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The crises emanating from the Global Financial Crisis and the COVID-19 Pandemic have underscored, the emergency role of the State and its smooth, seamless reactivation, for situations when private activity and markets are disrupted. In many countries, SOEs have been a crucial part in delivering on that effort as agents of the State. While SOEs are increasingly sought to play a role during emergency situations, evidence suggests that they misallocate capital and mismanage resources. This is indicative of the conflicts of interests in owning and regulating enterprises as well as between the commercial and non-commercial objectives of SOEs, crony capitalism, the private agenda of public officia...
Theories of economic growth focused on physical capital and its diffusion till the 1950s. Since then, increasing attention has been paid to the role and utility of knowledge, human capital, governance, institutions, and social capital as critical dimensions in determining economic growth and evolution. Focusing on the three forms of intangible capital-human, social, and institutional capital-this book looks at their dynamic linkages as crucial determinants of economic growth and their significance in the process of economic evolution. The author brings out this linkage at the macro level through case studies such as the growth experiences of Britain and America during the Industrial Revolution, Japan's high growth post-WWII and its recent lackadaisical growth experiences, and the contemporary growth experiences of China and India. The author presents an analysis of the interaction between the three intangible capitals at the firm level to explain the micro phenomenon.
One morning, with no warning, Gopal, respected professor, devoted husband, and caring father, walks out on his family for reasons even he cannot articulate. His wife, Sumi returns with their three daughters to the shelter of the Big House, where her parents live in oppressive silence: they have not spoken to each other in 35 years. As the mystery of this long silence is unraveled, a horrifying story of loss and pain is laid bare—a story that seems to be repeating itself in Sumi's life. This multigenerational story, told in the individual voices of the characters, catches each in turn the cycles of love, loss, strength, and renewal that becomes an essential part of the women's identities. A Matter of Time reveals the hidden springs of character while painting a nuanced portrait of the difficulties and choices facing women—especially educated, independent women—in India today.
The print edition is available as a set of two volumes (9789004048737).
In 1947, India was underdeveloped and it was basically an agriculture based economy with Poor industrial development, high degree of unemployment, and low level of availability of funds for investment was meager, total lack of basic infrastructure facilities. Public sector was essential for self-reliant economic growth, to diversify the economy and to overcome economic and social disadvantage. Private sector was not capable of dealing with economic issues of the country.
As a young Mumbai couple goes from college romance to marriage and the birth of their first child, the unexpected twists of their journey create reverberations that echo over continents and through lifetimes.
OECD's 2014 Economic Survey of India examines recent economic developments, policies and prospects. Special chapters cover health, the manufacturing sector and economic participation of women.
The World Investment Report 2008 presents the latest data on foreign direct investment (FDI) and traces global and regional trends in FDI and in international production by transnational corporations (TNCs). This year's report puts a special focus on the role of TNCs in meeting the huge needs of developing countries for infrastructure such as roads, ports, water, gas and electricity supply, and telecommunications. Drawing on unique data, this year, the Report examines the universe of the largest TNCs investing in infrastructure industries and the increasing role of TNCs from the South in contributing to infrastructure in other developing economies. The Report explores how the participation of TNCs brings benefits, but also entails risks and costs. It considers how the mix of public and private (including TNC) involvement can help spur foreign investment and knowledge transfer to countries that need such inflows.