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"The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
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India, home to more than one billion people, has experienced rapid growth over the past decade, averaging about six … both the central and state governments in India. The fiscal stress of the late nineties gave rise to an intense state … poverty impact of state governments, especially in the poorer states; it also called into question India's overall fiscal …
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Both central and state governments have carried out significant correction of financial imbalances since 2000, through the implementation of fiscal reforms including enactment of fiscal responsibility (FR) acts. However, the improvement in the finances of all states in aggregate hides wide...
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By 2025, six major emerging economies--Brazil, China, India, Indonesia, South Korea, and Russia--will account for more …
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