With the cacophony of the 16th Lok Sabha election behind us, it is time to reflect on the realities of the politicoeconomic system that constitutes the set of initial conditions for the next government. The economy is sluggish and structurally weak. More than 60 years after Independence, only a small minority can afford a decent living. Indira Gandhi had vowed to remove poverty ("Garibi hatao") while campaigning for the Congress in 1971, but the improvement has been so small, and the policy di ..
Tuesday, May 20, 2014
Quoted by The Bangok Post, March 2014
Coal availability from Indonesia is going to become a concern over the next five to 10 years, according to Vivan Sharan, chief executive of the Global Governance Initiative of the Observer Research Foundation,...
link:http://www.bangkokpost.com/business/news/402713/fuel-for-thought.
link:http://www.bangkokpost.com/business/news/402713/fuel-for-thought.
Review of Development cooperation and emerging powers: New partners or old patterns, in the South African Journal of International Affairs, March 2014
The on-going shift of the global economic centre of gravity from the West to the East and the North to the South has led to a rapid evolution of the development cooperation and aid architecture. Emerging and developing countries such as those within the BRICS (Brazil, Russia, India, China, South Africa) grouping now account for a large proportionate share of global growth. The growth of these large economies has been spurred in part by integration with global and regional supply chains. Concomitantly, external stability and shared prosperity is of vital importance if their growth trajectories are to remain intact.
Development cooperation and emerging powers: New partners or old patterns, a book edited by Sachin Chaturvedi, Thomas Fues and Elizabeth Sidiropoulos, sketches the contours of the evolving development cooperation frameworks and experiences of individual emerging and developing countries. The book is divided into three sections: the first delves into the background of South–South cooperation, a historical concept which has established the structures and normative ideas within which emerging and developing countries largely place their development cooperation engagements; the second encompasses a nuanced narrative on the experiences of traditional aid and ‘donor’ countries; and the third focuses on the new actors, institutions and modalities in the development cooperation space.
Book Review of FDI in South Asia, Journal of the Asia Pacific Economy, February 2014
Globalization has changed the world significantly over the past two decades. The global economy is far more interconnected than before, and the progress of nations depends both on internal and external factors. Given resource constraints and lack of investment in developing South Asian countries, market forces and private investment, both external and internal, are increasingly been relied on as the engine of economic growth. The book has been written within this overarching contemporary context, and therefore is very relevant for readers interested in the South Asian economy.
South Asia has the world's largest working age population, a quarter of all middle-class consumers; and at the same time, it has the dubious distinction of being home to the largest number of poor and undernourished. In the book, the authors have managed to succinctly highlight some of the reasons for these cleavages. They note that after independence from colonial rule, South Asian countries ‘adopted closed macroeconomic policies with import substitution industrialization policies’ in an effort to encourage ‘self-reliance’. History has proven that this and subsequent policy planning based on normative underpinnings were costly missteps.
Read Full at:
http://www.tandfonline.com/eprint/v7ydFtkGSecna3sqqHjs/full
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