Results by "Arvind Panagariya" in All categories

At Independence, Pandit Jawaharlal Nehru, India’s first prime minister, embarked upon a political and an economic project. His political project―to put India on the democratic path―was a resounding success.This success, though, was marred by an equally resounding failure of Nehru’s...

The rise of Narendra Modi is a watershed moment in Indian politics. In fact, such is the magnitude of his influence on the country that India’s governance paradigm and political history can be easily divided into two distinct eras—pre-Modi and post-Modi. In 2021, Modi completed 20 continuous years as the head of a government. This book, a compilation of chapters authored by eminent intellectuals and domain experts, attempts a definitive and expansive exploration into the fundamental transformation of Gujarat and India over the last 20 years due to Modi’s unique model of governance.

Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions.