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Cartoon: Davos (medium) by kap tagged davos,economy,business,poor

Davos

#36676 / viewed 7198 times
kap By kap
on February 03, 2009
rating-star 2
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The world’s business and government leaders only have a short time to develop effective solutions to the current economic crisis, participants at this year’s World Economic Forum Annual Meeting were told. The message from the Annual Meeting is that leaders must continue to develop a swift and coordinated policy response to the most serious global recession since the 1930s: global challenges demand global solutions.

Business

davoseconomybusinesspoor

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(1)
Financial Crisis

Comments (2)

 
samir alramahi
Member
funny..!

samir alramahi, on November 28, 2009  report post  reply applause 0

 
dogbreath
Member
the answer comes from classical economics. the economy will have to self-correct. prices and wages will have to come down to reflect the marginal product of labor. i've seen evidence of wage flexibility in the data. thanks for making my day start off right.

dogbreath, on February 04, 2009  report post  reply applause 0

 
 

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