Rise and fall of the wealth of nations
- New Delhi Rajiv Gandhi Foundation 1994
- 22
Recent decades have witnessed a narrowing of the real income gap between the advanced countries and some less developed countries. East Asia is booming and many industrialised countries are almost stagnating. How can we account for such a major shift in global economic development? As India embarks in its economic reforms and restructuring and casts its eyes on the great changes in the Asia-pacific.