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India didn't follow mindless liberalisation: Joseph Stiglitz

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Uploaded by on Dec 22, 2008

Nobel prize winning economist Joseph Stiglitz says the current financial crisis has confirmed that capitalism without regulation doesn't work. In an exclusive interview to NDTV's Shweta Rajpal Kohli, he says sound economic policies have helped India weather the current crisis and if America had a central bank chief like YV Reddy, it would not be in such a mess.

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