Word: lerrick
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...think providing more leverage to consumers is best for our economy in the long-term," says Adam Lerrick, who is a visiting scholar the conservative-leaning Washington-based think tank American Enterprise Institute. "The consensus is that consumers have borrowed too much over the past 10 years, so I don't get why putting them further into debt is the answer." (See pictures of the global financial crisis...
...other countries. The idea was to lend to governments that were creditworthy but had no access to rich-country capital markets. "Now we live in a world where there are huge global capital markets, where, if anything, investors are too willing to invest in developing countries," says Adam Lerrick, a former investment banker who teaches economics at Carnegie Mellon University. The World Bank's net lending has plummeted over the past few years, even as it keeps shopping loans to the likes of Brazil, Turkey, Russia and China, sometimes on hugely generous terms...
...Lerrick wants the World Bank to stop lending to middle-income countries and restructure its loans to the poorest nations as outright grants. Nancy Birdsall, a former World Banker who runs a Washington think tank called the Center for Global Development, argues that the bank could have more impact on poverty by making better use of its best assets: the expertise of its staff and its ability to coordinate global action. "Lending and grantmaking at the country level should not be the end-all and be-all," she says. "It should be the vehicle for advice and constant rebuilding...
| 1 |