Less than a year back, a former chief executive of Mastercard, Ajay Banga, was in…
The Asian Face of the Global Recession C.P. Chandrasekhar & Jayati Ghosh
As news of the intensity of the global downturn worsens, so do assessments of the extent of its global spread. This is distressing since it implies that the argument, that a “decoupled” Asia could serve as a shock absorber that moderates the impact of the crisis, was wrong.
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