Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to describe long-term stagnation and deflation. Symptoms include...

Chapter 1: Introduction -- Chapter 2: The making of British India -- Chapter 3: The business of the cities -- Chapter 4: Unyielding land -- Chapter 5: A poor state -- Chapter 6: End of famine -- Chapter 7: A different story? The princely states -- Chapter 8: Conclusion

In the third quarter of 2020, the global economy rebounded strongly from the steep fall in output suffered in the first half of the year amid the covid-19 pandemic. Currently, the recovery is being slowed down by another wave of infections and policy measures to contain it, but on aggregate...