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An op-ed by Prof. Michael Spence on government paralysis in the face of economic challenges

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Excerpt from Project Syndicate -- "The negative effects of these problems are now interacting, feeding back on themselves, and spreading to the rest of the global economy. And yet, despite a palpable sense of concern that something is very wrong, the prognosis for significant change is bleak – and deteriorating. What accounts for the apparent lack of effective policy action across a broad range of countries and regions?"

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Additional coverage appeared in Council on Foreign Relations blog.