Since most of us in India can talk about little else other than
corruption, do read
Nauro F. Campos and Ralitza Dimova on voxEU which is an interesting
meta-analysis about papers which analyse the impact of corruption on
growth. I have long heard about meta-analyses, but this one made me
sit up and notice.
Anand
Giridharadas in the New York Times on Arthur Bunder
Road in Bombay.
Roger Bate and Tom Woods, in The American, point to
new dimension in India's crisis of fake medicines.
I
I Sc will now use the IIT JEE as their entrance examination
for the new Bachelor in Science course. Given that the IIT JEE is
a well managed and difficult examination, it would make sense to
have more and more schools plugging into it in order to filter
their intake. But as you move away from the top .01% of the
distribution, the statistical precision of the score on a very
difficult exam as a measure of student capability tends to
decline. The managers of the IIT JEE will need to shift towards
adaptive
testing, where the questions are dynamically modified based on
student characteristics, in order to retain efficiency across the
distribution. Once this is done, the IIT JEE would be useful for
sifting through millions of students, and exert a beneficial
effect of all of them facing a more demanding high-stakes
examination.
Subramanian in the Financial Express on C. B. Bhave.
fascinating article by Nicolai Ourussoff in the New York
Times about the attempt to reinvent Saudi Arabia.
about Europe by Orhan Pamuk in the New York Review of
Books, and
tragic perspective on Istanbul by Claire Berlinski in City
Journal.
dystopian future for the world: a story of ageing and depopulation
from Amakusa in Japan.
Liu Xiaobo's
beautiful acceptance
speech for the Nobel Prize for Peace. A lot of countries of the
world, including India, have much to do in order to achieve freedom.
in Afghanistan by Damon Tabor.
Johnson in the Financial Times on the future of linking to
information sources on the web.
With 75% of world GDP in service, trade liberalisation in
agriculture or manufacturing is not that important. The really big
story is trade liberalisation in services, and there the picture is
quite bad. Read
voxEU by Bernard Hoekman and Aaditya Matoo on how to obtain progress.
Understanding
the rise in currency turnover by Michael R. King and Dagfinn Rime on voxEU.
Anders Aslund, on Project Syndicate, on the
remarkable story of the global crisis as it played out in East
Europe. Also
see this
story in The Economist on the same subject, which is a
bit less optimistic. The recovery in East Europe matters for
recovery in Europe and elsewhere. It also illuminates our thinking
on some of the grand policy questions.
Alexander points out how Australia is the role model for the world.
Eichengreen,
Patnaik on the resolution of Europe's problems.
Friedman in GQ on the strange world of social networking.
0 comments:
Post a Comment