT
GROSS NATIONAL INCOME
GROWTH PERFORMANCE
GROWTH RATES
HARMONIZATION
HUMAN CAPITAL
IMBALANCE
IMPORT
IMPORT DEMAND
IMPORT PROTECTION
IMPORTS
INCOME TAX
INDEBTEDNESS
INDUSTRIAL COUNTRIES
INFLATION
INFLATIONARY PRESSURE
INFORMATION TECHNOLOGY
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE PROJECTS
INTELLECTUAL PROPERTY
INTEREST RATE
INTEREST RATES
INTERNATIONAL BUSINESS
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCIAL ARCHITECTURE
INTERNATIONAL MONETARY SYSTEM
INTERNATIONAL RESERVE
INTERNATIONAL TRADE
INVESTMENT RATIOS
JOINT VENTURE
LABOR MARKET
LABOR MARKETS
LEVERAGE
LIBERALIZATION
LIBERALIZATION OF TRADE
LIQUIDITY
MACROECONOMIC POLICY
MACROECONOMIC STABILIZATION
MARKET SEGMENT
MARKET SEGMENTS
MARKET SHARES
MONETARY POLICIES
MONETARY POLICY
MONIES
MORTGAGES
NATIONAL SAVING
NATURAL RESOURCE
NATURAL RESOURCES
OIL EXPORTERS
OIL PRICE
OIL-EXPORTING COUNTRIES
OPEN ECONOMIES
OUTPUT
OUTPUT DECLINE
OUTPUT GAPS
OUTPUT RESPONSE
PENSION
PENSION LIABILITIES
PERSISTENT UNEMPLOYMENT
POVERTY REDUCTION
PRIVATE CONSUMPTION
PRIVATE CREDIT
PRIVATE INVESTMENT
PROTECTIONIST MEASURES
PUBLIC DEBT
PUBLIC EXPENDITURES
PUBLIC SPENDING
PUBLIC-PRIVATE PARTNERSHIP
REAL DEPRECIATION
REAL EFFECTIVE EXCHANGE RATES
RECESSION
RECESSIONS
REGIONAL MARKETS
REGULATORY REFORM
RESERVE CURRENCY
RISK CAPITAL
SECTOR LIBERALIZATION
SECTOR REFORM
SHORTFALLS
SLACK
SLOW GROWTH
SLOWDOWN
SOVEREIGN DEBT
STEADY STATE
STOCK MARKET
STOCK MARKET CAPITALIZATION
STRUCTURAL REFORM
STRUCTURAL REFORMS
SURPLUS
SURPLUS COUNTRIES
TAX RATE
TAX REFORM
TAX REFORMS
TRADE DEFICITS
TRADE OPENNESS
TRADE PATTERNS
TRADING SYSTEM
UNCERTAINTY
UNEMPLOYMENT RATES
WORLD ECONOMY
spellingShingle ADVANCED COUNTRIES
ADVANCED ECONOMIES
AGGREGATE DEMAND
ARBITRAGE
ASSET PRICES
ASSETS
BALANCE SHEETS
BANK CREDIT
BANK GOVERNORS
BANKING SECTOR
BANKING SYSTEMS
BUSINESS CYCLE
CAPITAL ACCUMULATION
CAPITAL ADEQUACY
CAPITAL FLOW
CAPITAL FLOWS
CAPITAL INFLOWS
CENTRAL BANK
CENTRAL BANK POLICY
CENTRAL BANKS
CLIENT COUNTRIES
COLLATERAL
COMMON CURRENCY
COMMUNICATION TECHNOLOGY
COMPETITIVE EXCHANGE RATE
COMPETITIVENESS
CONSOLIDATION
CONSUMER DURABLES
COPYRIGHT CLEARANCE
COPYRIGHT CLEARANCE CENTER
CORPORATE TAX
CREDITWORTHINESS
CURRENT ACCOUNT
CURRENT ACCOUNT BALANCE
CURRENT ACCOUNT BALANCES
CURRENT ACCOUNT DEFICIT
CURRENT ACCOUNT DEFICITS
CURRENT ACCOUNT IMBALANCES
CURRENT ACCOUNT POSITIONS
CURRENT ACCOUNT SURPLUSES
DEBT CRISIS
DEBT SERVICE
DEBT SUSTAINABILITY
DEPENDENCY RATIO
DEPRESSION
DEREGULATION
DEVALUATION
DEVELOPING COUNTRIES
DEVELOPING ECONOMIES
DEVELOPING ECONOMY
DISCOUNT RATE
DOMESTIC CREDIT
DOMESTIC DEBT
DOMESTIC DEMAND
DOMESTIC REAL INTEREST RATES
ECONOMIC DEVELOPMENT
