The road to global economic recovery, 2009

These document contains three parts: the first part focuses on lessons that have been learnt from 2007-2009 crisis and how economic authorities handled shock suffered in most variables. The conclusion is Government intervention through fiscal policy only way to offset weakness of households firms. Monetary other hand can help, but it has limits its ability become a real source growth. second makes short review current affairs including discussion whether ended. Krugman accepts over, he believes we are still far an expansion. Finally, article analyzes situation Latin America Colombia particular. It points out this did not start our countries happen because bad policies as used previous emerging economies. had impact these effects trade, commodities capital flows due lower activity developed countries. However evidence strength developing