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Sadly, this achievement is more fragile than it looks. Many things restrain India's economy, from a government that depends on Communist support to the caste system, power cuts and rigid labour laws. But an enduring constraint is even more awkward: a state that makes a big claim on a poor country's resources but then uses them badly. India's 10 million-strong civil service is the size of a small country, and its unreformed public sector is a huge barrier to two things a growing population needs. The first is a faster rate of sustainable growth: the government's debts and its infrastructure failings set a lower-than-necessary speed limit for the economy. The second is to spread the fruits of a growing economy to India's poor. Like his prime minister, Manmohan Singh, Chidambaram is by ins...
'The tiger is under grave threat," India's finance minister, Palaniappan Chidambaram, intoned at one point in his budget speech on Feb. 29. He was referring to the stripy animals that prowl the country in declining numbers. But India's tigerish economy, which has grown by nine per cent a year on average over the past three years, is itself under threat. India's 10 million-strong civil service is the size of a small country, and its unreformed public sector is a huge barrier to two things a growing population needs. The first is a faster rate of sustainable growth: The government's debts and its infrastructure failings set a lower-than-necessary speed limit for the economy. The second is to spread the fruits of a growing economy to India's poor. Like his prime minister, Manmohan Singh, C...
... the energy needs of its fast-growing economy and reduce the dependence on pollution-creating hy...
Free-marketeers should not be counting their opportunities too soon, however. The international financial crisis has left Indians less enamoured of the free-market system than they might be. Equally importantly, however, much of the increase in the Congress vote resulted from Mr. [Singh]'s giving aid and debt relief to India's poorest people, a hugely expensive program that is likely to cause India's fiscal deficit to double this year over last. Mr. Singh remains committed to it and one of the parties on whose support he now relies represents that constituency of "Untouchables." India may remain a semi-controlled economy.
Drawing upon existing literature, this paper briefly discusses aspects of conspicuous consumption. Analysis of the construct has been done in the perspective of changing capitalist structure and dominating socio-philosophical ideologies, especially postmodernism. Effort has been made to extend the original concept and propose necessary refinement and integration of relevant concepts to enable a meaningful, holistic, and contemporary interpretation of the said construct. This paper examines different aspects of consumer behavior, helps to generate some important directions for future research in the field, and also discusses these issues in the context of the transitional socio-economic background of India.
... that, with the integration of the Indian economy with the global one, a contemporary form of consum...
What exactly that means isn't entirely clear, because the G-20 did not in Pittsburgh specifically chart a course to prosperity. What they did that matters is to recognize the world's economy can't be co-ordinated without the participation of nations such as Brazil, India and China, or without an eye for the new tigers that are coming up behind them.
... sector was the cornerstone of a strong economy. Today, emerging markets like China and India are ...
A key goal of the conference will be to draw in a skeptical United States, now the sole industrial power that has refused to ratify the Kyoto Protocol, citing fears it would hurt the U.S. economy because cuts aren't required of rising economies like those in China and India. The Americans were forced to repeatedly defend their refusal to embrace emission caps after Australia's new prime minister signed papers Monday to ratify the 1997 Kyoto agreement, reversing the decision of his country's previous, conservative government.
This paper starts with a brief description of recent Russian economic and political developments and identifies the poor institutional capacity of the state as the major obstacle to growth. Then cross-country regressions are used to provide evidence for two arguments. First, the single most important factor limiting the inflow of FDI to Russia seems to be the inefficiency of the government - its inability to enforce rules and regulations. It is not the lack of the rule of law, or high level of corruption, or insufficient democratization, or low degree of economic freedom. Second, given the poor government effectiveness, the benefits of FDI are quite weak and may be outweighed by cost (repatriation of profits, but no transfer of technology).
... of its output in 1989-1998, the Russian economy started to grow in 1999 (six percent in 1999, ten ... 48th in the same 54-country list, between India and Venezuela. Another good measurement of the ins...
It might seem obvious in 2007 that voting rights shouldn't be restricted by religion, gender, caste, literacy or landowning status. But in 1947, women in the U.S. had barely had the franchise for a quarter century. It would be nearly another two decades before the Voting Rights Act of 1965 reaffirmed the right to vote for African-Americans, who had been effectively disenfranchised in much of the country. And the U.S. wouldn't catch up to India's model of universal suffrage for every citizen 18 or older until 1970. The strongest argument for the strength of India's democracy can be found right next door. Pakistan, India's northern neighbour, has only twice in its 60-year history enjoyed peaceful and democratic transition in government. Military coups and martial law have been all too fam...
... termed "Hindu rate of growth," its economy expanding at just 3.2 per cent a year. More lingui...
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