Economics
Inequality, Globalization, and Economic Growth
YaleGlobal’s Bardhan suggests China and India’s poverty reduction miracle may have less to do with economic growth and globalization than previously thought.
The Economist on Private Sector Quotas
For over a year controversy has raged in India over government plans to extend quotas – India’s version of affirmative action for the lower castes – to the private sector. The plans raised the hackles of many, and for the first time led to questioning the real effectiveness of quotas. Now, the Economist has weighed [...]
Inequality in the US: India’s Choice
I have written a lot recently on inequality – in India and in Asia. The basic point has been the same – that inequality is bad from a social and moral point, but (as the ADB argues in its report on Asia) also from an economic point of view. In the same vien I pulled [...]
Income Inequality in Asia Growing
The ADB has just released a report titled “Key Indicators 2007: Inequality in Asia” (covered in IHT and BBC). The report concludes that the gini index, a measure of relative inequality had grown in all 15 countries studied, since the 1990s. More alarmingly, absolute inequality had grown even more. The bank identified the trend as [...]
World Bank Offers $600 million to India
BBC News is reporting the World Bank has approved a USD 600 million loan to India, aimed at “helping millions of poor farmers across India” (original report at Reuters). The money will go to supplement a government sponsored program, worth USD 3.32 billion, to refinance India’s cooperative banks, which would then offer cheaper loans to farmers. [...]
The Case Against Development Aid: China, India, Africa
To argue against development aid, one need look no further than China, India, and Africa. The first two grew despite foreign aid, and the last has not grown much even with substantial aid.
Income Inequality Growing in India
An updated version of this post now appears on the IEB, with additional references. In the debate over growth and equality, and comparisons of India and China, proponents of India’s path to development make much of the fact that income inequality in India is relatively low. The UN Human Development Report 2006 estimates the Gini [...]
India’s Capital Markets: Deutsche Bank releases paper
Another bank, another paper. Deutsche Bank Research has released a 16 page report on India’s capital markets. It has a lot of numbers from a lot of places, and may not interest everyone. But it presents some interesting observations on India’s growth and development. Credit growth has surged at 35% year on year in 2004-05, [...]
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