'Excess spending may see India face Brazil's fate in 1970s'
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'Excess spending may see India face Brazil's fate in 1970s'

Mumbai : India | Apr 18, 2012 at 8:57 PM PDT
Source: The Economic Times
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How relevant is the experience of the 1970s and the 1980s, leave alone of the 1960s, for assessing the development potential of nations in the current era? Trillions of dollars of footloose capital looking for profitable deployment, the internet and cheap shipping were absent before the late 1990s.... FULL ARTICLE AT The Economic Times
 
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