This paper reviews India’s experience to understand how services sector liberalisation can generate (welfare) gains for developing countries, in particular vis-à-vis its employment generation potential. The analysis has been based on India’s experience of an increasingly open service sector...

Hans Wolfgang Singer, development economist, died on February 26 2006. Singer's best known work relates to the declining terms of trade experienced by developing countries. First published in 1949, it tracked the long-term decline in terms of trade between developing and developed countries and...

Tignor’s book attempts to give us the measure of the man in his professional life, with enough insight into personal development to help in this task. Lewis comes across as a man of brilliant insight and clear thinking, a man of principle and integrity, but a man of deeply personal...

This essay examines the evolution of thinking on development and development policy, with a special focus on economic issues, in the last fifty years. In particular, it explores the interaction between ideology and experience in determining the course of economic thinking and policy on...

The present paper aims at driving home a hitherto-neglected and perhaps often muted (but important) point, namely, that the confusions and identity crisis that had gripped development economics in the 1980s. This was mainly due to its perennial vulnerability, unlike other branches of economics,...

Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release].