The Feldman-Mahalanobis model has played a very important role in shaping the industrialisation strategies of China and India and, of course, earlier the Soviet Union. An unstated, but crucial assumption in this model is that there exists a sufficiently large surplus of wage goods in the...

In order to share some of these innovative experiments with wider range of development professionals, NIRD has prepared a status report on convergence initiatives. [NIRD].

The episode of fiscal crisis in the Euro zone has now become a recurrent theme of debate and has attracted a range of experiences regarding the nature of fiscal turmoil, its causes and effects, which vary widely across individual countries. The confidence in the European monetary system has been...