Thursday, 28 January 2010

More than one way to ...

Most developed nations - and many less-developed nations - have been through a similar economic crisis over the last couple of years. Yet, there have been several approaches to dealing with this crisis, reflecting the fact that there are several views on how to deal with any specific problem - depending on particular history, culture, state of economic development, politics, etc.

If one looks at results it suggests that the US is handling the situation rather better than most European nations - with growth approaching 3% during 2009.

Of course 'success' in the short term does not necessarily signal success in the longer term. It will be interesting to look back in 2015 or so and see whether real lessons can be learnt about how best to tackle such a situation.

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