-The Hindu The political emphasis on welfare interventions is insufficient to address the emerging developmental issues in the State A major concern in contemporary Indian development is the widening socio-economic disparity across groups and regions. Even when regions perform relatively better in one developmental dimension, it does not often translate into all round development. For instance, Himachal Pradesh and Kerala might have attained better levels of human development but that has not...
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In Amartya Sen vs Jagdish Bhagwati debate, was Sen right after all? -Manas Chakravarty
-Moneycontrol.com The COVID-19 pandemic brings a new perspective to the Sen vs Bhagwati 2014 debate. Just before the general elections in 2014, a rather unlikely fight erupted in the pink papers. In the Left corner, wearing what some people said were bright red shorts, was Nobel Laureate and economist Amartya Sen. In the Right corner, wearing true blue shorts, was eminent trade economist Jagdish Bhagwati. The dispute was whether social welfare and health...
More »Jean Dreze -- development economist -- interviewed by Jipson John and Jitheesh PM (Frontline.in)
-Frontline.inJean Dreze is a well-known Indian economist working in the field of "development economics". Born in Belgium, he studied mathematical economics at the University of Essex and completed his PhD from the Indian Statistical Institute (New Delhi) in 1982.He has taught at the London School of Economics and the Delhi School of Economics and is currently visiting professor at Ranchi University as well as honorary professor at the Delhi School...
More »Demonetisation has hit employment hard -Ajit Karnik
-Livemint.com The recent decline in the labour force participation rate should be a matter of deep concern for the Indian economy It has been a year since Prime Minister Narendra Modi surprised the country with the demonetisation announcement. Numerous commentators had criticized the move at the time for a variety of reasons, the most prominent among these being: (a) demonetisation was the wrong instrument for the intended objective of eliminating black money...
More »In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman
-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
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