1. australia's economic growth
It was necessary for the government to intervene, to 'fine-tune' the economy by running demand-management polices; these were to counter current trends in the trade cycle - to speed up activity when there is too l! ... Keynes turned his thoughts to the design of international financial institutions calculated to limit the spread of depression. ...
It was necessary for the government to intervene, to 'fine-tune' the economy by running demand-management polices; these were to counter current trends in the trade cycle - to speed up activity when there is too little, to slow it down when there is an excess. ... As the war drew to a victorious conclusion, Keynes turned his thoughts to the design of international financial institutions calculated to limit the spread of depression. ...
Having done this, Part 2 identifies the limits to liberalisation--especially its tendency to generate more frequent, wider and deeper economic shocks and uncertainty and to expose weaker (emerging) economies to the vicissitudes of global financial markets lacking adequate institutional defensive capability in times of crisis. ... Rather, it is their volume, scope, depth, speed and clustering that is unprecedented. ...