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Yra Harris's avatar

What a breath of fresh thinking----FED Chair Powell claims his policies need to be domestic oriented but this reveals the impact on many nations from the continued efforts at zero interest rates and massive liquidity infusions .Now the rising dollar is causing too much pain on many of the economically fragile around the globe.It is Tooze who is picking up the baton from Susan Strange and Robert Cox and showing the flaws in the micro thought processes of the modelers of economic outcomes

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Tapen Sinha's avatar

It makes no sense to compare per capita income between India and Bangladesh (or for that matter, for most countries) without adjusting for purchasing power. If we do that, the World Bank tells us that India stands at 6,300 and Bangladesh at 5,200 (USD but PPP adjusted current 2020 value).

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