Inclusive crises and exclusive recoveries?
Ronald U Mendoza 09 June 2010
As the G20 changes its recommendations from fiscal stimulus towards fiscal austerity, this column argues that policymakers should be careful not to leave the most vulnerable behind. It says that robust social spending and investments are needed even under tight fiscal conditions – stock markets may bounce back, but a generation growing up in poverty may not.
It has now been about two years since the first international food price shocks erupted in 2008. Even as recent news reports have begun to celebrate the first tentative signs of global economic recovery, a growing number of analysts have begun to warn of its fragility.
Poverty and income inequality
fiscal stimulus, recovery, economic aftershock