The Economic Times

How original sin affects India

Original sin, once just a Christian doctrine, has now become an economic concept too thanks to economists like Barry Eichengreen, Ricardo Hausmann, Panizzi and Roberto Rigobon. It refers to the inability of developing countries like India to raise foreign loans …

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A second look at the 1980s

Harvard don Dani Rodrik and IMF economist Arvind Subramanian are writing a revisionist paper on the Indian growth experience over the last two decades. The standard story is that India blundered along the socialist, inward-looking path till 1991. Then came …

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Trade diversion down under

Few Indian observers have commented on the Australia-US Free Trade Agreement. Free Trade Agreements (FTAs) are becoming a dime a dozen, and most yield only marginal changes. So why should we pay particular attention to the newly-signed AUSFTA? Because it …

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Why Iraq matters so little

The Democratic Party primaries in the US have once again shown that too many Indian foreign policy analysts are victims of wishful thinking. Many of them hoped Afghanistan would prove another Vietnam. This was soon exposed as wishful thinking. The …

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