The global financial turmoil and challenges for the Indian economy
India too is having to weather the negative impact of the crisis. As the impact on India unfolds, there are two frequently asked questions: First, how is that India is affected when it came out of the...
View ArticleAsia plays new role as global power broker
Related External Post: www.irishtimes.com/newspaper/opinion/2010/0717/1224274897014.html Synopsis: Powerful economic growth in Asia may be able to prevent a “double-dip” recession. The EU would be wise...
View ArticleHome truths
“The American people realize they’ve been robbed. They’re just not sure by whom,” write Gretchen Morgenson and Joshua Rosner in “Reckless Endangerment.” But Americans who read this outstanding history...
View ArticleShould the Fed save Europe from disaster?
Unless Germany agrees to the full mobilization of the European Central Bank very fast, the eurozone will spiral out of control. As The Economist put it, “The risk that the currency disintegrates within...
View ArticleWorld Economic Situation and Prospects 2012
Following two years of anaemic and uneven recovery from the global financial crisis, the world economy is teetering on the brink of another major downturn. Output growth has already slowed...
View ArticleThe Baltic states and Ireland are not a model for Italy and Spain
Eurozone policy-makers – from President Sarkozy and Wolfgang Schäuble to the former President of the ECB, Jean-Claude Trichet – advocate that Italy and Spain should emulate the Baltic states and...
View ArticleHow India Stumbled
When the United Progressive Alliance, a group of center-left parties led by the Indian National Congress, came to power for a second term in 2009, it seemed that India could do no wrong. The economy...
View ArticleStimulus or Reform?
NO TIME FOR AUSTERITY by Menzie D. Chinn In “The True Lessons of the Recession” (May/June 2012), Raghuram Rajan sketches a structuralist interpretation of the Great Recession’s causes and aftermath and...
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