D.Sachs, Jeffrey, (2016), “Investment for Sustainable Growth”, Project Syndicate, 31 October
The big disappointment in the world economy today is the low rate of investment. In the years leading up to the 2008 financial crisis, growth in high-income countries was propelled by spending on housing and private consumption. When the crisis hit, both kinds of spending plummeted, and the investments that should have picked up the slack never materialized. This must change
Relevant Posts
- OECD, (2016), “Development Co-operation Report 2016: The Sustainable Development Goals as Business Opportunities”, OECD Publishing, Paris, 18 July
- Masuch, Klaus, Moshammer, Edmund, Pierluigi, Beatrice (2016), “Institutions and Growth in Europe”, CEPS Working Document No. 421, 14 April