Economic Development in Paris

The Paris Region Economic Development Agency (PREDA) has been promoting economic growth and entreprenurship in the capital of France for over a decade by helping to create and retain jobs in the Paris region, making the area more attractive to businesses, and helping businesses adjust to a constantly changing economic environment.  Their . . . → Read More: Economic Development in Paris

Entrepreneurs and Democracy

This column in the March 7, 2011 edition of The New Yorker has an interesting perspective on economic development – particularly in the Middle East. In the language of my University Seminar class, here’s the claim presented by James Surowiecki

The autocracies of the Arab world have been as economically destructive as they’ve been . . . → Read More: Entrepreneurs and Democracy

Foreign aid and development economics

The aim of main research agenda of development economics in the last century was to provide an evolving approach to curing the persistence of poverty and underdevelopment in world’s least developed and developing countries. High economic growth in developing countries in the last decades has changed many developing nations into middle-income countries. For instance, . . . → Read More: Foreign Aid and Development Economics

Appropriate Regulatory Structure for Development

A. D. Shroff Annual Public Lecture, by C. B. Bhave.

It is a great honour to be invited to deliver the A. D. Shroff Annual Public Lecture. Mr. A. D. Shroff was an outstanding financial thinker and a practioner who took great interest in organisational and ideological issues. He was known to express his . . . → Read More: Appropriate Regulatory Structure for Development

Does Wagner’s Law Make Sense?

Wagner’s law refers to the proposition of Adolph Wagner (1893) that there is a positive relationship between the level of economic development and the size of government. The underlying idea seems to have been that the demand for services provided by government tends to rise strongly as average incomes rise.

I think Wagner’s law . . . → Read More: Does Wagner’s Law Make Sense?

Poverty, Income Inequality and Economic Development

Financial Times reports (link) on the new measure of poverty proposed by economists from Oxford University. The authors suggested the modification of current measure of poverty which, defined by the World Bank in annually published World Development Report, is currently set at the threshold of $1.25 per day or less. The new measure proposed . . . → Read More: Poverty, Income Inequality and Economic Development

Interesting Readings for June 3, 2010

C. Raja Mohan in The American Interest on India’s strategic directions.

A Reuters report on how Pakistanis are responding to the global backlash against Pakistan.

Writing in the Wall Street Journal, Matt Ridley has some great insights into economic development.

M. K. Venu on corruption in Indian telecom.

Sanjeev Sanyal in the Business Standard . . . → Read More: Interesting Readings for June 3, 2010

Exploitation of Farmers: We Are All at Fault

Economics sometimes leads to great injustice and cruel realities. However, sometimes the way man is by his very nature leads to even greater ones. Our economy is growing at a tremendous rate. In India, the growth rate is 9%. Intuitively, this means that the output of the country is increasing by 9% every . . . → Read More: Exploitation of Farmers: We Are All at Fault