Why Bernanke might need India to do a China

DELHI: Goldman Sachs Group economist Jim O’Neill wrote a paper last year, titled Globalization and Disinflation: Can Anyone Else ‘Do a China’? The full weight of that question is becoming evident now.
In their report, O’Neill and his team argued that China’s rapid urbanisation, industrialisation and rising openness to trade and capital flows had all contributed to keeping inflation in the developed world lower than expected for a decade.

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