Past experience could ward off new Great Depression: Krugman STOCKHOLM (AFP) - Lessons learned from the 1930s depression and from more recent economic crises could be the only thing warding off a new Great Depression, the 2008 winner of the Nobel economics prize Paul Krugman said Sunday. Chinese professor named World Bank chief economist The World Bank has named Justin Lin Yifu, who defected from Taiwan and rose to become a top economic strategist for communist China, its chief economist -- the first time a Chinese has held the job.
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