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Voices | May 2011

The question that is beginning......

The question that is beginning to arise, and there is some truth to it, is that we are living in a restructured world, where one country's monetary policy has an effect on another countrys prices, in a way that we have not seen historically. Hence, we need global coordination to control inflation. The high price of crude is beginning to raises prices in all emerging economies.

Kaushik Basu, Chief Economic Advisor

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