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The financial turmoil which surfaced in August 2007 in the US Financial system as a result of defaults of sub-prime mortgage loans has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign exchange markets. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global recession.Though emerging market ...
This book contains the papers slated for presentation at the Development Convention 2008 being organized by Institute of Public Enterprise (IPE), Osmania University Campus, Hyderabad during 20-22 February, 2008. Besides discussing the content, direction, distinguishing features, new thrusts, comparative aspects, high points and imbalances, the papers throw light on the paradoxes and dilemmas of development. The papers discuss the outcomes of growth and ...