Narendra Modi , Prime Minister of India visited Japan recently and signed treaties along with his Japanese counterpart. He additionally met with Japanese entrepreneurs, industrialists and investors. Japan has agreed to invest $ 35 B in coming 5 years in numerous projects in India. This will improve Indo-Japan cooperation in enterprise and financial sectors and will benefit both countries.
Bowles (2006) has argued that while free market-advocates attribute economic issues to the government, free market opponents attribute financial problems as being an inherent part of the capitalist system. In the eyes of market advocates, inflation is caused by the federal government creating an excessive amount of money, and unemployment is brought on by institutional frictions resembling minimal wages and professional-trade union bargaining” (Bowels, 2004, p.37). Others, like John Maynard Keynes, viewed the capitalist system as being inherently unstable and crisis-ridden—crises like the continued financial downturn that began in 2008.
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