Clash of economic traditions and India reality

At the G20 summit in April 2009 where the world leaders were struggling to stem the financial tsunami, French President Nicolas Sarkozy threatened to wreck the summit in a rumpus over the “Anglo-Saxon model”. The Anglo-Saxon model was till then a subject of debate in the guild of economists. But post 2008-meltdown, it turned into a political issue between France and Germany on one side, and the US and the UK on the other.

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