Middle East unrest: Could it lead to stagflation?

Commentaries on economics and technology.
March 15 2011 1:09 PM

Transformation and Stagflation

How Middle East unrest endangers the global economy—and what the world can do about it.

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The stakes are high. Unstable political transitions could lead to high levels of social disorder, organized violence, or civil war, fueling further economic and political turmoil. Given the current risk-sensitivity of oil prices, the pain would not be confined to the Middle East.

This article comes from Project Syndicate.

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Nouriel Roubini is chairman of Roubini Global Economics and professor of economics at New York University's Stern School of Business.