ABOUT THE BOOK
fjrigjwwe9r0pp_Books:Description
Global financial crisis, the
consequence of an unsustainable growth pattern that has been emerging since a
decade, impacts the economies in all the regions, irrespective of their degree
of globalization and deft economic management. Both developed and developing
countries have different threats from the crisis, and devised appropriate
measures to contain it.
South Asia
weathered the crisis much better than most of the regions in the world. The
region is least-affected by the global meltdown, due partly to the relatively
closed nature of some of its members in respect of trade and capital flows; and
partly to the strong fundamentals and prudent policies of the rest. Resilience
is mostly seen in South Asia not only in
knowledge-intensive services and exports of garments and textiles, but also in
workers’ remittances and foreign direct investment. India, being driven by internal
demand; sound domestic policies; and well-regulated banking system, has escaped
the worst effects of the crisis to show assured signs of strong recovery.
ABOUT Author
fjrigjwwe9r0pp_Books:aboutAuthor
Prof. T, Nirmala Devi is Director
of the Centre for SAARC Studies, Andhra
University, Visakhapatnam. South
Asia studies is one of her strengths in her two and a half decade
career. She was a Baden Wurttemberg Fellow at the South Asia Institute, University of Heidelberg, Germany. She has authored three
books; edited three books; and co-edited two books. She has presented numerous
reports and research papers on South Asia/SAARC, covering diverse issues like
international economics, regional cooperation, gender, and demography.
She is the Editor of the journal,
South Asian Affairs.