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"the IMF tends to see public investment as a short-term stabilization issue, and has failed to grasp its long-term growth consequences. If low-income countries are stuck in a low-level equilibrium, then putting constraints on their infrastructure spending may ensure they never take off."
Burma is at a crossroads. While the country's dramatic (and fragile) political opening is receiving plenty of attention, its leaders are also confronting some stark decisions about their economic ...
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