Regulatory myopia must not prevent a long-term view

Regulatory myopia must not prevent a long-term view


The fragile state of the world’s advanced economies, as demonstrated by early February’s dire GDP figures for the eurozone showing a larger-than-expected contraction in the fourth quarter of 2012, underlines the need for policies to encourage growth and job creation. 

The problem for politicians is that growth requires long-term investment in assets that expand the production capacity of the economy, assets such as roads, bridges, ports, housing and factories. With public finances constrained

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