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Publications (4)
Book Chapter
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
– Past episodes and future trajectories
From the book:
The Developer’s Dilemma
Policy makers seeking inclusive growth frequently face the developer’s dilemma between prioritizing structural transformation, which is potentially inequitable, and keeping a check on rising economic inequality. How this dilemma is resolved by different countries and what factors influence the...
Working Paper
pdf
– Two episodes
Developing countries face a trade-off between the twin objectives of structural transformation and inclusive growth. This is the ‘developer’s dilemma’. This study analyses the dilemma as it manifested itself in the Indian context, and identifies two distinct episodes over the post-independence...
Working Paper
pdf
– India
India's first two bouts of orthodox stabilization policy following independence were quite different. The first, prompted by a prolonged drought at home and the wars with China in 1962 and Pakistan in 1965, was relatively mild in form. The rupee was devalued, the elaborate panoply of export...
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