The political economy of 2013

The political economy of 2013


Close links between politics and economics set to continue in 2013

NEWPORT - BEACH - Watching America’s leaders scramble in the closing days of 2012 to avoid a “fiscal cliff” that would plunge the economy into recession was yet another illustration of an inconvenient truth: messy politics remains a major driver of economic developments.

 

In some cases during 2012, politics was a force for good: consider Prime Minister Mario Monti’s ability to pul...


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