ECONOMIC ENVIRONMENT
ECONOMIC GROWTH
ECONOMIC POLICY
ECONOMIES OF SCALE
EMERGING ECONOMIES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING-MARKET
EQUILIBRIUM
EQUITY MARKETS
EXCESS CAPACITY
EXCESS SUPPLY
EXCHANGE RATE
EXCHANGE RATE FLEXIBILITY
EXCHANGE RATE POLICIES
EXCHANGE RATES
EXOGENOUS SHOCKS
EXPORT MARKETS
EXPORT PERFORMANCE
EXPOSURE
EXTERNAL DEFICITS
EXTERNAL DEMAND
FEDERAL RESERVE
FINANCIAL CONSTRAINTS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEVELOPMENT
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL REFORM
FINANCIAL SECTOR
FINANCIAL STABILITY
FINANCIAL VOLATILITY
FINANCIAL VULNERABILITY
FISCAL CONSOLIDATION
FISCAL DEFICITS
FISCAL IMBALANCES
FISCAL POLICIES
FISCAL POLICY
FLOWS OF CAPITAL
FOOD PRICES
FOREIGN DIRECT INVESTMENT
FOREIGN RESERVES
GLOBAL DEMAND
GLOBAL ECONOMIES
GLOBAL ECONOMY
GLOBAL FINANCE
GLOBAL IMBALANCES
GLOBAL MARKET
GLOBAL MARKETS
GLOBALIZATION
GOVERNMENT BONDS
GOVERNMENT DEBT
GOVERNMENT SECURITIES
GROSS DOMESTIC PRODUCT
GROSS NATIONAL INCOME
GROWTH PERFORMANCE
GROWTH RATES
HARMONIZATION
HUMAN CAPITAL
IMBALANCE
IMPORT
IMPORT DEMAND
IMPORT PROTECTION
IMPORTS
INCOME TAX
INDEBTEDNESS
INDUSTRIAL COUNTRIES
INFLATION
INFLATIONARY PRESSURE
INFORMATION TECHNOLOGY
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE PROJECTS
INTELLECTUAL PROPERTY
INTEREST RATE
INTEREST RATES
INTERNATIONAL BUSINESS
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCIAL ARCHITECTURE
INTERNATIONAL MONETARY SYSTEM
INTERNATIONAL RESERVE
INTERNATIONAL TRADE
INVESTMENT RATIOS
JOINT VENTURE
LABOR MARKET
LABOR MARKETS
LEVERAGE
LIBERALIZATION
LIBERALIZATION OF TRADE
LIQUIDITY
MACROECONOMIC POLICY
MACROECONOMIC STABILIZATION
MARKET SEGMENT
MARKET SEGMENTS
MARKET SHARES
MONETARY POLICIES
MONETARY POLICY
MONIES
MORTGAGES
NATIONAL SAVING
NATURAL RESOURCE
NATURAL RESOURCES
OIL EXPORTERS
OIL PRICE
OIL-EXPORTING COUNTRIES
OPEN ECONOMIES
OUTPUT
OUTPUT DECLINE
OUTPUT GAPS
OUTPUT RESPONSE
PENSION
PENSION LIABILITIES
PERSISTENT UNEMPLOYMENT
POVERTY REDUCTION
PRIVATE CONSUMPTION
PRIVATE CREDIT
PRIVATE INVESTMENT
PROTECTIONIST MEASURES
PUBLIC DEBT
PUBLIC EXPENDITURES
PUBLIC SPENDING
PUBLIC-PRIVATE PARTNERSHIP
REAL DEPRECIATION
REAL EFFECTIVE EXCHANGE RATES
RECESSION
RECESSIONS
REGIONAL MARKETS
REGULATORY REFORM
RESERVE CURRENCY
RISK CAPITAL
SECTOR LIBERALIZATION
SECTOR REFORM
SHORTFALLS
SLACK
SLOW GROWTH
SLOWDOWN
SOVEREIGN DEBT
STEADY STATE
STOCK MARKET
STOCK MARKET CAPITALIZATION
STRUCTURAL REFORM
STRUCTURAL REFORMS
SURPLUS
SURPLUS COUNTRIES
TAX RATE
TAX REFORM
TAX REFORMS
TRADE DEFICITS
TRADE OPENNESS
TRADE PATTERNS
TRADING SYSTEM
UNCERTAINTY
UNEMPLOYMENT RATES
WORLD ECONOMY
Canuto, Otaviano
Leipziger, Danny M.
