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Global macro & geopolitics from a small economy perspective

New challenges for Asia’s governments

Across the world, the role of government in the economy is expanding as a result of the implosion of credit markets and the subsequent sharp decline in economic activity, as well as concerns about social and political stability.

In the West, this expansion has provoked a debate about whether it’s just a temporary response to great economic and financial turbulence or if it represents a discontinuity that will redefine government’s economic role in a significant and enduring way.

Download the full document from McKinsey Quarterly below:

New challenges for Asia’s governments