Ejaz Ghani, Lakshmi Iyer, Saurabh Mishra, 10 April 2012

What policies can narrow the huge gap between the rich and the poor within India and other South Asian countries? One way is to devolve power to local governments in the hope they can better target the poverty. This column argues that simply directing financial resources to poor regions is not enough and needs to be complemented with increases in capacity and accountability of the local authorities.

Ejaz Ghani, Lakshmi Iyer, Saurabh Mishra, 09 March 2012

While the rate of economic growth in India and other South Asian countries is impressive, it does raise the question of whether this growth is inclusive. This column looks at a range of poverty measures over time and finds that while not all extremely poor people in the world are trapped in poverty, in India and South Asia the poorest are not catching up with the richest fast enough.

Ejaz Ghani, William Kerr, Stephen O'Connell, 26 February 2012

Entrepreneurship is often held aloft as the missing ingredient for growth in many economies, particularly developing countries. But for many policymakers, entrepreneurs are a mystery. This column looks at India and asks why entrepreneurs locate where they do.

Ejaz Ghani, 23 January 2012

Mention China and India to economists and their first thought will be rapid growth. Their second thought might be how differently the two economies are achieving this: China through manufacturing, India through services. This column asks whether that stereotype may be changing.

Ejaz Ghani, 13 January 2012

What will India and other South Asian countries look like in 2025? The optimistic view is that India will achieve double digit growth rates but the pessimistic view is that growth will be derailed by several transformational challenges. This column introduces a new book asking what the story between now and 2025 might involve, and what can be done to reshape tomorrow.

Emmanuel Guindon, Arindam Nandi, Frank Chaloupka, Prabhat Jha, 23 December 2011

In India, 1 in 5 of all adult male deaths and 1 in 20 of all adult female deaths at ages 30-69 are due to smoking. This column estimates that raising the price of cigarettes by 1% would decrease smoking by about 1.1% and even more so for poorer households.

Ejaz Ghani, William Kerr, Stephen O'Connell, 04 December 2011

With millions of young people entering the global labour market each year, the question on their lips as well as policymakers’ on high is whether there will be enough jobs for them. But fewer are asking who actually creates these jobs. This column looks at data from India suggesting that young and small firms play a vital role. It argues that entrepreneurship works; policymakers just need to support it.

Arvind Subramanian, 05 December 2011

The Indian growth miracle, including the experience of the 2000s, continues to confound. This column examines the numbers across states and establishes four facts: growth was faster in the 2000s than the 1990s in most states, divergence in the growth performance across states continues, faster growing and more globalised states took a bigger hit during the crisis, and the demographic dividend seems to be disappearing.

Valentina Bosetti, Jeffrey Frankel, 28 November 2011

The signatories of the UN Convention on Climate Change will meet again this week in Durban, South Africa. But time is running out if they are to come up with a successor to the Kyoto Protocol, especially with the US at loggerheads with China and India. This column proposes a novel yet pragmatic solution.

Ashoka Mody, Anusha Nath, Michael Walton, 20 November 2011

Some see recent corporate scandals and the vast personal wealth of celebrity entrepreneurs as evidence that Indian companies enjoy excessive influence and power. Others see India’s corporate sector as the fundamental driver of recent and future prosperity. At least for the period from the early 1990s to the late 2000s, this column finds that the second view is closer to the truth.

Rajeswari Sengupta, Joshua Aizenman, 15 November 2011

Emerging markets face what some economists are calling a trilemma. They cannot simultaneously target exchange-rate stability, conduct an independent monetary policy, and have full financial integration. So what to do? This column looks at how Asia’s giants are responding – and in different ways.

Kavaljit Singh, 31 October 2011

In 2007 China set up its sovereign wealth fund, the China Investment Corporation, with an initial capital fund of $200 billion. Since then, Asia’s other emerging economic power – India – has been wondering if it should follow. This column argues that such a move is ill-advised and that India has more worthy investment opportunities at home.

Ganeshan Wignaraja, 29 September 2011

With the global economy in the treatment room, Asia’s economic giants are under examination as among the few exciting sources of world trade and growth. This column summarises the results of research on reforms, regionalism, and exports in China and India. It finds that China is likely to remain ahead in world trade in the next decade, although India has the opportunity to narrow the gap using policy measures.

Helmut Reisen, Jean-Philippe Stijns, 12 July 2011

Many discussions of official development assistance express concerns about China's growing investment and involvement in Africa economies. This column, summarizing the 2011 African Economic Outlook report, emphasizes the benefits of emerging economies' increasing presence in Africa, including the opening of African policy space due to Western donors' decline in relative influence.

Sanghamitra Das, Kala Krishna , Sergey Lychagin, Rohini Somanathan, 30 May 2011

Since the late 1990s, India has liberalised its economy to an extent unthinkable even 20 years ago. This column looks at the effect that private sector competition can have on the country’s still large public sector. Using plant-level data from the main provider of steel for India’s railways it finds that when the publicly-owned company faced the risk of closure, productivity dramatically increased.

Ejaz Ghani, Arti Grover Goswami, Homi Kharas, 04 May 2011

Services have long been the main source of growth in rich countries. This column argues that services are now the main source of growth in poor countries as well. It presents evidence that services may provide the easiest and fastest route out of poverty for many poor countries.

Anne Krueger, 28 April 2011

The Doha Round is in peril. This essay argues that if the impasse is intractable, world leaders face three choices: to quickly finish the low-ambition package on the table, to explicitly terminate the Doha Round, or to let it die a slow death. It says the last option would be by far the worst – even if it is the most likely.

Philip Levy, 28 April 2011

The Obama Administration seems to view Doha delay as a minor issue since they view the export gains from the current package as small. This column argues that this calculation is based on a false premise that the status quo would continue even if the Round dragged on for years. Nations respect the WTO’s Dispute Settlement Mechanism verdicts in order to remain as members in good standing; this allows them to reap the benefits of the WTO as a negotiating forum. If the WTO collapses as a negotiating forum, nations may move towards a crass calculus that assesses verdicts only on the basis of the threats that back them. This would be a deeply regrettable move away from a rules-based global trading regime.

Nicholas Bloom, Aprajit Mahajan, David McKenzie, John Roberts, 13 April 2011

“The Office”, a popular British television programme, has been shown in more than 50 countries. Its international appeal likely stems from its universal theme: managerial incompetence. This column looks at the case of India and shows how the poor management of its companies is holding the country back.

Shekhar Aiyar, Ashoka Mody, 05 April 2011

When an economy's working-age population rises, so can its growth rate – a result known as the “demographic dividend”. Using state-level data from India, this column finds that its demographic dividend has already been substantial. It played a key role in India's accelerating growth since the 1980s and will add 2% to annual income growth for the next two decades.


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