(Archived document, may contain errors) No. 117 October 30, 1991 U-SPONDING TO MUIS MT.LCOME ECONOARC REFURNE INTRODUCTION Socialism, it is now universally recognized, is thoroughly discredited as an eco- nomic model across Eastern Europe and the Soviet Union. There it did enormous eco- nomic damage. Yet nowhere has the combination of socialist economic and anti-trade policies proved more of a failure to more people than in India. There the victims of eco- nomic failure am counted in the hundreds of millions.

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