WATERLOO -- Paul Krugman, last year's recipient of the Nobel Prize for economics, says he is concerned the globe will take years to recover from the financial crisis because the precedent for recovery - exports - cannot work in favour of all. "I worry a lot about the possibility that we may have a very, very prolonged period of economic instability," Prof. Krugman, a Professor of Economics and International Affairs at Princeton University, said in a key note speech at the Centre for International Governance Innovation's annual conference in Waterloo, Ontario. However, he said the acute phase of the crisis was...
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