A fresh wave of globalisation since the early 1990s has created both hope and despair. Failure of state has reaffirmed faith in market based institutions. Expansion in trade across national borders and opening the national markets to the world is recommended for speedy and sure economic growth....

This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...

The paper examines the urbanization pattern with context of India. The paper deals with various demographic aspects of urbanization. Also the paper focuses on characteristics and classes of cities, and poverty and slums. [Working Paper 141]. URL: [http://fgks.in/IndexServer/tifac/article/141.pdf]

India's has been a unique path of economic development—internally decided in a democratic framework, constantly debated between different ideologies and interest groups, and increasingly engaging with the world. The ultimate result is uniquely Indian. India has achieved a respectable...

The production of machine tools has long been associated with industrialisation besides a formidable factor of technical change and international competitiveness. This potent role of machine tool industry was amply recognised by several countries. As a consequence, they framed policies to...

Budget speech by finance minister of Karnataka

This paper aims at developing an explicit ‘vertical’ dimension to chronic poverty research that focuses on ‘adverse incorporation and social exclusion’ (AISE). an effort is made here to sensitise literatures that are almost exclusively concerned with...