The year 1998 marks the 50th anniversary of the Marshall Plan. This is famous for pulling Europe out of the wreckage of World War II and propelling it to prosperity. But it was also the first great structural adjustment programme, …
Pakistan has long been richer than India. On the 50th anniversary of independence, The Economist proclaimed India the greater political success, but Pakistan the better economic performer. That may finally have changed. The World Development Report, 1998, of the World …
When India went bust and started reforming in 1991, leftists predicted a decade of lost development. They pointed to much of Africa and Latin America, where growth had stalled or reversed in the 1980s after years of structural adjustment programmes …
When India went bust and started reforming in 1991, leftists predicted a decade of lost development. They pointed to much of Africa and Latin America, where growth had stalled or reversed in the 1980s after years of structural adjustment programmes …
Nobody is celebrating the silver jubilee of the 1973 oil crisis which suddenly made the Organisation of Petroleum Exporting Countries (OPEC) rich beyond its wildest dreams. The event was then hailed as a historic watershed, for two reasons. First, developing …
The lack of BJP action on the swadeshi front is because of the realisation that videshi can\’t be curbed without also hurting a lot of swadeshi business, says Swaminathan S Anklesaria Aiyar The most remarkable thing about seven months of …
When Amartya Sen was awarded the Nobel Prize for Economics, I was astounded to get a request from a prominent editor to write on the topic, \”Does getting the Nobel Prize vindicate Sen\’s stand against IMF policies and economic policies …
I pointed out last week that all countries (including the US) control their financial systems, since these are the most imperfect of markets, prone to panic and systemic collapse. I said the IMF viewed forex controls as old-style socialist controls …
Indian policy makers should focus on boosting growth so that a boost in savings will follow, says Swaminathan Anklesaria Aiyar If there is one thing that all finance ministers from Manmohan Singh and Chidambaram to Yashwant Sinha and Madhu Dandavate …
The international financial system has cracked apart like a smashed eggshell, and all the imp\’s horses and all the IMF\’s men cannot put it together again. That is why President Clinton of the US and Prime Minister Blair of Britain …
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