Edited Anil Kumar Thakur Paramanand (1 results)

tables (illustrator). Contents Preface Introduction I World economic crisis profiling the issues--concept content and theoretical explanation 1 The global economic crisis the genesis and the wayout of the conundrum an analysisParamanand Singh and Shashi Bhushan Prasad Singh 2 Global economic and financial crisis causes consequences channels of contagion and Indias prospectsDuresh Kumar Singh and Prahlad Kumar 3 Financial crisis is it time to think beyond KeynesGP Tripathi and SK Choubey 4 Decoupling theory--an myth or a realityAmrita Nandi II Global meltdown policy decisions and regulatory measures and its various facets 5 Home-owning democracy to housing bubble recent financial and economic crisis in USAA Venkateswarlu 6 Global meltdown and Indias responseMithilesh Kumar Sinha and Ashwani Kumar Srivastaba 7 Recent global economic crisis outsourcing and IndiaAbhay Narayan Rai Rakesh Kumar Singh and Manmohan Krishna 8 Global financial crisis response to RBI as a national regulatorBhavik M Panchasara and Heena S Bharadiya III Global recession--regional and sectoral variations and vulnerable states 9 The impact of the current global financial crisis on South Asian countriesCh Paramaiah 10 Impact of global meltdown on Indias real estateTapan Kumar Shandilya and Suraj Kumar 11 Impact of the global economic crisis on Indian real estate sectorHarvinder Kaur 12 Triggers of the global financial crisis and its impact on the Indian service sectorPradhyumna Tripathy Arindam Das and Mohua Mazumder IV Global financial crisis and Indian economy 13 Global economic crisis and IndiaRS Bawa and Manjit Singh 14 Global financial turmoil impact on the Indian economyVipla Chopra and Bharti Kapur 15 Impact of financial crisis on the Indian economySK Dhage and BG Lobo 16 Impact of the global financial crisis on the Indian economyM Sundara Rao and P Ramu 17 Global economic meltdown and its impact on the Indian economyAsim K Karmakar 18 Implications of global recession for the Indian economyPS Kamble 19 Impact of global financial crisis on India an analysisChannabasavan Goudap and KA Rasure 20 The global financial crisis and the Indian economyMandakini Mahore and Samit Mahore 21 The sub-prime crisis and its impact on the Indian economyRY Mahore 22 The global financial integration innovations damages and the Indian economy a perspectiveMohammad Asif and Hena Nisar Index The present edited volume is the outcome of Indian Economic Association 92nd Annual conference at KIIT University Bhubaneswar where one of the technical session was on global meltdown and its impact on Indian economy organized jointly by IEA and Kalinga Institute of Industrial Technology on 27-29 December 2009There were all together 66 papers in full and equal number in abstracts presented Out of this twenty two relevant and best papers were selected which analyse the core issue inherent in the global economic crisis Capitalism is basically a market based economy striving for profit It has a great intensity to save and weak potential for investment This endemic nature of capitalism leads to long run unemployment and a process to recessionary transition leading ultimately to stagnation The dynamics of US capitalism its corporate structure and cunning play of money power via credit leads to a situation where credit is given to the defaulters To credit where credit is due is a wrong dictum and its this endemic capitalist behaviour led by American credit and investment giants Lehman Brothers Holding Inc created the crisis situation The genesis of the crisis can be traced back to reckless financial profligacy of US banking system that disbursed loans to sub prime brokers who had new traced record of redemption of loan from their income sub prime lending was advanced with speculative bubbles or with the exploration that real estate would enable the debtors even with dodgy credit background to reimburse the loan as domestic prices escalated at an unprecedented rate The global financial crisis germinating from this US.