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A Glass Half Full
Trade has played a critical role in global poverty reduction. In harnessing the potential of trade, some of the most successful countries have developed strong trade relationships with their neighbors. However, many South Asian countries have trade regimes that often offset the positive impact of geography and proximity. This report documents systematically the gaps between current and potential trade in South Asia and addresses important specific barriers that have held trade back. These barriers include tariffs and paratariffs, real and perceived nontariff barriers, connectivity costs, and the broader trust deficit. This policy-focused report unpacks these critical barriers to effective tr...
Playing to Strengths
It is widely agreed that, over the past decade, accelerating infrastructure investments in India's North Eastern Region (NER) and neighboring countries, along with connectivity agreements with Bangladesh, hold immense promise for unlocking NER's economic potential. Other global trends, such as the growing incomes and consumer awareness in India and neighboring countries; a rising preference for fresh, healthy, safe, environmentally friendly, and socially responsible products; the growing role of services in manufacturing; and increasing demand for skilled resources are also very favorable for NER. Together, these developments can help NER showcase its strengths in agriculture and services, t...
Slip, Stitch and Stumble
Manmohan Singh’s speech of 1991 changed the trajectory of the Indian economy, especially its financial sector. His budget measures infused the Indian financial sector with a competitive element, sketching out a roadmap for it that promised a somewhat level playing field for both the state-owned and private financial intermediaries. But why these reforms? What were the motivations behind these reforms? This book answers these and many other such questions and focuses on the trajectory of financial sector reforms in India, given that they became the foundational basis for many other economic reforms. The strategy behind the financial sector reforms, and their design and structure, thus, had ...
Homeworkers in Global Perspective
Homeworkers in Global Perspective documents the lives of homeworkers, exploring state policies towards them, and describing the innovative ways in which homeworkers organize. Moving away from well-known, already explored cases, the essays focus on less-known but equally compelling examples organize, and covers the major geographic regions of the world and illustrates the diversity of home-based work and homeworker organizing.
India
India, long known for its huge population, religious conflicts and its status as not-quite best friend ally of the United States has moved from the backwaters of world attention to centre stage. Afghanistan and Pakistan with whom India is in almost conflict, are neighbours. India has developed a nuclear capability which also has a way of grabbing attention. This book discusses current issues and historical background and provides a thorough index important to a better understanding of this diverse country.
Turmoil in Latin America and the Caribbean
This report analyzes potential spillover effects of the Argentine crisis to other Latin American countries and examines the impact of the crisis on foreign direct investment flows. On a country by country basis, the paper also assesses the importance of trade and financial linkages for spreading the effects of financial crises in the region.
Transnational Capitalism in East Central Europe's Heavy Industry
An examination of the post-communism reform of state enterprises that reveals the political dynamics of privatization
The Unbalanced Uruguay Round Outcome
In mercantilist economics the North was a big winner over the South at the Uruguay Round; in real economics an even bigger winner.
Commercial Banks and Monetary Policy in India
Set against a backdrop of financial-sector reforms in India, this analysis explores theories and empirical evidence regarding the behavior of commercial banks and their reactions to centralized monetary policy. A comprehensive account of the credit channels of monetary transmission is presented along with observations of the modified IS-LM model within the independent banking sector. Progressive issues such as future consolidation of the banking sector are also addressed. Ultimately, not all commercial banks react uniformly to monetary policy, as ownership, size, liquidity, and capitalization play key roles in determining individual responses.
