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Submitted by Augusto Bonzi on

Ms. Kojima,

Very nice and well-written article.

It was interesting to notice the emphasis on strengthening the social safety nets as part of the actions to address the issue, in particular knowing its global extension (according to the IMF, ~$480 billion in 2011). It was also nice to underscore the “process” characteristics of adjustments.

Moving forward, mentioning cases of countries that made successful reforms could be a nice supplement to future articles.

I am looking forward to future postings.

Augusto Bonzi