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Can the World Avoid a Double Dip?
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Can the World Avoid a Double Dip?
Ross C. DeVol
February
15, 2012
Publisher: Milken Institute
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It's the question on everyone's mind: Can the world avoid a double-dip recession? The short answer is
the world can, Europe won't, and the risks remain asymmetric on the downside.
In this keynote global macroeconomic address given at the SuperInvestor U.S. conference in San Francisco on January 31, 2012, Ross C. DeVol notes, "We are living in a two-speed world, where developing and emerging nations are growing more than twice as quickly as advanced economies."
Read more about the factors that have led to this seeming reversal of fortunes, including structural economic reforms,
opening trade and financial market reforms, and more. What has fostered stronger growth in these developing and emerging economies? What lessons can be applied in the more established ones?
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