We live in intriguing times. High rates of growth keep company with high fiscal deficits and low inflation.
Inflation has traditionally been seen either in terms of supply-demand imbalances, or as a monetary phenomenon, and largely in terms…
It is intriguing how the least productive sector of the economy can sustain economic activity funded by credit more than…
While Asia saw inflation drop from 9.7% to 3.1%, the decline in putatively hyperinflationary developing economies in the western hemisphere…
Global wheat and corn prices have doubled over the last two years. Stocks are at historic lows despite good harvests.…
Will the services sector be India?s engine of growth propelling its transition to modernity? In sharp contrast to China, much…
Back when capital flows to developing countries were modest, market-determined exchange rates could be used as an effective policy instrument…
Employment in the more productive organised sector has remained unchanged at 26 million between 1990 and 2005
While the current turmoil in international financial markets has multiple roots, it can perhaps be traced to the global glut…
Mercantilism, or the belief that the strength of nations hinged on accumulating gold through persistent trade surpluses, was the prevailing…
Globalisation is challenging the received economic wisdom in several ways. Consider the case of aluminium. Commodity prices have long been…
