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We're dealing with world governments".
Around the world governments have assumed the debts of their private sectors.
In much of the developing world, governments provide too much regulation and too little infrastructure.
Some developed world governments (though not the British) are nervous about foreign ownership of "strategic" assets.
ACROSS the rich world, governments with ageing populations are worried about soaring health-care costs.
All over the world, governments are responding to the recession with often desperate measures.
Similar(6)
Rich-world governments see it as a way of staving off stagnation.
But rich-world governments have found it hard to summon up the political courage to act.
And second, most other rich-world governments will have to do something similar soon.
That might put it on the agenda for rich-world governments, he pointed out.
But he also attaches blame to many third-world governments for not undertaking domestic reform.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com