Isbn: 9780691263632 - breaking the mold: india’s untraveled path to prosperity (6 Ergebnisse)

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  • Sprache: Englisch

    Verlag: Princeton University Press, 2024

    0691263639 / 9780691263632

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  • Sprache: Englisch

    Verlag: Princeton University Press, 2024

    0691263639 / 9780691263632

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  • Sprache: Englisch

    Verlag: Princeton University Press, Princeton, 2024

    0691263639 / 9780691263632

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    Trade paperback. Zustand: Very good. Uncorrected Proof. xxxi, [1], 298, [10] pages. Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. He served as the Chief Economist of the International Monetary Fund from 2003 to 2006 and the 23rd Governor of the Reserve Bank of India from 2013 to 2016. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements. At the 2005 Federal Reserve annual Jackson Hole conference, three years before the 2008 financial crisis, Rajan warned about the growing risks in the financial system, that a financial crisis could be in the offing, and proposed policies that would reduce such risks. After the 2008 financial crisis, Rajan's views came to be seen as prescient. In 2003, Rajan received the inaugural Fischer Black Prize, given every two years by the American Finance Association to the financial economist younger than 40 who has made the most significant contribution to the theory and practice of finance. His book, Fault Lines: How Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman Sachs Business Book of the Year award in 2010. In 2016, he was named by Time in its list of the '100 Most Influential People in the World'. Rohit Lamba is an economist at Cornell University. He is an economic theorist with wide interests in applied and policy related questions. Derived from a Kirkus review: Two Indian American academics offer a stern assessment of the Indian economy, education system, and other institutions and why they have not risen to their full capabilities to propel the country forward. Rajan and Lamba, both of whom worked on economic issues within the Indian government, give a forthright accounting of the nation's many faults and enormous unused potentiali.e., human capital. In three well-structured parts, the authors lay out their arguments. Regarding the rapid rise of the Indian economy, they side with India's critics because of some hard, ugly facts. These involve persistent inequalities in society, lack of employment opportunity and sufficient education, the treatment of women, low-quality health care, lack of clean drinking water and proper nutrition, and rural blight and poverty, among other reasons. Today, India's annual income per person is roughly $2,300; in China, that number is $12,500; Korea's is around $35,000. "India is no longer in the middle of the pack; it is at the bottom by a long way," write the authors. Rajan and Lamba do not think protectionism and subsidies to spur manufacturing are the way to a more vigorous economy for all. They argue that the government should turn away from low-wage manufacturingin the past, "the ladder to riches"to emphasize direct services exports as the Indian future. Using human capital also encompasses encouraging visionary entrepreneurs and new businesses, and the authors showcase many examplese.g., the eyewear chain Lenskart. As the supply chain has changed drastically, the authors believe India should "embark on a more unique Indian way of development, one that is more aligned with India's strengths." A sobering economic study packed with useful ideas.

  • Sprache: Englisch

    Verlag: Princeton University Press, 2024

    0691263639 / 9780691263632

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  • Sprache: Englisch

    Verlag: Princeton University Press, 2024

    0691263639 / 9780691263632

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    Zustand: New. 2024. hardcover. . . . . . Books ship from the US and Ireland.

  • Sprache: Englisch

    Verlag: Princeton University Press, 2024

    0691263639 / 9780691263632

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    Zustand: New. In English.