If we compare the two deepest recessions in history—the Great Depression and the recession of 2009—they both had a huge impact on the economy, but both of them were handled very differently by governments. The policies governing trade after the 2009 recession were more forward-looking with a clearer view of how trade works and what needed to be done to restart the economy.
How do you think the United States, Europe, and emerging markets such as China, India, and Russia handled the recent recession? What were some of the policies enacted to help the global trade and global economy?
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