Kaushik Das points out the bias in import tariffs, focussing on the automobile sector.
The import duty on foreign vehicles still attracts a 103.39 percent duty, which is unheard of in any developed country.
The steel sector currently has an import duty of 5 percent, which was 45 percent just a decade ago. Despite the reduction, Indian [...]
If one were to look at the factors of production (land, labour, capital and enterprise) and look at the corresponding cases pending in Indian courts, one can have a very good understanding of the performance of the institutions arranged around these factors. It is no wonder that any task of economic reforms will have to [...]
The Indian government permits IIMs to set up overseas campuses
Japan fell through the cracks. Relations with Taiwan, in comparison, remain in India’s diplomatic blind spot. Though its wisdom is debatable, there is an argument against pursuing closer open political relations with Taiwan for fear of offending China. There is no reason, however, for neglecting greater economic intercourse with Taiwan, one of Asia’s top economies. [...]
“What’s good for General Motors is good for America” said the the auto-makers’ executives during its heyday, in the 1960s. Not necessarily true — then, and now.
However, is it possible that what’s good for India is good for the US?
Charles Wheelan, in his Naked Economist column on Yahoo, thinks so and cites [...]
Pakistan and Sri Lanka develop cold feet
It remained on the back burner since it was first mooted in 1995. And then suddenly two years ago, subcontinental summiteers announced that they too, like everyone else in the alphabet soup business, would form a free trade zone. And within two years. That is a blistering pace for [...]
A key factor that can make markets work better is integration of various sub-markets. And it doesn’t happen simply by constructing tarred roads (even that is needed) but by demolishing regulations. Roading is the technical part of integrating markets, the political and more onerous part is the regulatory part. But why integration? Because deregulated common [...]
Tim Harford writes in the New York Times:
The Group of 20, composed of developing countries like Argentina, Brazil, China and India, has been pushing hardest of all for an end to rich countries’ agricultural subsidies and tariffs. Paradoxically, some of the most vocal members of the group impose regulatory barriers that are just as crippling [...]
It is a rare occurrence when someone agrees with me, so I might as well record it when it happens. Ramnath and I have managed to agree that privatization is not the most important reform measure. We also managed to agree on which one it would be. We both say that product market liberalization is [...]
A visual treat for you, dear reader. The India - China comparison in pictures, courtesy Deutsche Bank
Hat tip: The World Bank Blog, which in turn got it from New Economist…
Sidebar: I sometimes wonder if this China-India comparison is a tad overdone. However, given that we’re talking about 2.3 billion people, or more [...]
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