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15 August 2019

Sequencing Governance and Economic Growth

The Narendra Modi government came to power in India in 2014, promising "minimum government, maximum governance". Its roll-out of numerous government schemes meant that democracy and governance came before economic growth. But it returned Modi to power.Analysing the current debate on growth and governance the author explores how the sequencing of governance and economic outcomes is different in China, Turkey and India

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14 August 2019

The DMZ, between peace and hostility

The Demilitarised Zone (DMZ) is a 250-km-long militarised border that divides the Korean peninsula roughly into half. It is one of the most heavily guarded borders in the world. The author, who had a unique opportunity to visit the DMZ, narrates her experience

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14 August 2019

The Persian merchants of Bombay

Bombay’s trade with the Persian Empire grew rapidly in the 19th century because of regular steamship services between the city and prominent Iranian ports such as Bushire. The wealthy and public-spirited Persian merchants, who settled in Bombay, endowed their community with a religious and social infrastructure, in use even today

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8 August 2019

Delusional Politics

The apparently disparate themes that Hardeep Singh Puri analyses in this book cohere under his overarching thesis about delusional decision-making and its unexpected consequences, be it Brexit or the rise of populist leaders. His analysis includes an examination of the democratic process, the role of the media and the elusive nature of definitions

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8 August 2019

Africa’s ambitious path to trade growth

The African Continental Free Trade Area, launched in July, is a landmark achievement, aiming to eliminate tariffs on 90% of products covered by intra-Africa trade and thereby spur entrepreneurial initiative and job creation. It envisages many other gains as well, but the hurdles in their realisation cannot be wished away. An analysis

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1 August 2019

India and the G20: address by Suresh Prabhu

Suresh Prabhu, G7 and G20 Sherpa for India and four-time Member of Parliament, who was at Gateway House for a meeting in July, spoke about India’s growing prominence in the G20 and gave a summary of discussions at the Osaka Summit

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1 August 2019

A case for the petrorupee

India can catalyse trading in oil on its domestic exchanges, and thereby adjust global oil prices so they reflect the changing patterns of global trade. In the process, this can help Indian companies and government reduce the risks arising from high energy prices. And in the long run, it can give India a more central position in the global financial system

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25 July 2019

India’s potential game changers

The reelected BJP government faces the dual challenges of agriculture stress and weak employment. The author believes that India's world standing in food and agriculture gives it a platform to address the issue of genetically modified seeds, and that performance risk insurance should be used to support financing for Small and Medium Enterprises