The scenario of world economy today presents huge disparity. Success and progress on some fronts seem to provide basis for confidence that there is great possibility for sustained economic growth, increasing prosperity, and the mitigation of poverty. On other fronts, limited progress has been reflected in tackling old problems, and much of the progress that is made seems increasingly vulnerable to shifts in international financial markets and capital flows. To have a better future for all, it is essential that we understand the origins of both the successes and the vulnerabilities.



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