Alexander Mirtchev: Look out for Mindless States

Alexander Mirtchev: Look out for Mindless States
Alexander Mirtchev: Look out for Mindless States
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Dr. Alexander Mirtchev, a Washington-based economic strategist and expert, told the Financial Times publication partner Mergermarket that “you don’t consider the price of the carpet you are using to put out the fire in your house,” but it is high time to look beyond the immediate short-term economic pressures, and devise a broader policy response that would address the long-term needs to encourage productivity, competitiveness and growth.Instead of jumpstarting a new, inclusive financial order that could accelerate the recovery and sustain growth, shortsighted disturbing policies of emerging markets’ states in support of their beleaguered financial sector might push them to trying “putting the genie back in the bottle” by returning to the model of the 1990s.

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