Category Archives: Economic Reforms

China’s Northeast Revival Key Test of Supply-Side Reform; By Shastri Ramachandaran

CAS article no. 0011/2017 Courtesy: China.org.cn  China’s northeast, home to the old industrial bases for long, is on the brink of a major economic transformation. The once robust industrialized region which, over the decades, has declined to a “rust belt” is now being revived anew. And, the rejuvenation is making rapid strides as scripted in the plan for revitalization of these industrial bases. A policy document released on April 26,… Read Article →

Twenty Five Years of Economic Reforms; By K. Subramanian

CAS article no. 0127/2016 Courtesy: Chennai Centre for China Studies It is better to study the progress of economic reforms more as a study in political economy than as one on economics per se. Policymakers world over have given up their attachment to abstract theories. They are keener to examine the acceptability of prescriptions to various sections of the society, the embedded institutional structures and, more importantly, the class composition…. Read Article →

Book Review: To Market, To Market; By K. Subramanian

CAS article no:  0041/2015 Courtesy: The Hindu The Making of Miracles in Indian States; ed Arvind Panagariya & M. Govinda Rao, OUP, Rs.595. At a time when even the World Bank is advocating inclusive growth, this book oddly extols the market in its analysis of three Indian states.  In 1993, the World Bank brought out a report titled The East Asian Miracle,which excited global opinion. Very soon, economists faulted the… Read Article →