Eventually the financial systems in China and India will improve, and a lot more of their capital will be used at home. That won't happen anytime soon, though. In a new book, The Next Great Globalization, Federal Reserve Governor Frederic S. Mishkin writes: "It takes a long time for any nation to achieve strong property rights and an effective financial system."
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Regards,
Umesh Kumar
http://worthyarticles.blogspot.com/
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