By John Lipsky
2011 represents a pivotal year for the global economic recovery and for international policy cooperation—as well as for the role of the Fund in addressing these two principal challenges.
With the crisis of 2008-09 receding, and following the unprecedented efforts expended in 2010 developing the outlines of a new, post-crisis world, 2011 will be the year in which post-crisis plans will be implemented, tested, and assessed. If they are deemed to be successful, it will not be an exaggeration to claim that a new model for global economic and financial governance will be under way. If unsuccessful, however, the sense of failure likely would undermine confidence while adding to the formidable list of challenges to be overcome. (more…)
Filed under: Advanced Economies, Africa, Asia, Economic Crisis, Economic outlook, Employment, Europe, Financial Crisis, Financial regulation, Fiscal policy, Fiscal Stimulus, G-20, Global Governance, Globalization, growth, International Monetary Fund, Latin America, Low-income countries, Middle East, Public debt, recession, 中文, عربي | Tagged: 2011, capital flows, forecast, FSAP, G-20, John Lipsky, look ahead, Seoul | 3 Comments »