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

GrowthSubscribe to Growth

Global Business and Political Governance

A brief look at critical turning-points that have marked qualitative transformations in the nexus between the polity and business. What is most noticeable is the pendulum-like movement of the status and influence of business from the periphery to the centre in the power structure. Each swing of the pendulum originates in the dysfunction of whatever organisational thrust happened to be dominant at the beginning of the swing. Surely, the present swing towards global business will generate some countervailing tendencies which will change the momentum of the process, as also its specific nature. In the process the opportunities for expansion available to the developing nations will diminish in one area, and increase perhaps in others.

What Ails Kerala's Economy:A Sectoral Exploration

The `Kerala model' of development has been facing a serious crisis due to low growth, high cost, low productivity, low investment and low employment in the state economy. This paper analyses the performance of major sectors of the state economy, such as agriculture, industry and the financial sector, during the past two decades and brings out the problems they confront. The paper highlights the lack of a development strategy in Kerala for growth and employment generation.

Environmental Compliance versus Growth

Stringent regulations to control pollution due to effluents have not stifled the growth of the palm oil industry in Malaysia; rather, they have complemented the industry's efforts to innovate and remain competitive.

Indian Software Industry Development

Export-led growth has been the mainstay of the spectacular performance of the Indian software industry. However, continued growth at the blistering pace set in the 1990s faces significant challenges in the form of growing scarcity of talent, rising wage costs and emerging competition. Besides, the recent slowdown in the US has lowered growth estimates for the infotech industry. The Indian software industry cannot afford to be complacent if it wants to maintain its position as a premier purveyor of software services. The industry will need to consolidate its strengths and move up the value chain if it is to maintain its head start on the competition. Most importantly, it will have to invest substantially in R and D and create linkages to encourage career prospects for researchers in engineering.

McKinsey's Plan for Russia

Well researched and penetrating though it is, the report on Russia prepared by McKinsey, the renowned consultants, is no more than a wish-list of foreign investors in Russia, actual and potential. Far from unlocking the forces of growth, the report's recommendations would lead to further underdevelopment and the enormous talents of the Russian people would be effectively bottled up for long years.

How to Wire Rural India

Digital development affords a new perspective from which to imagine the future directions of India's political economy. Rather than remaining locked in the paradigm of an eternally developing it now seems possible to aspire to becoming acknowledge society. This article critically examines the problems and possibilities of digital development in order to reveal the larger impact that information and communication technologies could have on rural economies and societies.

The Ecstasy and the Agony

The budget's strategy for stepping up growth in the near term rests on certain key premises: (i) fiscal consolidation is under way; (ii) fiscal consolidation and reduction in administered interest rates will lead to lower lending rates; and (iii) lower interest rates, along with continued deregulation, will make for higher investment and growth. Each of these premises needs to be carefully examined.

Pages

Back to Top