The Political Path for India’s Industry

Deep diving into history, India and China had been leaders of the world for a good two and a half centuries, beginning from 1500. The two countries have politically contrasting stories, but there was an unmistakable commonality of widespread cultural underpinnings in both countries. Over and above this, India was, and still is, heavily influenced … Continue reading The Political Path for India’s Industry

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Does a corrupt government have incentive to accelerate public spending on education?

This is a suggestive theoretical article at best with zero empirical analysis. Comments are welcome Education has always taken the centre seat in economies at all stages. Different economies invest differently at different levels of education taking various variables into account. These include demographics, age structure, income levels, history, cultural variety, natural resources and more. … Continue reading Does a corrupt government have incentive to accelerate public spending on education?

A Festschrift Honouring Kaushik Basu: Markets, Governance and Institutions in the Process of Economic Development

On Sunday, 17th December, 2017, gathered some of the most renowned development economists in the world to honour the life and work of Kaushik Basu. The event was the release of a Festschrift, literally, “fest-script” or a book to celebrate, the work of an academician, in this case, Kaushik Basu. This galaxy of stars comprised … Continue reading A Festschrift Honouring Kaushik Basu: Markets, Governance and Institutions in the Process of Economic Development