MR Nazimudeen Saleem

Sovereign Debt Crisis and Economic Sustainability MR Nazimudeen Saleem

The concept of market economy and capitalism is said to have created miracles in lifting the economic prosperity and the standard of living of people worldwide, particularly in the developed economies of the West and Japan since the forties. In an age of globalization and commercialization, the author of this book wonders if we could continue to enjoy what we are endowed with, particularly when debt inflicted nation-states of the West find it difficult to sustain this rather farcical prosperity. In addition to proposing some innovative ideas to generate public revenue using the market principles to sustain the status quo, Saleem stresses in his new book that the West should adopt the concept of Regulated Market Economy along with new monetary and fiscal policy measures.