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Breaking Out
Padma Desai grew up in the 1930s in the provincial world of Surat, where she had a sheltered and strict upbringing in a traditional Gujarati Anavil Brahmin family. Her academic brilliance won her a scholarship to Bombay University, where the first heady taste of freedom in the big city led to tragic consequences—seduction by a fellow student whom she was then compelled to marry. In a failed attempt to end this disastrous first marriage, she converted to Christianity. A scholarship to America in 1955 launched her on her long journey to liberation from the burdens and constraints of her life in India, with a growing self-awareness and transformation at many levels, as she made a new life for...
From Financial Crisis to Global Recovery
This book examines the factors leading to America's recent recession, describing the monetary policy, tax practices, subprime mortgages and lack of regulation that contributed to the crisis. The book also considers the the prospects for economic recovery in North America, Europe, Asia, and South America as well as the extent of U.S. and EU regulatory proposals.
Work Without Wages
Focusing on the roots and scale of wage nonpayment, the book is an indispensable guide to understanding Russia's economic restructuring and of the social costs of the transition born by the general population. The seventy-year-old Soviet tradition of "wages without work" soon turned into "work without wages" when the planned economy began switching to a market system in 1992. Lack of budget discipline, the breakdown of contractual obligations at all levels, and the failure of state agencies to enforce laws among businesses led to pervasive wage nonpayment to workers in both the public and private sectors. In this book Padma Desai and Todd Idson combine econometric rigor, policy analysis, and...
Financial Crisis, Contagion, and Containment
This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and Brazil was eventually hit. The inequitable center-periphery relationship also extended to the policy measur...
From England with Love
In 1926–27, Kalidas Desai, a student of English literature at the University of Cambridge, wrote a letter every other week to his friend and colleague Vishnuprasad Trivedi. During one of her visits to Surat, his daughter Padma Desai was handed a metal box containing these letters, written in ink on brown decaying paper, the ruminations of a young Kalidas on a wide spectrum of topics: from his battles with Icelandic Norse and Scandinavian Anglo-Saxon languages to his great delight at attending the lectures of T.S. Eliot; from his enchantment with London, its theatres and cricket, to his deep appreciation of the English countryside; from the cultural and social contrasts between Britain and India to the general nature of love, religion and education. In From England with Love, Padma Desai presents a comprehensive selection of these letters. Detailed, picturesque and exquisitely crafted, Kalidas’s prose captures the ethos and zeitgeist of England in the mid-1920s, the trials and victories of an Oxbridge education almost a century ago, and the scholarly reflections of an Indian student in the midst of new and exciting adventures.
Conversations on Russia
Much of the discussion of Russia's recent post-Communist history has amounted, both in Russia and the West, to a series of monologues by strong-minded people with starkly divergent views. In contrast, Padma Desai's conversations with influential, intelligent participants and observers provide the reader with a broad, nuanced view of what has and has not happened in the last fourteen years, and why. Conversations from Russia will thus serve as a much-needed reference volume, both for academics who study Russia and for laypeople who only have vague perceptions of what has occurred in Russia since the collapse of Communism. In conversations with important figures like Boris Yeltsin, George Soro...
India
The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by lib...
Money, Crises, and Transition
The essays taken on the issues that have fascinated Calvo most as an academic, a senior advisor at the International Monetary Fund and as the chief economist at the Inter-American Development Bank: monetary and exchange rate policy, financial crises, debt, taxation and reform, and transition and growth.
Unbecoming
Brimming “with the ebullient Bhagwati’s fierce humanism, seething humor, and change-maker righteousness,” (Shelf Awareness) a raw, unflinching memoir by a former US Marine Captain chronicling her journey from dutiful daughter of immigrants to radical activist fighting for historic policy reform. After a lifetime of buckling to the demands of her strict Indian parents, Anuradha Bhagwati abandons grad school in the Ivy League to join the Marines—the fiercest, most violent, most masculine branch of the military—determined to prove herself there in ways she couldn’t before. Yet once training begins, Anuradha’s GI Jane fantasy is punctured. As a bisexual woman of color in the milita...
