Raghuram Rajan (July 2020):

with respect to fiscal support to deal with the pandemic and economic crisis, industrial economies have, on average, deployed 20% of GDP worth of measures; for emerging market economies, that number is 5% of GDP; for developing economies, it is 1%.

What criteria is Rajan using with the above categorization of countries into "industrial", "emerging", and "developing"? Which countries fall in each category?


Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy