The Emerging International Regime*

Dec 10th 2018, Prabhat Patnaik

The world capitalist crisis of reduced aggregate demand and the protectionism of the U.S. has resulted in a reduced export demand for world economies. Third world countries face enlarged trade and current account deficits, to overcome these deficits, countries like India will have to take measures on their own level.

This article was originally published in The People’s Democracy on December 9, 2018.

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