In the 1930’s, the failure to prevent the Great Depression empowered authoritarian regimes in Europe and Asia, eventually leading to World War II. This time, the damage caused by the Great Recession is subjecting most advanced economies to secular stagnation and creating major structural growth challenges for emerging markets.
20世纪30年代，没能阻止大萧条让欧洲和亚洲的极权政权赢得了权力，最终导致了第二次世界大战。这一回，大衰退引起的危险让大部分发达经济体面临着长期停滞，也给新兴市场造成了严重的结构性增长挑战。