Ascent after Decline : Regrowing Global Economies after the Great Recession
description This volume combines the analyses of leading experts on the various elements affecting economic growth and the policies required to spur that growth. Ascent after Decline: Regrowing Global Economies after the Great Recession identifies the main challenges to the economic recovery, such as rising debt levels, reduced trade prospects, and global imbalances, as well as the obstacles to growth posed by fiscal conundrums and lagging infrastructure. It also examines the way forward, beginning with the role of the state and then covering labor markets, information technology, and innovation. The common thread throughout the book is the view that economic re-growth will depend in large measure on smart policy choices and that the role of government has never been more crucial than at any time since the great depression. As members of the World Bank community, these issues are of particular importance to us, since without a resurrection of strong economic growth in major economies, the likelihood of rapid economic development in poorer developing countries is dampened. This is troubling because we have seen progress in many parts of the globe in the past decade, including in Africa, and these gains will be arrested as long as the global economy is in disarray. Donors will withdraw, investment will retrench, and prospects will dim. This immiserizing welfare outcome is to be avoided. The volume is intended to shed light on those areas of policy that reduce the prospects of a prolonged period of stress and decline by 'regrowing growth.'
format Publications & Research :: Publication
author Canuto, Otaviano
Leipziger, Danny M.
author_facet Canuto, Otaviano
Leipziger, Danny M.
author_sort Canuto, Otaviano
title Ascent after Decline : Regrowing Global Economies after the Great Recession
title_short Ascent after Decline : Regrowing Global Economies after the Great Recession
title_full Ascent after Decline : Regrowing Global Economies after the Great Recession
title_fullStr Ascent after Decline : Regrowing Global Economies after the Great Recession
title_full_unstemmed Ascent after Decline : Regrowing Global Economies after the Great Recession
title_sort ascent after decline : regrowing global economies after the great recession
publisher World Bank
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20120119233158
http://hdl.handle.net/10986/2233
_version_ 1764385070528856064
spelling okr-10986-22332021-04-23T14:02:00Z Ascent after Decline : Regrowing Global Economies after the Great Recession Canuto, Otaviano Leipziger, Danny M. ADVANCED COUNTRIES ADVANCED ECONOMIES AGGREGATE DEMAND ARBITRAGE ASSET PRICES ASSETS BALANCE SHEETS BANK CREDIT BANK GOVERNORS BANKING SECTOR BANKING SYSTEMS BUSINESS CYCLE CAPITAL ACCUMULATION CAPITAL ADEQUACY CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOWS CENTRAL BANK CENTRAL BANK POLICY CENTRAL BANKS CLIENT COUNTRIES COLLATERAL COMMON CURRENCY COMMUNICATION TECHNOLOGY COMPETITIVE EXCHANGE RATE COMPETITIVENESS CONSOLIDATION CONSUMER DURABLES COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE TAX CREDITWORTHINESS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT BALANCES CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT IMBALANCES CURRENT ACCOUNT POSITIONS CURRENT ACCOUNT SURPLUSES DEBT CRISIS DEBT SERVICE DEBT SUSTAINABILITY DEPENDENCY RATIO DEPRESSION DEREGULATION DEVALUATION DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPING ECONOMY DISCOUNT RATE DOMESTIC CREDIT DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC REAL INTEREST RATES ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC POLICY ECONOMIES OF SCALE EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING-MARKET EQUILIBRIUM EQUITY MARKETS EXCESS CAPACITY EXCESS SUPPLY EXCHANGE RATE EXCHANGE RATE FLEXIBILITY EXCHANGE RATE POLICIES EXCHANGE RATES EXOGENOUS SHOCKS EXPORT MARKETS EXPORT