Gordon Brown calls for global growth pact
Gordon Brown disappeared from public life after the election, concentrating on being a good backbench MP, and on writing a book on the financial crisis. Beyond the Crash is now being trailed, and there’s an excerpt in the papers today.
In it, he calls for a global growth pact to secure recovery and ensure ongoing economic growth.
Stronger, more sustainable growth will not happen just by hoping for Asian consumer spending to rise. Nor from simply hoping for private investment to recover swiftly and strongly. It will require an agreement among the economic powers of the world, bigger, more imaginative, and more lasting than even the Marshall Plan for Europe: a constantly updated plan for economic growth.
He also calls for “a new academic discipline of global growth economics”. I’m calling for that too, but I don’t think we mean the same thing.