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India today is a vibrant free-market democracy, a nation well on its way to overcoming decades of widespread poverty. The nation’s rise is one of the great international stories of the late twentieth century, and in India Unbound the acclaimed columnist Gurcharan Das offers a sweeping economic history of India from independence to the new millennium. Das shows how India’s policies after 1947 condemned the nation to a hobbled economy until 1991, when the government instituted sweeping reforms that paved the way for extraordinary growth. Das traces these developments and tells the stories of the major players from Nehru through today. As the former CEO of Proctor & Gamble India, Das offers a unique insider’s perspective and he deftly interweaves memoir with history, creating a book that is at once vigorously analytical and vividly written. Impassioned, erudite, and eminently readable, India Unbound is a must for anyone interested in the global economy and its future.
Lucid account of the process of constructing and evaluating an empirical model.
Water sustenance and management are central development challenges facing Pakistan today. This report argues for dramatic changes in policy and approach to enable Pakistan to maintain and build new infrastructure, besides securing the water required for future generations. Focusing on two basic issuesthe countrys major water-related challenges, and ways of addressing themthe report calls for reinvigorated public water policies and institutions to sustain water development and management in the future by: Exploring the evolution of water management in Pakistan Describing past achievements and their relevance in the current context Analyzing existing challenges Suggesting ways of evolving a sustainable water management system The report draws heavily on a set of companion reports by Pakistan water experts and policy analysts. These reports are presented in the accompanying CD and provide in-depth analyses of: The interface between water and agriculture, energy, environment, growth, and poverty Drinking water, sanitation, drainage and salinity, flood, dams, groundwater, and water balance management Water-related rights and entitlements, reforms, and resources and institutions
Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.