Politics-Proof Economies?
Governments’ inability to act decisively on their economies’ growth, employment, and distributional challenges has emerged as a major source of concern worldwide. But, as a recent study has shown, there is little correlation between a country’s relative economic performance and how “functional” its government is.
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MILAN – Governments’ inability to act decisively to address their economies’ growth, employment, and distributional challenges has emerged as a major source of concern almost everywhere. In the United States, in particular, political polarization, congressional gridlock, and irresponsible grandstanding have garnered much attention, with many worried about the economic consequences.