Urbanisation and development are tightly linked (Duranton and Puga 2013). Developing countries are urbanising at a much faster pace than developed countries. For instance, China’s and India’s economic transformation and urbanisation is happening at 100 times the scale of the first country in the world to urbanise – the UK – and in just one-tenth of the time.
Growing through cities in India
Ejaz Ghani, William Kerr, Ishani Tewari, 11 July 2014
India – igniting inclusive growth by raising female economic participation
Piritta Sorsa, 18 June 2014
India is in many ways at a crossroads in mid-2014. It will have a new government, it will need ignition to restart the growth engine and make it more inclusive. But if this is to happen, then Indian women will have to be given the chance and the incentives to participate more in the labour market. Indian women already show signs of starting gradually to assert themselves more.
Job protection reform in India
Sean Dougherty, Veronica Frisancho, Kala Krishna, 8 May 2014
India has some of the more restrictive labour laws in the world, but a large informal sector to which these do not apply. Therefore, firms thinking of growing in size and becoming formal must trade off the advantages of size with the disadvantages of facing regulations. This dilemma keeps Indian firms small and informal unless they have a lot to gain by growing, i.e.
What voters reward: Evidence from the 2009 Indian parliamentary elections
Poonam Gupta, Arvind Panagariya, 17 March 2014
Despite the intuitive appeal of the idea that good economic outcomes such as sustained rapid growth should help incumbents win elections, evidence on it has been scant, especially from developing countries.
Free lunch? Effect of India’s food subsidy programme on nutrition
Neeraj Kaushal, Felix Muchomba, 24 December 2013
In September the Indian government passed a food security bill guaranteeing 75% of the country’s rural population and 50% of its urban population 5 kilograms of food grain per person per month at heavily subsidised prices (Parliament of India 2013).
Policymaking in crises: Pick your poison
Kristin Forbes, Michael W Klein, 24 December 2013
In 2010, the Brazilian finance minister Guido Mantenga declared a ‘currency war’ because of the harmful effects of the strengthening of the real. He blamed the currency’s appreciation on easy money in advanced countries, and to a lesser extent on reserve accumulation in some emerging markets.
Perverse consequences of well-intentioned regulation: Evidence from India’s child-labour ban
Prashant Bharadwaj, Leah Lakdawala, Nicholas Li, 5 December 2013
Despite decades of near universal opposition to it, child labour is endemic. According to a recent report by the International Labour Organization, there are nearly 168 million child labourers, of whom 85 million work under hazardous conditions (ILO 2013).
There are many policy options to readdress this. Bans and regulations against child labour are among the most popular worldwide.
The BRICs party is over
Anders Åslund, 4 September 2013
After a decade of infatuation, investors have suddenly turned their backs on emerging markets. In the BRIC countries – Brazil, Russia, India and China – growth rates have quickly fallen and current-account balances have deteriorated.1 The surprise is not that the romance is over but that it could have lasted for so long.
India and the Emerging Market crisis
Marco Annunziata, 1 September 2013
India has come under siege this summer. The rupee has depreciated sharply since late July, and foreign exchange reserves dropped significantly. The pressure has been triggered by market concerns on the Fed’s intention to ‘taper’ its quantitative easing, against the background of a growth slowdown in China.
Finance and Poverty: Evidence from India
Meghana Ayyagari, Thorsten Beck, Mohammad Hoseini, 2 June 2013
Vox readers can download CEPR Discussion Paper 9124 for free here.
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