Tuesday, August 17, 2004
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India's crisis of governance
Gurcharan Das has a Financial Times op-ed (subsciption only) that points out the biggest constraint India faces in its economic development: its own government:
Another Financial Times article by Edward Luce and Ray Marcelo highlights that these difficulties create macroeconomic as well as microeconomic difficulties:
At the state level, the Economist has an interesting story on the lack of accountability in Gujarat following the 2002 pogroms against the Muslim minority, and its aftereffects. And in Bangalore, poor infrastructure is causing leading IT firms to consider relocation.posted by Dan on 08.17.04 at 11:55 AM
More ginormous hyrdoelectric projects!!!!
That will solve everything.posted by: praktike on 08.17.04 at 11:55 AM [permalink]
Bring back license raj. That'll really bring the IT industry to its knee.posted by: BigFire on 08.17.04 at 11:55 AM [permalink]
The most hopeful sign of an Indian economic revival is that in the dowry market, young Indian men in IT or in business command greater premiums than those who into the Indian Civil Service (IAS) :-)
My friend Sunil has talked a lot about the challenges facing India. The biggest problem is government corruption. It seems to almost defy solution, as it is so widespread.
The other big problem is an underclass that is envious of middle class success, and threw out the BJP, hoping to get more largess from Congress.
The underclass wants to be supported without work.
In some ways, we can be greatful for India's problems, because they would run over us, roughshod, if they could figure out how to solve them. My friend, Sunil, who is a US Citizen, would like to see us put up trade barriers, to protect our IT business (that is the field he and I are in).
Jim Benderposted by: Jim Bender on 08.17.04 at 11:55 AM [permalink]
I have a question about this. Overly bureaucratic regimes are the kiss of death, but I hear a lot about shear corruption as the main drag on business. If each regulator has to get his own bribe before you move forward, then of course things are going to be bad.
My question is: how do countries make the shift from corruption as a daily occurance to corruption as undercover and often discovered? Are there examples of truly corrupt civil services decorrupting themselves of being decorrupted? How?
We know from our own history in the US that corruption used to be incredibly common (robber barons, etc.). How did that change? When?posted by: Brennan Griffin on 08.17.04 at 11:55 AM [permalink]
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