Articles

Earlier Indian companies cooked their books, kept profits black, and rigged their share prices up. Once foreign investors entered the market, they marked down the price of dodgy companies while paying high prices for companies with good standards. Some Indians […]

It’s the 10th anniversary of one of the most successful international trade agreements India has signed. But nobody is celebrating it. Indeed, the remarkable fact is that few have even heard of it. This is the Information Technology Agreement (ITA)

This is flawed thinking. First, fears of the world running out of raw materials occur every few decades, and have always proved false. Second, even if some commodities do indeed get scarce, that will increase the chances of foreign investors

Recently, I was asked to speak at the Aspen Institute on India\’s strategy for global economic dominance. I said I disliked the concept of dominance. India\’s rise, like China\’s rise, represents global interdependence, not a new group of dominators. Tata\’s

Historically, MNCs have had high profit margins arising from quasi-monopolies in technology and finance, and political influence translating into protectionism. In the US, trade unions fought for a bigger share of the surpluses, and obtained the highest wages in the

Historically, MNCs have had high profit margins arising from quasi-monopolies in technology and finance, and political influence translating into protectionism. In the US, trade unions fought for a bigger share of the surpluses, and obtained the highest wages in the

The leftist critics are right when they say India\’s record GDP grow-th is bypassing rural millions. This tragedy arises from massive government failure to provide decent education and infrastructure to every village despite 60 years of gargantuan but wasteful spending.