The American Ambassador to India expressed concerns yesterday
about economic distortions and tax - driven investment in outsourcing.
Not exact matches
With the global economy «floating on an ocean of credit,» the current acceleration of credit via central bank policies will likely produce a positive rate of real
economic growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural
distortions brought
about by zero bound interest rates will limit that growth and induce serious risks in future years.»
I remember meetings as far back as 2008, for example involving senior United States or European government officials looking to be debriefed on the Chinese economy, in which the foreign (and some Chinese) analysts present spoke jauntily
about the great success of China's growth policies and the brilliant future ahead, while many of the Chinese economists present were much more cautious and even gloomy as they discussed the sheer intractability of China's
economic distortions.
The foreign debt continues to be an issue and new voices have began to sound the need to look for ways to face it; (ii) At the national level two questions are concentrating increasing attention: one is the reassessment of the necessary role of the state to correct the
distortions of a runaway market (currently discussed in Europe and in the discussions
about the role the initiatives of «an active state has played in the
economic development of Asian countries); the other is the need for a «participative democracy over against a purely representative formal democracy: in this sense the need to strengthen civil society with its intermediate organizations becomes an important concern; (iii) the struggle for collective and personal identity in a society in which forced immigration, dehumanizing conditions in urban marginal situations, and foreign cultural aggression and massification in many forms produce a degrading type of poverty where communal, family and personal identity are eroded and even destroyed.