Penn Calendar Penn A-Z School of Arts and Sciences University of Pennsylvania


The Illusions of Infrastructure Policy

Partha Mukhopadhyay
Sunday, March 22, 2009

Given the consensus that infrastructure is a key constraint for economic growth, one would expect infrastructure policy to receive a lot of attention. However, over the last five years, the record has little to show. Not only has this government continued some of the misplaced policies of its predecessor, almost all its interventions have contributed to worsening the situation.

Made-in-India Multinationals

Ravi Ramamurti
Thursday, October 9, 2008

The internationalization of Indian firms may seem like the logical extension of an historical trend that began in Europe after the industrial revolution, spread to America in the 19th and 20th centuries, and then took hold in countries like Japan and South Korea. That India would spawn multinationals once it embraced globalization may therefore seem unsurprising, even inevitable.

But there was nothing inevitable about the rise of made-in-India multinationals.

Changing Face of Indian Energy System: A March towards Normalcy

Varun Rai
Sunday, September 28, 2008

Much has been said about the fallacies in India’s energy policy-a lack of coherent planning, endemic ills of cross-subsidies, inefficiencies of state-owned companies, and so on-to argue the impossibility of India’s ability to meet the energy demands of a growing economy. Although true in past, this argument is weakening. Amidst excessive criticism of every single government action, the real, but subtle, face of Indian energy policy has not attracted mass attention yet. And understandably so:

Falling Through the Cracks: India's Failing Infrastructure Policy

Partha Mukhopadhyay
Sunday, May 18, 2008

The primary purpose of physical infrastructure, even by a narrow economic viewpoint, is to support economic activity, while that of social infrastructure, such as education and healthcare, is to build and maintain human capital. Sadly, the infrastructure policy of the Indian government, both past and present, seems to be concerned with reducing fiscal costs, to the detriment of those two core objectives.

India and Global Economic Policy Making

Arvind Subramanian
Monday, September 3, 2007

Lord Meghnad Desai put a dampener on India's global aspirations when he recently prophesied that "China will be a great power, but India will just be a great democracy." Indians will chafe at this prognostication. But one key question is this: suppose, as Indians will no doubt hope, that the future is unkind to the Desai prophecy. How then should India prepare itself for being an important and influential player in current and new global economic policies and institutions?