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ECON 164:Indian Economy Q2. In the first week of the class we discussed the tensions between state and market led approaches to economic policy. Discuss

ECON 164:Indian Economy

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Q2. In the first week of the class we discussed the tensions between \"state\" and \"market\" led approaches to economic policy. Discuss how the case of bank nationalization reflects this tension. Specifically, answer the following questions: (a) Why was bank nationalization popular? (b) What were the economic costs of bank nationalization

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