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By Prospect   August 2012

The path to growth Both Paul Krugman and your panelists (“How to get growth” July) assume that fiscal stimulus is the only way to achieve growth. Yet, for the UK at least, a package of alternative measures would be more effective but lower risk.  The government could tap the vast resources of sovereign wealth funds by offering them an attractive deal to invest in the country’s infrastructure: actual ownership, by means of 40-50 year leases, of the projects. This should be an acceptable concession; it would be a temporary mortgage on as yet non-existent structures. Second, an incentive should be…

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