LookingGlass - Article and interview with Giovanni Grevi

LookingGlass by Glasshouse Forum No. 4/2009 (Autumn 2009)

The global recession is a crisis for the neo-liberal paradigm, says the Washington-based economist Thomas I. Palley. It has lead to stagnating wages and a growth fuelled by debt and asset price inflation. What we need, says Palley in an interview with LookingGlass, are policies that ensure that the mobility of production does not create a race to the bottom.

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