The Global Jobs Challenge – Michael Spence – Project Syndicate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"What does it mean \u2013 for individuals, businesses, and governments \u2013 that structural adjustment is falling further and further behind the global forces that are causing pressure for structural change? Above all, it means that expectations are broadly inconsistent with reality, and need to adjust, in some cases downward. But distributional effects need to be … <\/p>\n
Continue reading “The Global Jobs Challenge – Michael Spence – Project Syndicate”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,34],"tags":[1570,1967,3531],"class_list":["post-1361","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-global-markets","tag-jobs","tag-unemployment"],"yoast_head":"\nThe Global Jobs Challenge - Michael Spence - Project Syndicate - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Global Jobs Challenge - Michael Spence - Project Syndicate - the patient investor\" \/>\n<meta property=\"og:description\" content=\"What does it mean \u2013 for individuals, businesses, and governments \u2013 that structural adjustment is falling further and further behind the global forces that are causing pressure for structural change? 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They have three options for de-leveraging: default, like Greece; austerity, like the UK; or \u201cfinancial repression\u201d like the\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":869,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/20\/short-term-stimulus-wont-help-u-s-in-long-run-glenn-hubbard-bloomberg\/","url_meta":{"origin":1361,"position":2},"title":"Short-Term Stimulus Won\u2019t Help U.S. in Long Run: Glenn Hubbard – Bloomberg","author":"ColinTwiggs","date":"September 20, 2011","format":false,"excerpt":"The president\u2019s announced jobs plan centers on the need for additional short-term stimulus designed to boost aggregate demand and jump-start economic growth. In some recession scenarios, such action, if timely, can indeed raise output and employment. In our current state, however, calling for additional spending and temporary tax relief without\u2026","rel":"","context":"In "US & Canada"","block_context":{"text":"US & Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2664,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/16\/mark-carney-growth-in-the-age-of-deleveraging\/","url_meta":{"origin":1361,"position":3},"title":"Mark Carney: Growth in the age of deleveraging","author":"ColinTwiggs","date":"December 16, 2011","format":false,"excerpt":"Today, American aggregate non-financial debt is at levels similar to those last seen in the midst of the Great Depression. 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