Economic stimulus
Asks whether your country's stimulus money is leaking out into other economies? In our world of interconnected money flows, are you paying for someone else's economy to recover?
Asks whether your country's stimulus money is leaking out into other economies? In our world of interconnected money flows, are you paying for someone else's economy to recover?
As more big economies begin to emerge from recession, ministers will claim it's thanks to the lashings of public money they've spent on stimulus packages. The latest to crawl out of recession is Japan. Well, if the world economy IS starting to stabilise, surely public opinion may turn against further stimulus spending - indeed some governments are thinking about exit strategies - but who'll be the first - to turn off the taps of emergency money? It's a difficult and controversial judgement to make - it's not clear that we're out of the woods yet: some economists still argue that we need a second global round of stimulus spending. On the other hand, questions remain about how effective the stimulus money has really been. Was it spent on the right things, and - how much value for their money The 大象传媒's Mark Gregory reports.
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- Mon 17 Aug 2009 07:32GMT大象传媒 World Service Online
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