When history repeats itself, the first time is a tragedy; the next is a farce.…
Where will Global Demand come from? C.P. Chandrasekhar and Jayati Ghosh
As the US reduces its role as engine of global demand, there are no signs that other economies will be able to pick up the slack. The mercantilist approach exemplified by Germany is creating net global slowdown.
Global_Demand (Download the full text in PDF format)
(This article was originally published in the Business Line on May 22, 2017)