In the rapidly evolving tapestry of global economics, India stands out as a beacon of dynamic growth and potential. This first installment of our two-part series delves into the meteoric rise of India’s economy, marking its transition from a service-based to a manufacturing-led powerhouse and its pivotal role in reshaping the Asia-Pacific economic landscape. …
In the second installment of our series on the global economic slowdown, we turn our focus to emerging markets (EMs). Despite the significant headwinds posed by the current global economic climate, these nations are not just passively enduring but actively strategizing for resilience and growth. Let’s explore how these economies are adapting to the challenges …
In the intricate world of global economics, 2024 marks a year of significant challenges and profound realignments. As the World Bank forecasts the slowest half-decade of GDP growth in 30 years, nations worldwide, especially emerging markets, face a critical juncture. This first installment of our two-part series delves into the causes and implications of this …
In this final part of our series, we delve into the economic teachings of Kautilya and compare them with the ideas of Raghuram Rajan, Thomas Piketty, and Elinor Ostrom. This exploration aims to bridge ancient wisdom with contemporary economic thought, highlighting the timeless relevance of Kautilya’s insights. Kautilya: The Architect of Economic Strategy Kautilya’s “Arthashastra” …
Welcome back to our series where we compare the ancient economic wisdom of Kautilya with modern economic thinkers. In this second installment, we will examine how Kautilya’s teachings compare with the ideologies of Milton Friedman, Amartya Sen, and John Maynard Keynes. Kautilya: A Synthesis of Ethics and Economics Kautilya, the architect behind the Mauryan Empire’s …
In this three-part blog series, we will embark on a journey through time, comparing the ancient wisdom of Kautilya, an Indian philosopher, economist, and royal advisor, with contemporary economic thought. Today, we’ll explore how Kautilya’s teachings, primarily found in his treatise “Arthashastra,” align with or diverge from the ideologies of Joseph Stiglitz, Esther Duflo, and …
In the realm of modern economics, few names stir as much debate as Thomas Piketty. This French economist rose to prominence with his 2013 book, “Capital in the Twenty-First Century,” which delves into the intricate and contentious issue of wealth and income inequality. But who is Piketty, and why do his ideas matter? Piketty’s Central …
In the world of economics, dominated largely by theories of market failure and state intervention, Elinor Ostrom’s work stands out as a beacon of innovative thought. Ostrom, the first woman to win the Nobel Prize in Economic Sciences, challenged conventional wisdom by demonstrating how local property can be successfully managed by local communities without privatization …
In the intricate landscape of economics, few figures command the influence and intellectual prowess of Joseph E. Stiglitz. From his early academic pursuits to his later roles as a Nobel laureate and global policy advisor, Stiglitz has left an indelible mark on economic thought and policy. Early Intellectual Foundations Born in Gary, Indiana, in 1943, …
In the vast landscape of economics, few figures stand as prominently as Esther Duflo. Renowned for her pioneering work in the realm of development economics, Duflo has left an indelible mark on the field, reshaping the way we approach poverty alleviation and economic policy. Early Life and Academic Journey Born in Paris in 1972, Duflo’s …
