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Global Economists »

Jeffrey Sachs

We should leverage imbalances of one kind to redress imbalances of the other kind.

India or China?

[2010-12-02]
Jagdish Bhagwati

China’s authoritarian politics means that it cannot profit from the innovations that depend on software, as that is an instrument through which dissent can flourish and become subversive of total control.

For decades, I have confidently taught my students about the rise of governments that take on responsibility for the state of the economy. But the political reaction to the Great Recession has changed the way we should think about this issue.

The failure of the G-20’s Seoul meeting to make any progress towards agreement on exchange rates or future reserve arrangements opens the door to a re-run of the 1930’s.

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