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

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South Asian Surprises

Factors such as weak governance, civil conflict, fiscal deficits and a fixed exchange rate are deemed largely responsible for impeding growth in low income countries. One or more of these factors are present in each of the south Asian countries. Surprisingly, the economies in the region have been showing rapid growth. For each of these apparent surprises there is an explanation or interpretation, but one that goes beyond conventional macroeconomics.

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