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Bharat Jhunjhunwala
COMMENTARY / World
Jun 2, 2002
Chinese growth miracle may be a myth
NEW DELHI -- Has China really achieved double-digit growth rates in the past two decades? And is India really lagging behind? Close scrutiny reveals that India's growth rate may actually have been higher.
COMMENTARY / World
Aug 18, 2001
U.S. mortgaging wealth before recession
NEW DELHI -- It's becoming increasingly clear that the U.S. economy, despite a sharp slowdown, is holding the world against a global recession. Americans are borrowing globally and using the money to consume the goods of the world. Alas! This can continue only as long as U.S. assets exceed liabilities....
COMMENTARY / World
May 4, 2000
Global economy faces a structural crisis
The Nasdaq has fallen 34 percent since March, and the Dow Jones Industrial Average is following suit. The decline might be only a technical correction, but the world economy may be hit because the inflow of capital into the United States may decline and restrict that country's ability to import goods...
COMMENTARY / World
Jan 24, 2000
Free trade means lower living standards
NEW DELHI -- The debate in the aftermath of the WTO meeting in Seattle continues with the assumption that globalization fundamentally benefits the world's people. It is forgotten that globalization also implies that wages will become equalized on a global scale. If this occurs, an abundant supply of...
COMMENTARY / World
May 4, 1999
India rightly resists the Chinese model
India has often been advised to follow the path of China in public investment in human capital. China has done well in the last decade, but it would be a disaster if India were to follow her example. China's approach can be called "two quick steps forward, one slow step back." India's approach, in contrast,...
COMMENTARY / World
Mar 20, 1999
Learning on the job can be a good idea
The value of education has become a cliche. But few people seem to realize that school-based education can often prove a liability. Consider the views of Ram Mohan, a young farmer from the Indian state of Rajasthan, who refused to go to school. "My father wanted me to go," he said, "but I didn't. My...

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