Walden Bello
Walden Bello is Senior analyst and co-chairperson of the Board of Focus on the Global South, associate of the Transnational Institute, and adjunct professor of sociology, State University of New York at Binghamton. He is the author of the recently published book Counterrevolution: The Global Rise of the Far Right (Nova Scotia and London: Fernwood and Practical Action, 2019).
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/ 14 November 2006

Chain-gang economics

”The world is investing too little,” according to one prominent economist. ”The current situation has its roots in a series of crises over the past decade that were caused by excessive investment, such as the Japanese asset bubble, the crises in emerging Asia and Latin America and, most recently, the IT bubble. Investment has fallen off sharply since, with only very cautious recovery.”