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The New Wealth of Nations
The emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the world’s middle class resides in the erstwhile poor countries; world income inequality is down to levels last observed in 1870; and there has been a large reduction in absolute poverty. What accounts for such rapid development and catch-up? Distinguished economist Surjit S. Bhalla’s The New Wealth of Nations offers a short answer—the spread of education. The very large increase in college graduates in the non-Western world, the growing educational achievements of women, and the radical change in gender roles is critical to the understanding of current-day mega-trends. Indeed, this unprecedent...
Imagine There's No Country
Refer a critical discussion of the content in this book by Martin Ravallon in 'Economic and Political Weekly'. Vol. 37, 46, 2002. pp. 4638-4645.
Devaluing to Prosperity
Experts have long questioned the effect of currency undervaluation on overall GDP growth. They have viewed the underlying basis for this policy--intervention in currency markets to keep the price of the home currency cheap--as doomed to failure on both theoretical and empirical grounds. Moreover, the view has been that overvalued currencies hurt economic growth but undervalued currencies cannot help in growth acceleration. A parallel belief has been that the real exchange rate--that is, a country's competitive ranking--cannot be affected by merely changing the nominal exchange rate. This view is grounded in the belief, and expectation, that inflation follows any devaluation of currency. Henc...
Citizen Raj
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Criconomics
Has the potential to change how cricket is discussed, judged, coached and played.' James Astill. 'A fascinating contribution and a testimony to the observation that sport, life, statistics and obsession can be great fun. ' Lord Nicholas Stern. Who are the best and the greatest batsmen, bowlers, captains, teams and all-rounders in ODI history? How accurately can cricket matches be predicted? Which teams and players perform the best under stress? Who is likely to become the most successful team of this decade and why. Cricket has its glorious uncertainties but some things are less uncertain than commonly believed. Criconomics breaks new ground in cricket research by eliminating subjectivity to...
Trade and Income Distribution
"Cline also finds that trade liberalization has tended to raise skilled wages rather than reduce unskilled wages. Moreover, its impact has probably been no larger than falling transport and communication costs. Most importantly for policy, model simulations for the future show more limited trade impact than in the past and little unequalizing impact of further trade liberalization. Book jacket."--Jacket.
Democracy's Victory and Crisis
Leading scholars from a range of disciplines address questions central to the development and survival of democratic rule.
The Great Tamasha
On a Bangalore night in April 2008, cricket and India changed forever. It was the first night of the Indian Premier League – cricket, but not as we knew it. It involved big money, glitz, prancing girls and Bollywood stars. It was not so much sport as tamasha: a great entertainment. The Great Tamasha examines how a game and a country, both regarded as synonymous with infinite patience, managed to produce such an event. James Astill explains how India's economic surge and cricketing obsession made it the dominant power in world cricket, off the field if rarely on it. He tells how cricket has become the central focus of the world's second-biggest nation: the place where power and money and ce...
Restart
In Restart, Mihir S. Sharma shows what can and must change in India's policies, its administration and even its attitudes. The answers he provides are not obvious. Nor are they all comforting or conventional. Yet they could, in less time than you can imagine, unleash the creativity of a billion hopeful Indians.
