The Times of India

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

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

The old left is smiling. It is gleeful about the economic disaster in East and South-East Asia; about the collapse of Russia; about the strong possibility of Latin America becoming the next domino. Even the USA, whose booming economy once

Russia today proves the point that economic reform cannot take place in the absence of governance. When governance collapses, no mount of foreign money can save a failed state like Russia. Quick-fixes like those attempted by the IMF will fail

For years, leftists have criticised the Washington Consensus, seen as the joint manifesto of the World Bank, IMF and USA. The Consensus, according to the left, says \”Liberalise everything, create a minimal state, be tough in fiscal and monetary matters.\”