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Georgetown, (Prensa Latina) Since the early part of the 19th century, the United States began to dream of world domination. On December 2, 1823, two hundred years ago, US President Monroe proclaimed that the European powers must recognize the Western Hemisphere as the US sphere of influence. This was an early declaration of its intention to replace the old colonial powers and become the world’s super power.
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Former RBI Governor Raghuram Rajan said India's V-shape economic recovery is not anything to crow about. 'Create a bad enough downturn and the recovery will always be V-shaped,' he said.