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Dhiraj Nayyar
Good regulation, independent of both government and industry, is a crucial institutional requirement of an efficient capitalist economy. India only began its tryst with independent regulation as recent as in the 1990s after we moved decisively towards a market economy.
Almost all economic indicators from everywhere in the world suggest that we have exited the worst period of the crisis that began with the collapse of Lehman in 2008.
0ften, the most serious problem with sequels to a very successful first book (or even first film) is that the writer (or filmmaker) ends up trying too hard to better the original, without success.
We are close to reaching that point in the business cycle when the impossible trinity of macroeconomics is going to trouble a number of central banks, particularly RBI. Very simply, the impossible trinity means that a central bank cannot allow free capital inflows, keep a fixed exchange...
All too often the explanation for the current turmoil in Pakistan—in particular the threat of radical Islamists—is traced back to the events of 9/11. Unfortunately, that is far too simple a characterisation of Pakistan’s problems.
The Nobel Prize for Economics is, of course, primarily about honouring outstanding researchers and their contribution to the discipline. But very often circumstances of the real world—embedded in economics—influence the decision of who wins at what point in time.
Successful entrepreneurship is about a lot many things, but none perhaps more important than having an idea. Everything else—the money, the work, the toil—follows the idea.
Communist China turns 60 today, an occasion that will without doubt be celebrated by party loyalists across that country. Unsurprisingly, China rarely wins any accolades for its political system, at least in the free world.
Global multilateralism probably suffered its worst decade, the 2000s, since the spectacular failure of the League of Nations some eighty years earlier. The United Nations has steadily been reduced to a talk shop, aptly described as Hyde Park’s Speakers’ Corner by Muammar Qaddafi.
