Rethink economy globally

THE INCREASING FRAGILITY OF THE GLOBAL recovery certainly warrants the attention given the annual gathering of the world's central bankers at Jackson Hole in the US State of Wyoming at the weekend.

But as the central bankers of the debt-laden rich countries have begun to realize, there is a limit to what monetary policy can do - these debt-laden countries should no longer count on cheap credit to overcome their fiscal and economic problems.

If the international community is to pursue a lasting global recovery, policymakers should pay more attention to the message aired at another meeting held on Friday.