Two striking stories in India's crisis of
governance: Sadanand
Dhume in the Wall Street Journal on the Commonwealth
Games,
and Nilanjana
S. Roy in the New York Times on the personal safety of women.
The deep determinants of the problems of India's economy lie in the
political system, and the deep determinants of the problems of
Indian politics lie in the way elections work. One of the many
blunders of our Constitution was the use of first-past-the-post in
elections. See Anthony
Gottlieb in the New Yorker magazine.
Ila Patnaik has four recent
pieces: Capital
controls and unhedged currency exposure on the
new India Policy Forum
website; The
Mauritius code (in the Indian Express) on a fresh
approach to thinking about the Mauritius
treaty; concerns
about inflation in the Financial Express and a piece
on inflation
targeting aimed at the white paper readership of
the Indian Express.
A while ago, paypal had figured in my list of things that
were banned
in India. They have announced a workaround : for payments made
to customers in India, they will use snailmail
and send
out a cheque. And so the 20th century payments innovation will
be reduced to a 19th century solution.
The
frontiers of Nifty, by Ashish Rukhaiyar in the Business Standard.
Mahesh
Vyas in Financial Express about criticism of SEBI.
Devika
Banerji in the Business Standard about the changing
world of the economics think tanks.
Bibek
Debroy in the Financial Express on the rupee's new symbol.
Didi
Kirsten Tatlow on the struggle to remember, in China. Also
see America
and China in 2020 by Ian Bremmer.
Jayanth
Varma has a chapter in a Robert Kolb book.
I wrote a comment on the `Economics | by invitation' system run
by The Economist, on their
question: What
will it take to convince emerging markets to halt reserve
growth?.
Dream-logic,
the Internet and artificial thought by David Gelernter,
on Edge.
Protests
have broken out in France against the government's ban on the `burkha'.
A while
ago, I
had argued that world food price vol had risen and would rise
further. It looks like the evidence is in favour of that
proposition. See: What
explains the rise in food price volatility? by Shaun
K. Roache.
A great
piece in
the Economist about Europe's future.
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