PERFORMANCE EXPOSURE EXTERNAL DEFICITS EXTERNAL DEMAND FEDERAL RESERVE FINANCIAL CONSTRAINTS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REFORM FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL VOLATILITY FINANCIAL VULNERABILITY FISCAL CONSOLIDATION FISCAL DEFICITS FISCAL IMBALANCES FISCAL POLICIES FISCAL POLICY FLOWS OF CAPITAL FOOD PRICES FOREIGN DIRECT INVESTMENT FOREIGN RESERVES GLOBAL DEMAND GLOBAL ECONOMIES GLOBAL ECONOMY GLOBAL FINANCE GLOBAL IMBALANCES GLOBAL MARKET GLOBAL MARKETS GLOBALIZATION GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROSS NATIONAL INCOME GROWTH PERFORMANCE GROWTH RATES HARMONIZATION HUMAN CAPITAL IMBALANCE IMPORT IMPORT DEMAND IMPORT PROTECTION IMPORTS INCOME TAX INDEBTEDNESS INDUSTRIAL COUNTRIES INFLATION INFLATIONARY PRESSURE INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INTELLECTUAL PROPERTY INTEREST RATE INTEREST RATES INTERNATIONAL BUSINESS INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL ARCHITECTURE INTERNATIONAL MONETARY SYSTEM INTERNATIONAL RESERVE INTERNATIONAL TRADE INVESTMENT RATIOS JOINT VENTURE LABOR MARKET LABOR MARKETS LEVERAGE LIBERALIZATION LIBERALIZATION OF TRADE LIQUIDITY MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MARKET SEGMENT MARKET SEGMENTS MARKET SHARES MONETARY POLICIES MONETARY POLICY MONIES MORTGAGES NATIONAL SAVING NATURAL RESOURCE NATURAL RESOURCES OIL EXPORTERS OIL PRICE OIL-EXPORTING COUNTRIES OPEN ECONOMIES OUTPUT OUTPUT DECLINE OUTPUT GAPS OUTPUT RESPONSE PENSION PENSION LIABILITIES PERSISTENT UNEMPLOYMENT POVERTY REDUCTION PRIVATE CONSUMPTION PRIVATE CREDIT PRIVATE INVESTMENT PROTECTIONIST MEASURES PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP REAL DEPRECIATION REAL EFFECTIVE EXCHANGE RATES RECESSION RECESSIONS REGIONAL MARKETS REGULATORY REFORM RESERVE CURRENCY RISK CAPITAL SECTOR LIBERALIZATION SECTOR REFORM SHORTFALLS SLACK SLOW GROWTH SLOWDOWN SOVEREIGN DEBT STEADY STATE STOCK MARKET STOCK MARKET CAPITALIZATION STRUCTURAL REFORM STRUCTURAL REFORMS SURPLUS SURPLUS COUNTRIES TAX RATE TAX REFORM TAX REFORMS TRADE DEFICITS TRADE OPENNESS TRADE PATTERNS TRADING SYSTEM UNCERTAINTY UNEMPLOYMENT RATES WORLD ECONOMY This volume combines the analyses of leading experts on the various elements affecting economic growth and the policies required to spur that growth. Ascent after Decline: Regrowing Global Economies after the Great Recession identifies the main challenges to the economic recovery, such as rising debt levels, reduced trade prospects, and global imbalances, as well as the obstacles to growth posed by fiscal conundrums and lagging infrastructure. It also examines the way forward, beginning with the role of the state and then covering labor markets, information technology, and innovation. The common thread throughout the book is the view that economic re-growth will depend in large measure on smart policy choices and that the role of government has never been more crucial than at any time since the great depression. As members of the World Bank community, these issues are of particular importance to us, since without a resurrection of strong economic growth in major economies, the likelihood of rapid economic development in poorer developing countries is dampened. This is troubling because we have seen progress in many parts of the globe in the past decade, including in Africa, and these gains will be arrested as long as the global economy is in disarray. Donors will withdraw, investment will retrench, and prospects will dim. This immiserizing welfare outcome is to be avoided. The volume is intended to shed light on those areas of policy that reduce the prospects of a prolonged period of stress and decline by 'regrowing growth.' 2012-03-19T08:44:10Z 2012-03-19T08:44:10Z 2012-01-09 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20120119233158 978-0-8213-8942-3 http://hdl.handle.net/10986/2233 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication