Sunanda Sen offers an analysis of the ongoing malaise in the world
economy, which include the financial and real instability as well
as economic recession and lack of development. Rejecting the
explanations advanced by the orthodoxy, she deplores the retrograde
steps in the interest of high finance. This calls for a change in
policies, away from the contractionary monetarist devices and in
the direction of demand expansion which will prove mutually
beneficial for both advanced and developing countries.
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