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...

Despite numerous empirical studies examining various facets of the topic, the degree of intraregional financial integration in East Asia remains a matter of vigorous debate. This paper offers a selective survey of the recent empirical literature on financial integration, the focus being on...

While talk of a 'China-India axis complete with 2.4 billion people' is no doubt fanciful, the progress in relations over the seven years following the nuclear crisis of 1998 is claiming the close attention of observers of world poliitics. Above and beyod their potential economic synergy, the...

The status of public services is one of the most hotly debated issues surrounding the GATS. There are two approaches to distinguish such services from any other services: an institutional approach that focuses on the legal and institutional conditions governing supply (e.g. ownership status,...