I am a Professor at Harvard University's Department of Government, a division of the Faculty of Arts and Sciences. My teaching and research focus on the politics of international monetary and financial relations.
Jeff Frieden says that in the long term, its important for governments to provide a safety net to keep people on the bottom from falling even further.
The crisis began with the development of a very substantial fiscal deficit in the United States, says Jeff Frieden.
According to Jeff Frieden, from the middle of the 19th century until 1914, there was a tightly integrated world economy.