ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Hidden Balance of Payments-Capital Flight and Trade Misinvoicing in India, 1971-1986

Capital Flight and Trade Misinvoicing in India, 1971-1986 Meenakshi Rishi James K Boyce An examination of availably data for the period 1971 to 1986 indicates that India's official balance-ofpayments accounts do not record a number of hidden foreign exchange flows between India and the world economy. The authors estimates indicate that total capital flight in this sixteen-year period amounted to $ 21.1 billion in 1986 dollars, and that the cumulative stock of flight capital with imputed interest earnings amounts to $ 28.6 billion These are equivalent, respectively, to 52 per cent and 71 per cent of the external debt accumulated during the same period.

Third World Debt Moral and Other Hazards

Other Hazards James K Boyce WITH the announcement in August of the latest Philippine debt agreement, the second under the Bush administration's so-called Brady Plan, it has become clear that the central thrust of the US strategy for third world debt is the provision of new money from commercial and official creditors.

Technological and Institutional Alternatives-in Asian Rice Irrigation

in Asian Rice Irrigation James K Boyce Irrigation plays a central role in increasing land productivity in Asian rice agriculture, but the pace and character of irrigation development in the region have varied greatly. This essay reviews five sets of determinants of these variations: population pressure, geography, agrarian structure, cultural factors, and the role of the state.

Agricultural Growth in Bangladesh, 1949-50 to 1980-81-A Review of the Evidence

 A Review of the Evidence James K Boyce A review of the evidence on Bangladesh's agricultural growth from 1949-50 to 1980-81 suggests that official statistics have understated both the level and growth of agricultural output in recent years. Recent 'objective' crop acreage estimates, and land use analysis based upon aerial photography, indicate that as much as one million acres of crop land may be missing from the country's official agricultural statistics. Current annual rice output may be underestimated by 400,000 metric tonnes or more. Whereas agricultural output growth rates estimated from official data indicate a decline from, 2.15 per cent per annum in the period 1949-64 to 1.52 per cent in the period 1965-80, the revised series reveals an opposite movement: output growth rose from an estimated 127 per cent in the earlier period to 2.18 per cent in the latter Such output underestimation does not, however, imply that the magnitude of hunger in Bangaldesh is any less severe than reported in past studies. Rather, the present study suggests that widespread malnutrition, incidence of which is determined in large part by the distribution of income and hence of food, has occurred within a context of higher national agricultural output than is recorded in the official figures.

Agricultural Growth in West Bengal, 1949-50 to 1980-81-A Review of the Evidence

 A Review of the Evidence James K Boyce There are strong grounds for believing that West Bengals official crop production data are rela- tively accurdte by national and international standards. Estimates of acreage and yield per acre of individual crops are prepared on the basis of extensive sample surveys and crop cuts, using the scientific sampling methodology pioneered at the Indian Statistical Institute in the 1940s. Compared to those of other states, the official data for West Bengal are relatively close to the independent acreage and yield estimates prepared by the National Sample Survey Organisation from 1957 to 1969.

Winners and Losers Peasant Mobility in Bangladesh

Winners and Losers: Peasant Mobility in Bangladesh James K Boyce Peasant Mobility : The Odds of Life in Rural Bangladesh by Willem van Schendel. Assen : Van Gorcum, 1981; pp 371. Distributed,in India by Munshiram Manoharlal Publishers, PO Box 5715, 54 Jhansi Road, New Delhi-55.
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