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In his book, Global Financial Crisis Recovery: The Facts Speak for Themselves, Paul Davidson analyzes the forces of global economic crisis and provides concrete answers to the question, “Can I do it”? He uses a Multivariate Regression analysis to determine the causes of the global financial meltdown.

His findings based on extensive data from twenty developed and emerging countries show that strong macroeconomic fundamentals are crucial to making a successful global financial recovery. The author then offers several recommendations for how these fundamentals can be implemented in an effort to save the world economy. The first recommendation is that the U.S. Federal Reserve must increase its policy of interest rates. If it does not increase interest rates, then the financial system may implode as the result of massive unsecured debt.

Another recommendation is that global financial institutions should be nationalized. Davidson's analysis also shows that the U.S. Federal Reserve must reduce its interest rates by reducing the size of its monetary base. In addition, Davidson recommends that the Federal Reserve should encourage more long-term investments by issuing more Treasury bonds, and that it should lower its credit card interest rates.

Davidson's fourth recommendation, which is the only recommendation not supported by empirical evidence, is that the United States must provide monetary stimulus to the global economy during the global economic crisis. He points out that the United States already has large numbers of trade deficits. He also points out that there is considerable evidence that deficit spending by the United States is stimulative of the world economy. Davidson also supports his recommendations by citing figures showing that trade deficits tend to cause inflation. Davidson also points out that if the Federal Reserve pursues this approach, then there is a greater chance of a recession in the near future.

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Davidson acknowledges that he cannot make his recommendations for the United States of America alone. He emphasizes that the U.S. government must provide leadership through the Federal Reserve Board and through the federal government budgeting process.

The author offers his readers a unique opportunity to take action to help recover from the global economic crisis. By providing them with clear and compelling recommendations that are based on research and empirical evidence, Davidson has provided his readers with an excellent framework of hope in their struggle to recover from the current crisis.

In order to make a positive contribution to the global economic crisis, Davidson points out that people should work together to overcome the differences in national economic policies and programs. He also advises that individuals should make use of available resources and other organizations in order to reduce their economic dependence on national currencies, and to develop alternative systems that can increase overall living standards globally.

A number of organizations throughout the world are working hard to assist the world economic recovery. Many of these organizations are dedicated to developing alternative solutions to the global economic crisis. For example, the International Labor Organization (ILO) has been instrumental in the global financial crisis recovery efforts.

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