Essay- India in a Multipolar World !!!


I . Introduction — A new multipolar world             The economic crisis of 2008 will certainly prove to be a landmark—it belongs to the category of events that separate “before” from “after—as were 1929, or 1991.  After 1929 our understanding of the functioning of markets and role of governments was never the same. The world changed again in 1991 when the “second world” disappeared with the fall of the Soviet Union and we ceased to think in terms of two competing economic and political systems. […]