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This same stack of euros might be shakier today in Spain than it is in Germany. As federal countries battle the economic crisis, some have been more heavily hit than others, and each has used different anti-crisis medicine - as shown in the articles that make up this special issue. Leading economist Richard Bird puts it all into perspective and
predicts the lasting effects of the crisis on the world’s federations.
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Federations: Volume 8, Number 2, September/october 2009
Special issue-
federations and the economic crisis
Overview: Constituent units risk lengthy dependency
on federal aid By Richard Bird
Where the crisis began, governments pass creative laws By Alan Greenblatt
Ottawa, provinces ally to quell meltdown By Alain Dubuc
Argentina responds to crisis with unorthodox measures By Ismael BermÚdez
Mexico tries new remedies for downturn By Armando Chacón
Brazil responds rapidly to global recession By Bernardo Kucinski
Declining oil revenues drag Nigeria into recession By Dejo Olotoye
Ethiopia’s economy no longer rosy By Tamrat Gebre Georgis
Australia counting on co-operation and luck to weather crisis By Mike Steketee
Global meltdown hits India’s poor the hardest By Jayati Ghosh
European Union feels the pain By David Gow
Hit hard by crisis, Germany fights back By Karen van Horn
Spain’s regions may hold key to economic recovery By Rodrigo Amaral
Swiss stimulus for banks, roads and trains eases crisis By Malcolm Curtis
Hit late by the slump – Russia responds By Alexander Deryugin
Other Departments
PRESIDENT’S PAGE
Central governments lead charge against financial meltdowns By George Anderson
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