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in the tradition of the Washington Consensus. There must be theoretical explanations as to why underdevelopment is … explain the lack of convergence. A first group of approaches focuses on the lack of sufficient productivity development (free … macroeconomic demand management). Countries can suffer from several of these factors, which can explain why development is only …
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The article is essentially a book-review of Professor Vijay Joshi's recent work, "India's Long Road: The Search for Prosperity". In this critical essay, I take a slightly revisionist approach when it comes to a "typical" book review. For example, the length of this article goes well-beyond the...
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