Solutions for Developed Economies
نویسنده
چکیده
In structuring this conference, the organizers have made the sensible decision to devote separate sessions to the problems of developing and developed countries. When attempting to confront unsustainable fiscal policies, developed economies are relieved of many of the economic constraints with which developing countries must deal. With greater wealth, more stable and credible governments, and more advanced financial systems, developed countries have the economic capacity to solve their fiscal crises through adjustments in tax and spending policies, in coordination with monetary policy. For developed economies, the question is not whether reform can be achieved, but whether it will be achieved.
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