The Indian Economy Blog

Archive for February, 2009

Weekend Reading: 21 Feb, 2009

Sunday, February 22nd, 2009

China threat to Indian IT: a piece in the FT talking about how China may well pose a threat to India’s outsourcing industry, esp given the incentives given by the Chinese government The blogs that barked: How the blogosphere outed the Stanford fraud (in the US and in the Caribbean) before the SEC or mainstream [...]

Weekend Reading: 8 Feb, 2009

Wednesday, February 11th, 2009

Vivek Wadhwa’s latest column in Business Week,which says we shouldn’t blame H1-B workers for job losses, invites a (predictable) barrage of comments. Here’s an earlier IEB post on Wadhwa’s research — Don’t Try Kicking Sand In America’s Face. On another note, Sunita Narain’s at it again — after colas, now it’s edible oils. (HT: Amit [...]

Is Emerging Market Art An Alternative Investment Class?

Sunday, February 8th, 2009

FII to broker: Hold off on those INFY shares, get me a bunch of Hussains & Pynes nstead Two academics evaluate the returns of the art markets in India, Russia and China over the last decade, using a portfolio theory/ CAPM framework. Investors constantly hunt for alternative assets that might improve the risk-adjusted returns on [...]

Protectionism Is The Crack Cocaine Of Economics

Saturday, February 7th, 2009

Are we going to see a sequel to Smoot-Hawley? Richard Fisher, President & CEO of the Federal Reserve Bank of Dallas, tells it like it is. Commenting on C-Span about the “Buy America” provisions in the stimulus package: Protectionism is the crack cocaine of economics. It may provide a high. It’s addictive. And it leads [...]

A Lazy Argument

Thursday, February 5th, 2009

Tying defence expenditure to GDP is no substitute for policy making. India’s defence expenditure this year is pegged at less than 2 per cent of the GDP which is lower than India’s defence spending in 1962 — 2.1 per cent of the GDP. After the Chinese debacle, it jumped to 4.5 per cent in 1964. [...]

Weekend Reading: 31 Jan, 2009

Wednesday, February 4th, 2009

Some links from the FT’s weekend special on India – Ambitions dimmed but not abandoned: the lead piece, which seems more optimistic than I would have expected – Foreign policy: Craving greater influence: on India’s foreign policy, which offers nothing new for readers of the Acorn. Most readers of the FT don’t read the Acorn. [...]

A Global Corruption Map

Monday, February 2nd, 2009

An interesting map, published by Forbes, detailing corruption across the globe. It’s interesting how the bulk of the world is corrupt, and there is some level of correlation between overall wealth levels and corruption (the wealthy nations are less corrupt – Western Europe, Japan, Australia, North America). It sure as hell doesn’t seem to impact [...]

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