The Times of India

It\’s the Nasdaq, stupid

Why did Al Gore not coast to victory in the US presidential election on the back of a boom economy? The US is currently enjoying the longest boom since World War II, unemployment has fallen and productivity risen to record …

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It\’s the Nasdaq, stupid

Why did Al Gore not coast to victory in the US presidential election on the back of a boom economy? The US is currently enjoying the longest boom since World War II, unemployment has fallen and productivity risen to record …

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In Godfather, we trust

Foreign visitors frequently ask me for myassessment of India\’s prospects. I tell them that economicmanagement is improving, but governance is deteriorating, and beyond a point deteriorating governance can make good economic management impossible. This has already happened in Bihar: Economic …

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Harness the caste system

Last week I talked of the concept of social capital–the social glue that enables cohesive communities to pull together, help distressed members, mediate conflicts, penalise deviant behaviour and reward desirable behaviour, far more efficiently and cheaply than government mechanisms. Successful …

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Land of the Pseudo-Tigers

FIRST, the good news. Environmentalists may tell us that the Indian tiger is getting extinct, but economic data tell us that some Indian states may be emerging as the latest Asian tigers. Take a look at the accompanying table. It …

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