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DEVELOPMENT: Crisis Could Open Doors for Change, Says UNCTAD |
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Written by Thalif Deen - InterPress Service
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Friday, 12 February 2010 |
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Article Source: InterPress Service
UNITED NATIONS, Feb 8, 2010 (IPS) - As the financial crisis continued to threaten world economies last year, the White House chief of staff Rahm Emanuel famously declared: "You never want a serious crisis to go to waste."
The U.N. Conference on Trade and Development (UNCTAD) subscribes to the Emanuel philosophy that crises always "offer a window of opportunity to embark on a path of more resilient and sustainable economic growth."The Geneva-based U.N. agency implicitly argues that even in the most economically disastrous circumstances, one has to see the brighter side of things - however gloomy the outlook.
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