In a post-COVID world, a new book points out they remain key to economic growth.
COVID is only likely to accentuate the prevailing export pessimism, as global potential growth is damaged and protectionist instincts are stoked. A vibrant debate is currently underway in India, and indeed across several emerging markets, about the pace of recovery from COVID-19 , the extent of any permanent damage, and the nature of the policy response. But soon a more important debate will be upon us. What will drive growth in the post-COVID era? With public sectors confronting a mountain of debt, the fiscal […]
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