OP-ED: The Rise and Rise Of IFCs - International Center for Law & Economics

OP-ED: The Rise and Rise Of IFCs

IFC Review – ICLE Senior Scholar Julian Morris had an op-ed on the rise of international financial centers published in IFC Review. You can read the full piece here.

As the COVID-19 pandemic rolls on, leaving death and economic destruction in its wake, governments around the world have responded with massive ‘stimulus’ programs funded by issuing debt. Many governments, including the US, UK, and most EU governments now have debt: GDP ratios that exceed 100 per cent. Unless economic growth rebounds rapidly, the repayment of this debt is likely to become a major burden.