All these factors are present nationwide in some measure, and they are likely to keep most of the housing market from backsliding much, even if the economy enters a full-blown recession, many economists say.
The finance ministers were at loggerheads a day after top officials from the central bank and the International Monetary Fund warned European governments not to squander the current period of relative calm in markets by backsliding on promised reforms.
While the transition will slow growth, Guillén does not believe governments in these emerging markets will backslide into protectionism or reject other free-market characteristics of their economies, although they may postpone additional reforms.
China, meanwhile, has been backsliding on market access for American companies, has failed to protect American intellectual property and has invested in a program of "indigenous innovation" that unfairly restricts foreign investment in China's technology sector at a time when Chinese investment in the American economy is growing rapidly.
But if the German chancellor can force through his labour-market and welfare reforms without his habitual backsliding (see article), he has at least a chance of starting to recharge Germany's feeble economic batteries.
But he agreed to sit down with Forbes to deny he is "backsliding" away from the free markets of Thatcherism.
The danger is that markets and democracy could now be seen as part of the same compromised package, undermining further the scope for Western democracy promotion.The financial and economic crisis could increase the attractiveness of the Chinese model of authoritarian capitalism for many emerging markets.None of this means that a significant backsliding in democratisation is inevitable.
Topics include state-socialism and its collapse, the emergence of ethnic and religious conflict, the transitions to democracy and market economics, entry into NATO and the European Union, democratic backsliding, and Russia's conflict with Ukraine.
Backsliding impedes the ability of quick response to the market.
At a time when some NGOs appear to be backsliding into the use of "disaster porn" to increase their market share, it is vital that counter-pressures are ramped up to push them in the opposite direction.
