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Exiting from the crisis: towards a model of more equitable and sustainable growth - Edited by David Coats

18/12/2012

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"The challenges facing governments, our societies and our economies are enormous. We may have pulled back from the brink at which we stood in the fall of 2008, but we (…) cannot claim victory until unemployment is brought down to where it was before the crisis, and until the real incomes of workers (…) have made up for the losses that have been suffered in the interim. We can do it – but only if we correct the mistakes of the past, change course and keep in mind the true objectives for which we should be striving.”
(From the Preface by Nobel Prize laureate Joseph Stiglitz)

This publication takes up the challenge of developing progressive alternatives to the failed neo-liberal model that has dominated economic policy for over three decades. It contains contributions from some 30 authors, all with links to the global labour movement, that analyse the causes and implications of the crisis and propose alternative ways toward more equitable and sustainable models of growth. A comprehensive approach is taken and the topics addressed include: the need for a new approach to macroeconomic policy to promote strong and stable growth and high employment; developing alternative welfare measures to GDP; how to re-regulate financial markets so that they serve the real economy; a development model for the global South; a new approach to labour markets that ensures that they deliver decent jobs and promote greater equality; the need for a comprehensive set of policies to make economic activity ecologically sustainable.

The publication is attached.