terça-feira, 13 de julho de 2010
segunda-feira, 5 de julho de 2010
Myth 1: “The cost of protection and its flipside, gains from trade, are negligible.”
Myth 2: “Free trade may increase economic prosperity, but it is bad for the working class.”
Myth 3: “Free trade requires that other countries also open their markets.”
Myth 4: “Paul Samuelson abandoned free trade, and he was the greatest economist of his time.”
Myth 5: “Offshoring of jobs will devastate rich countries.”
Commandment I: You shall have a credible medium-term fiscal plan with a visible anchor (in terms of either an average pace of adjustment, or of a fiscal target to be achieved within four–five years).
Commandment II: You shall not front-load your fiscal adjustment, unless financing needs require it.Commandment III: You shall target a long-term decline in the public debt-to-GDP ratio, not just its stabilization at post-crisis levels.
Commandment IV: You shall focus on fiscal consolidation tools that are conducive to strong potential growth.Commandment V: You shall pass early pension and health care reforms as current trends are unsustainable.
Commandment VI: You shall be fair. To be sustainable over time, the fiscal adjustment should be equitable.
Commandment VII: You shall implement wide reforms to boost potential growth.Commandment VIII: You shall strengthen your fiscal institutions.
Commandment IX: You shall properly coordinate monetary and fiscal policy.
Commandment X: You shall coordinate your policies with other countries.