SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : India Coffee House
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JPR who wrote (1671)6/30/1998 11:50:00 AM
From: Mohan Marette  Read Replies (1) of 12475
 
Open up faster to trade:Prof.Bhagwati

JPR and all

In case you haven't seen it.
----------------------------------------------------------------------
Date: 30-06-1998 :: Pg: 12 :: Col: c

By N. Ravi

INDIA should learn from the experience of the East Asian economies and go in for globalisation of trade and equity investments in a massive way but should avoid capital account convertibility and short-term borrowing ''like the plague'', says the leading economist, Dr. Jagdish Bhagwati in this interview with N. Ravi in New York.

Dr. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, created a stir in academic circles with his strong opposition to totally free capital movements into and out of countries in a recent article in Foreign Affairs - a defection from the free market philosophy by a long time, committed advocate which one writer said was like ''a Vatican bishop turning up at a Presbyterian pulpit''. His argument was that free and unrestricted capital mobility would leave many countries crises-prone and that the ''Wall Street-Treasury complex'' had hijacked the philosophy of trade to the area of capital flows in a self-serving way.

The following are excerpts from the interview:
...................


webpage.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News