Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments.
In an interview here, Mr. Yoon cited the economic changes undertaken by North Korea since July 2002.
At home, analysts say, Mr. Fukuda will be pressed to slow down the political and economic reforms undertaken by Mr. Koizumi that had angered the party's base.
He won the Nobel economics prize yesterday for rather conventional work: the "analysis of trade patterns and the location of economic activity" undertaken early in his career.
"The economic reforms undertaken by Deng Xiaoping were a gamble in themselves," Ricardo Siu, a business professor at the University of Macau, told me.
Modest steps toward economic liberalization undertaken by Raúl Castro led to a boom in small businesses, especially restaurants and bed-and-breakfasts, but the opening has lost momentum.
Having moved up that scale over time, it's no longer economic to undertake the small jobs that have been left in the wake.
In response to the political and economic reforms undertaken by the government of Myanmar, major U.S. sanctions have been suspended, albeit not removed.
Economic modelling undertaken by the Parliamentary Budget Office has shown that increasing the GST and broadening its base to include fresh food, healthcare and educational and childcare services would raise $50bn.
Mr. Mayer said that the International Monetary Fund, the European Central Bank and the Greek government might well continue to insist that, given time, the tough economic restructuring undertaken by Greece will succeed and allow the country to pay off its debts.
