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1. Economic Growth and India's Future?

Author:
Joydeep Mukherji
Publication Date:
03-2006
Content Type:
Working Paper
Institution:
Center for the Advanced Study of India
Abstract:
Recent optimism about India is based on the view that the country may finally be on a higher growth trajectory after more than a decade of halting economic reform. Spurred by a balance of payments crisis a decade ago that pushed the government of India to nearly defaulting on its foreign debt, a series of coalition governments have slowly deregulated the once most-regulated economy outside the communist world. Over the years, the government has enlarged the role of market forces, given more freedom to the private sector, and cut barriers to domestic and foreign competition. At the same time, India's state governments have gained considerable autonomy from the central government, making India into the federal state envisaged in its constitution.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
India, East Asia, and Asia

2. The Measure of India: What Makes Greatness?

Author:
Joydeep Mukherji
Publication Date:
11-2002
Content Type:
Working Paper
Institution:
Center for the Advanced Study of India
Abstract:
I join you tonight to consider India on the scales of greatness. In other words, to ask: by what standards do people regard a state as great? And how does India conform to those standards? I must say at the outset, that these are not questions on which I personally would fixate. Greatness in terms of power is not a standard that moves me as a human being. My impulse when looking at countries is to say, “what's so great about being great?” I think a country's taxi drivers tell us more about it than the number of nuclear bombs it might possess. The number of Ph.D. holders, engineers, and writers driving taxicabs in a country, and where they came from, tells me a lot about the country we're in and the country from whence they came. The taxi driver in Iran who complains bitterly about the ayatollahs and wants to talk about pop music and freedom, tells me something about Iran. The engineer who fled Nigeria for the opportunity possible in America, even if it's driving a cab, tells me something about Nigeria and the U.S. Great power has little to do with it.
Topic:
Economics and Industrial Policy
Political Geography:
America, Iran, South Asia, India, and Nigeria

3. India's Slow Conversion to Market Economics

Author:
Joydeep Mukherji
Publication Date:
11-2002
Content Type:
Working Paper
Institution:
Center for the Advanced Study of India
Abstract:
According to the Bible, Saul of Tarsus converted almost instantly to Christianity on the road to Damascus. Subsequently, he neither ate nor drank for three days. The conversion of the world's second largest country, India, to a new way of life based on free markets and private enterprise will not be so rapid or disruptive. Nevertheless, India's conversion to market economics will, like Saul's, be thorough and deep. It will increasingly affect all of us in the global village, in which Indians constitute 17% of the inhabitants.
Topic:
Economics and Industrial Policy
Political Geography:
South Asia and India