Tag: india
India and Global Crisis
by Mr. Wiseman on Feb.25, 2010, under Analysis
New Delhi, 30 Sep. It is often said that when the US sneezes the rest of the world catches a cold. This three-part series looks at how India, China, and Russia have been affected by the US financial crisis.
Before we get into detail about how much this US problem is spreading globally, we should understand the severity of it and the possible consequences in the US. How sick is the US?
Fundamental driving forces of the financial crisis
by Mr. Wiseman on Dec.15, 2009, under Opinions
It is superfluous to note on this blog that the world economy is passing through the most severe financial crisis since 1929.[1] Its results are also beginning to be well understood: the era of increasing deregulation has ended and instead increased, in the US very large scale, state intervention in the economy has begun.[2]
But what type of crisis is this – which greatly affects what its eventual outcome will be? (continue reading…)
