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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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Photograph of protesters by Adam Jan/AFP/Getty Images.
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