Another Global Meltdown on the Way?

Is the Global Economy on the Verge of Another Meltdown?

by TRNN

Is the Global Economy on the Verge of Another Meltdown? YILMAZ AKYÜZ: From the US to Europe, from China to Brazil, the indications are that if current policies don't change, another major recession is likely

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Dr. Yılmaz Akyüz was the Chief Economist and the Director of the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development (UNCTAD) when he retired in August 2003. He was the principal author and head of the team preparing the Trade and Development Report, and UNCTAD coordinator of research support to developing countries (the Group-of-24) in the IMF and the World Bank on International Monetary and Financial Issues. He taught at various universities in Turkey and Europe before joining UNCTAD in 1984 and after his retirement, and published extensively in macroeconomics, finance, growth and development. He is the second holder of the Tun Ismail Ali International Chair in Monetary and Financial Economics at the University of Malaya, established by Bank Negara. He is now Chief Economist of the South Centre, an Intergovernmental Think Tank of the Developing Countries, based in Geneva.