The paper reviews the cost and benefits of globalization (i.e. greater integration of national and global economies) from the perspective of India. It argues that India’s hesitant and reluctant globalization had a significant cost in terms of forgone growth, delay in the eradication of...

This paper pays tribute to Professor Suresh Tendulkar’s contribution and scholarship to economics, economic-policy making, and economic reforms in India. The paper’s scope is by no means exhaustive, and primarily focuses on his contributions on economic planning in India, the political...

Application of some new results in industrial organisation to trade theory have provided a better explanation of some stylized facts by being able to recognise features such as increasing returns to scale and non-competitive market structure. Another kind of such applications have generated...