The Eurozone is a case study of the bad outcomes of ‘regionalisation’. Will preachers of globalisation still have a case to argue? Along with globalisation of finance, has there also been a globalisation of bad practices? With poor corporate governance, especially with state owned banks, does finance transcend culture? What risks does India run here?
Gateway House hosted meeting to discuss these issues with Ishaat Hussain (Tata Sons), Nicolas Krul (Economist), and Meera Sanyal (Royal Bank of Scotland) on a panel moderated by Gateway House’s Senior Geo-economics Fellow, K.N.Vaidyanathan, to discuss the implications of the global economy on India.
The panelist’s discussion ranged from optimism and pessimism on the ability of southern european countries to pull out of the crisis, challenges and defenses to the idea of economic unity without political unity, the interconnected web of global finance, and how India should progress forward.