Challenges for the World Economy: Where Do the Risks Lie?

Author
Rudiger Dornbush
Date
1999-07-22
Views
3844
R.Dornbusch_Challenges_for_the_World_Economy_Where_do_the_Risks_Lie1

Challenges for the World Economy: Where Do the Risks Lie?

- Speaker: Rudiger Dornbush, Professor, Massachusetts Institute of Technology

- Date : July 22, 1999

"Korea will pay for the lack of adjustment that has taken place, and for staying with industrial organizations and corporate structures that are really not productive. Working very hard and saving a lot of money to force economic growth is an unimaginative way of solving a problem that could be resolved by working a lot less, consuming a lot more, and having a structure that is far more congenial to prosperity...”

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