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Is The American Economy Under Terrorist Attack?
Is the American economy under a terrorist attack? Most U.S. economic indicators are down. Consumer confidence is low; gas prices are high; food costs are soaring; unemployment is on the rise; the value of the dollar is declining; mortgage foreclosures are still rising, and basically, the economy is a mess. Is this just a normal cycle or is something else driving the downturn?
India’s Modulated Approach To EconomyEconomic-development choices and experiments in the last fifty years (e.g., China, India, Soviet Union) have now fairly conclusively demonstrated that mass economic prosperity is better achieved through a focus on the growth of wealth rather than its distribution. However, there are many influential Indian intellectuals, policy-makers and elected officials who do not agree with this assessment.