There is a growing recognition that global warming is a problem, but little attention has been paid to the likely impact at the country level, especially in the developing world. The stakes for world agriculture, with special attention to China, India, Brazil, and the poor countries of the...

An East Asian community(EAC) is an idea now being seriously pursued in spite of significant challenges. Proliferating bilateral deals in Asia could emerge as building blocks towards the EAC, provided they are comprehensive, ROOs simple and are in the EPA mould. Attention needs to be given to...

To analyse the role of partisan beliefs and interests, this paper focuses on two industries—telecoms and electricity—which have been subject to strong pressures for policy diffusion and thereby are unlikely candidates for showing traces of partisanship. In the implementation of...

Taking into account the latest data of exports of textiles and clothing to the European Union from South Asia and China, a year-end assessment of the impact of the Generalised System of Preferences (GSP) introduced by the EU in January last. Despite loss of GSP benefit on textiles, Indian...

Policy makers are particularly concerned about the extent and speed of exchange rate pass-through into domestic prices. However, in recent times there seems to be a growing degree of disconnect between exchange rate changes and domestic consumer prices in general, or, for that matter, even into...

The September 2007 annual summit of APEC to be hosted by Australia will witness the ending of the decade long moratorium on membership. A major anomaly of the APEC is that while the three largest economies in the world in terms of PPP GDP are members (US, China and Japan), the fourth largest...

Sovereign Wealth Funds (SWFs) will be an integral and significant part of global financial and capital markets even in the medium term. It is important for India to put in place domestic safeguards against the investments by the SWF in order to retain technological and policy autonomy, and...

The paper reviews the experience of select countries - both advanced and emerging markets - in regard to capital account liberalisation (CAL). The advanced countries' experience with regard to CAL is analysed with special focus on the sequencing of CAL. The move towards CAL by many of the...

Now that the nuclear deal has been struck, there is a real danger of India now settling comfortably into a de facto NWS status within a welcoming international non-proliferation architecture. This will only mean acquiescence with an iniquitous nuclear apartheid system in which India is granted...

This paper investigates the relationship between capital account openness and inflation since the 1980s. It argues that widespread capital account liberalization during the last two decades appears to have contributed to the worldwide disinflation observed during the same period. The paper...