One of the big impediments to India's integration into the world
economy is xenophobic visa rules. There is some progress in the
pipeline: visa
on arrival has been working from Jan 2010 onwards for visitors
from Finland, Japan, Luxembourg, New Zealand and Singapore. A nice
touch here is that India did not get stuck on issues of reciprocity;
this is unilateral liberalisation.
Watch
this talk by
Steve Coll.
Mature treatments of the Niira Radia wiretaps
: Sail
Tripathi in
the Mint, Pratap
Bhanu Mehta in the Indian Express.
Anil
Padmanabhan in Mint on the question of corruption, and
Sevanti
Ninan on the media response to the tapes.
In
search of America's liberty and India's dharma by
Gurcharan Das in the Times of India.
A
rumination by Vikram Doctor, on the need to shift focus in
Bombay from the West to the East.
Sam
Geall on the problems of Chinese science. Some of these
problems are found in India also.
With corruption scandals galore, what India needs most is competent
and clean government. SEBI continues to soldier on:
see the
recent order on bond issues by Sahara. Or if you don't have
appetite for the full text, here is
a precis
by V. Umakanth. Everyone interested in Indian finance should read
a few orders of Bhave's SEBI every year: they give you fresh
insights into how the interplay between law and regulation
works.
Tamal
Bandyopadhyay in Mint with his sense about the extent
of corruption in Indian banking.
How do foreign
capital flows behave around elections, on voxEU by Emmanuel
Frot and Javier Santiso.
Currency
warriors should consider India
by Sebastian Mallaby
in the Financial Times.
A. K. Bhattacharya
writes in the Business Standard about fresh thinking on
Indian Railways from an unexpected source.
Huang
Yiping on voxEU has a story from China which is similar to
what we often see in India: the use of microeconomic tools to go
after macroeconomic problems.
the footsteps of Gandhi, Mandela and Havel, by Ma Jian, on
Project Syndicate.
hidden China by Christian Caryl in the New York Review of Books.
Good-bye
to Dubai by Joshua Hammer in the New York Review of Books.
Robert
Messenger looks back at Dien Bien Phu.
Richard
Boudreaux in the Wall Street Journal about Russia's
Parliament accepting Stalin's responsibility for the Katyn massacre.
Rogoff on the Euro.
A tale from the frontiers of public administration. The Australian
government has announced a
competition to forecast the behaviour of traffic on Sydney's M4
freeway. This illustrates three themes. The first is that of better
living through science: the attempt at using statistical analysis to
shape public administration. The second is the unique value of public
domain databases. The third is the importance of harnessing
brainpower out there in innovative ways: through openness of data
and through the competition.
Trailhead
by E. O. Wilson. As I read it, I was astonished at the way in which
knowledge gleaned from hundreds of research papers has been
stitched into a compelling story.
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