Even economists need to study the POLITICAL and social realities of a region before offering an "analysis" and/or predictions regarding its socioeconomic future. Ancient cultures with complicated social systems in over-populated regions respond well to top-down economic reforms in dictatorships but aren't we supposed to all be cheering for the "democratization" of emerging economies? Or are we just disappointed that the Ghandis and their cronies aren't tough enough. Maybe they need to take a few lessons from the House of Assad or study the tactics used in Bahrein? In any case it's clear that it's necessary to read Aruhundhati Roy as well as K.Rogoff in order to understand what's at play in India and what its future might be.
What’s Troubling India?
Even economists need to study the POLITICAL and social realities of a region before offering an "analysis" and/or predictions regarding its socioeconomic future. Ancient cultures with complicated social systems in over-populated regions respond well to top-down economic reforms in dictatorships but aren't we supposed to all be cheering for the "democratization" of emerging economies? Or are we just disappointed that the Ghandis and their cronies aren't tough enough. Maybe they need to take a few lessons from the House of Assad or study the tactics used in Bahrein? In any case it's clear that it's necessary to read Aruhundhati Roy as well as K.Rogoff in order to understand what's at play in India and what its future might be.