governance, political economy, institutional development and economic regulation
Cinema buffs know that the dream sequence ends when the lights come on. But politicians and economists can spin national dream sequences over long periods to captivate ordinary folk in a make-believe world. Two decades of post WWII peace The end of World War II in 1945, paradoxically, through a diabolical nuclear explosion at Hiroshima […]
Read More India’s choices amidst great power rivalryGlobal population growth decelerated since 1965, even before “The Population Bomb”, a 1968 best-seller by Paul and Anne Ehrlich, advocated population control if the world were not to starve to death. In 1972, the Club of Rome published “The Limits to Growth”, which similarly predicted that the world would run out of its natural resources. […]
Read More Population growth- Ticking bomb or blessingIn Hong Kong, British style democracy is being nudged out by Sinicized democratic norms, where the Communist Party of China, and not citizens, determine the limits of democratic conventions. But it is not just China which feels compelled to sculpt the principles of classic, citizen-centric democracy to the objective conditions on the ground. Post-colonial Africa […]
Read More Improbable democracies or impossible benchmarksOver the last three decades, it has become customary to disregard the fears of the “little woman” at the bottom of the income pyramid, as mere misinformed or worse—unenlightened, unreasonable insecurity. Unrequited love for markets After all, markets, if regulated appropriately, have delivered wonderfully and poorer economies have benefited more than developed ones. South Asian […]
Read More Decentralize to empower the bottom of the income pyramid“When you are down and out, on the streets and evening falls hard”, say songwriter Paul Simon and singer Art Garfunkel, friends appear magically like a bridge across troubled waters. That is exactly what 2021 needs to be for the entire world today. A magical bridge across which lies a shinning, clean, healthy and happy […]
Read More 2021 – A bridge across troubled watersThe average human lives for 70 years, though women outlive men. A child born over the next five years will still be alive in 2100 when the world tips over into the +2.5° heating trap triggering catastrophic forces of nature – sea level rise washing away entire islands and shore lines, floods from unseasonal rain, […]
Read More Towards a net zero IndiaThe Modi government has its near-term challenges well defined – containing China, Covid and Congress in the order they are presented. The Congress bogey Of these, the last seems the most doable. The Congress lingers primarily because Indians are habituated to hedge their bets and have a back-up plan. Never put all your eggs in […]
Read More Containing the 3Cs- China, Covid and CongressAlt-Right strategic opinion is convinced that the assertion of incremental claims over the upper reaches of the Galwan river valley in Ladakh reflects the habitual greediness of China which “nibbles away” at borders in a near continuous expansion of territory. In doing so it also constantly tests the limits to which it can push the […]
Read More Neighborly discord in the Galwan valleyPolitics is heating up. Elections in Bihar loom in November with Assam, Kerala, Tamil Nadu* and West Bengal tightly packed together in May next year, just after the FY 2021-22 budget. Bihar remains rural at heart. Luckily for the BJP, agriculture is the bright star in the Indian economy with expected growth of 3%. Doesn’t […]
Read More The price of fiscal exuberanceA visit by the United States President (POTUS), months before the American elections, can be many things — a farewell trip, collecting paybacks for past favours or simply a low-risk, synchronised “feel good” ride amidst millions of adoring Indians — reliving thereby the past grandeur of America as a global beacon for developing world fantasies […]
Read More “Treating POTUS better” is good for India too
Opinion India 