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05-16-2009
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#1 (permalink) |
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Senior Member
Join Date: Dec 2006
Posts: 35,485
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Recessions 'rid economy of bad firms'
Former Woolworths chief executive Roger Corbett says recessions can act as a "cleansing process" in the economic cycle by weeding out bad companies that should be allowed to fail.Corbett, who is a board member of the Reserve Bank...
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