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Achieving Global Cooperation on Economic Recovery and Long-Term Sustainable Development. Asian Development Review, Vol. 26(1), pp. 3-18

dc.contributor.authorJeffrey D. Sachs
dc.date.accessioned2015-01-24T13:08:29Z
dc.date.available2015-01-24T13:08:29Z
dc.date.issued2009-03-29T13:08:29Z
dc.identifier.urihttp://hdl.handle.net/11540/1686
dc.description.abstractThe global financial crisis results from three factors: overly expansionary US monetary policy; inappropriate financial deregulation; and a financial panic following the bankruptcy of Lehman Brothers. Asia is now experiencing a serious downturn as the result of falling consumption and exports, and an intensifying credit squeeze due to global deleveraging. Through appropriate monetary, financial, and public-investment policies, Asia can lead the world to recovery, in essence by replacing the declining consumption spending with increased public spending on critical goods and services (such as health and education) and public investments in sustainable infrastructure, including pollution control, sustainable energy systems, efficient water use, broadband connectivity, and other priority areas.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.titleAchieving Global Cooperation on Economic Recovery and Long-Term Sustainable Development. Asian Development Review, Vol. 26(1), pp. 3-18
dc.typeJournals
dc.subject.adbEconomic
dc.subject.adbSustainable development
dc.subject.adbeconomic crisis
dc.subject.adbFinancial crisis
dc.title.seriesAsian Development Review
dc.title.volumeVolume 26, Number 1, pp. 3-18
dc.contributor.imprintAsian Development Bank
oar.themeClimate
oar.themeAgriculture
oar.identifierOAR-002494
oar.authorSachs, Jeffrey D.
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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