Abstract
The pathway that begins with the mobilization of financial capital and leads to an expansive increase in the socioeconomic mobility of a nation’s population is one of the most important pillars of development. Impediments on this path obstruct and restrict development and are largely a consequence of an uneven allocation and management of financial and nonfinancial capital. Be it the advanced nations or developing countries such as India and China, it is imperative to improve the deployment and utilization of financial capital. It thus becomes important to understand the structural causes that underlie weaknesses in the way capital is managed.
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© 2013 Piya Mahtaney
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Mahtaney, P. (2013). The Great Recession of 2008: A Curtain Raiser. In: Globalization and Sustainable Economic Development. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137024992_3
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DOI: https://doi.org/10.1057/9781137024992_3
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