Reform Is Needed, Reform Is in the Air

Joseph Stiglitz, The Guardian: "The financial crisis that began in America's sub-prime mortgage market has now become a global recession - with growth projected to be a negative 1.5%, the worst performance since the Great Depression. Even countries that had done everything right are seeing marked declines in growth rates, and even deep recessions. And much of the most acute pain will be felt by developing countries."

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