GLOBAL FINANCIAL CRISIS: Obstacles on the road to economic recovery*

The benefits of any economic stimulus will be limited, says Colin Teese, because there is little manufacturing industry left in Australia to stimulate.The global financial crisis has so far cost the world 20 per cent more, in today’s dollars, than the United States spent on fighting World War II, according to banking giant Goldman Sachs. And we haven’t seen the end of it yet.However, rather than rake over the ashes of the financial crisis, I want to consider how we all might emerge from it.Long …

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