The demise of Lehman Brothers and the subsequent financial crisis has produced huge aftershocks. In the western world: labour markets, the banking system, the pension system, public finance and general trust are all severely damaged and are scrutinized. In the newly developed world questions of economic growth, political influence and the limits of globalisation occur.
The neo-liberal paradigm and the dominance of the idea of free markets are questioned. In the diagnosis of the crisis the intellectual community has singled out four major causes: loose monetary policy, global imbalances, lax financial regulation and a theoretical bias in the academic world of economists.
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Prof. dr. Ben Knapen, Member of the Scientific Council for Government Policy, (WRR)
- Friday, 15 January 2010
- 5.15 p.m. - 6.30 p.m.
Seminar Room 3-1
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road