Taking the advice from Klein, Ukraine should also build infrastructure by borrowing from abroad and domestically (this is what the government is doing). It is a gamble, of course, because unlike for US, long-term perspectives of Ukraine as a country and its long-term economic growth are unclear.
Wednesday, October 06, 2010
Ezra Klein - Infrastructure: The best deal in the economy
Ezra Klein - Infrastructure: The best deal in the economy: "Because of the recession, construction materials are cheap. So, too, is the labor. And your borrowing costs? They've never been lower."
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