While he believes the global recession may be technically over, Nobel-prize winning economist Paul Krugman is not entirely clear what it will take to achieve full recovery.
“We need a source of demand — a driver — which is very hard to find,” he told attendees at a recent conference at the Centre for International Governance Innovation (CIGI), the Jim Balsillie-founded think tank, in Waterloo.
“Consumers can’t do it and export-led growth is not going to work because this is a global crisis. It should be a surge in business investment. But where is that going to come from? Government spending can...
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