New Post (201) : Way forward for - Emerging economies.
One view is that …
Emerging-market economies have more policy tools leverage available to them than advanced economies presently do.
Hence, they should ease monetary and fiscal policy. (with a sharp eye on inflation)
For growth---BRIC ( & other emerging) Countries, should accelerate reforms, in order to - boost domestic demand and consumption.
The International Monetary Fund and the World Bank should be used as lender of last resort by emerging markets.
At this time - Chasing the exports oasis is just that - an oasis. (a mirage !)
This is a good time to "build capacity" that is focused on "serving domestic markets".
[ In severe weather stay indoors and use the time and opportunity to improve your knitting skills. ]
Charlie Brown
