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<title>Swaminathan S. Anklesaria Aiyar (Author at The Cato Institute)</title>
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<description>
The Cato Institute seeks to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets and peace. Toward that goal, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government.
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				<title>Swaminathan S. Anklesaria Aiyar (Cato Institute)</title>
				<link>http://www.cato.org/people/swaminathan-anklesaria-aiyar</link>
				<description>Swaminathan S. Anklesaria Aiyar</description>
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				<title>India Votes For Continuity, Not Radical Change (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10239</link>
				<description><![CDATA[India's ruling coalition, led by the Congress Party, surged to an unexpected victory in last week's elections. It no longer needs the Left Front (four Marxist parties) for survival, and so can go ahead with economic reforms earlier vetoed by the left. Yet its policy emphasis will be on continuity ra...]]></description>
				<pubDate>Thu, 21 May 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10239</guid>
			</item>
			<item>
				<title>No Change for the Dollar (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10147</link>
				<description><![CDATA[The latest idea for supplanting the US dollar as the world's reserve currency just doesn't make sense

Many governments and economists are increasingly unhappy with the US dollar as the world's main reserve currency. Momentum is building up for using the Special Drawing Rights (SDR) of the Interna...]]></description>
				<pubDate>Fri, 24 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10147</guid>
			</item>
			<item>
			<title>SDRs as a New Reserve Currency (Daily Podcast)</title>
			<link>http://www.cato.org/dailypodcast/podcast-archive.php?podcast_id=880</link>
			<pubDate>Wed, 22 Apr 2009 00:00:00 EDT</pubDate>
			<guid>http://www.cato.org/dailypodcast/podcast-archive.php?podcast_id=880</guid>
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				<title>It's Goodbye Chindia and Hello Chimerica (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10135</link>
				<description><![CDATA[Some years ago, Jairam Ramesh coined the word Chindia, hyphenating China and India, to denote a great new geopolitical development. The earlier BRIC  
report had identified China and India as potentially the two fastest growing states that could one day rival the US in GDP. By 1990, China had emerg...]]></description>
				<pubDate>Wed, 22 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10135</guid>
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			<item>
				<title>Can IMF Currency Replace the Dollar? (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10105</link>
				<description><![CDATA[World leaders at the G-20 meeting agreed to create new international money worth $250 billion. The IMF will oversee the new money called SDRs (Special Drawing Rights). Some people believe &#8212; and China fervently hopes &#8212; that SDRs will in due course replace the dollar as the main world rese...]]></description>
				<pubDate>Sun, 05 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10105</guid>
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			<item>
				<title>Market Capitalism Beats Bolivarian Socialism (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10062</link>
				<description><![CDATA[If the U.S. economy is in trouble, its rivals are worse.

The G-20 is meeting to try and fix the allegedly floundering capitalist system. The media are part of the chorus; the Financial Times, for example, has a new series, "Future of Capitalism," with contributions like "Let fairness triumph over...]]></description>
				<pubDate>Mon, 23 Mar 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10062</guid>
			</item>
			<item>
				<title>High Forex Reserves Can Worsen Recession (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10044</link>
				<description><![CDATA[High foreign exchange reserves have, in the current global recession, saved Asian countries (including India) from the travails they suffered in the Asian financial crisis of 1997-2000. So, they must aim for rising forex reserves in future too, right? Wrong.

In truth, high Asian forex reserves ar...]]></description>
				<pubDate>Sun, 08 Feb 2009 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10044</guid>
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			<item>
				<title>Services Won't Save Us from Recession (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10045</link>
				<description><![CDATA[The global recession is going to be worse than expected. The developed countries as a whole will suffer a fall in GDP in 2009, the first fall since World War II. India cannot escape the global downswing. But the mid-term review of the economy, presented recently to Parliament, claimed that India wou...]]></description>
				<pubDate>Wed, 14 Jan 2009 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10045</guid>
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