This article reviews the regulations and governance reforms carried out in India with respect to auditor and audit committee independence. In doing so it critically compares them with the regulations existing in the US. This is followed by a discussion of the existing research on the...

From the early 1990s, India embarked on easing capital controls. Liberalization emphasised openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the face of portfolio equity flows. In recent years, a massive increase in the value of foreign...

The structure and extent of interlocking directorates within Indian business groups is studied and analyses the performance effects of such interlocks. It finds that large groups tend to have more interlocks and more heterogeneous the group is, lesser are the interlocks. [IGIDR WP-2003-001].

The study tries to better understand three fields which seems to be essential with respect to the problem of a facilitated access to medicines : 1. the ambiguous position of intellectual property (IP) rights in the more general framework of human rights ; 2. the mechanism which enabled the...

China’s consumers are better understood when looked at as two distinct classes: urban consumers and rural consumers. The urban households are much richer than their rural counterparts and consume three times more.

The paper argues that if the Chinese economy had failed, mainstream economics would have described this as completely predictable, given the extent and nature of involvement of the Chinese state in the functioning of markets and the economy. The fact that China has succeeded therefore should...

Spot fire disputes have sparked across Asia, with the winds of nationalism spurring them on. If one flares up it could ignite a region. Escalating tensions should have mediators vigilant and with pails of water at the ready. With tensions escalating rapidly in Asia’s territorial disputes,...