ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Macro-Economic Policy in Times of Globalisation

Why, under certain circumstances, does a government find itself incapable of pursuing expansionary economic policies even in situations characterised by industrial stagnation and accumulating foreign exchange reserves? This is an important theoretical issue suggested not only by the current Indian context but also other historical contexts, e g, Thatcherite Britain.

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