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Every firm in a developed economy relies on the mere existence of countless other firms to keep prices competitive up and down all supply chains. Without this network externality, no firm forms; and without many firms, no network forms; locking in a low-income trap. Business group governance...
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in various other places in India and the US, he has taught at the Indian Institute of Management Calcutta and Presidency …Capitalism, Crisis and the Common Man -- Distress in India’s Banking Sector -- Heterogeneity, Persistence and Time … political economy to economics to political economy -- Being out of work: An analysis of unemployment and its duration in India …
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Corporate governance matters for national development. Studies of Brazil, Chile, India, and South Africa show that …
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