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  • THE CONTRADICTIONS OF AUSTERITY
    ebook
    THE CONTRADICTIONS OF AUSTERITY
    JEFFREY SOMMERS
    The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of austerity present the Baltic States as countries that through discipline and sacrifice showed the way out of crisis. They have proposed the "Baltic model" of radical public sector cuts, wage reductions, labor market reforms ...

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