This paper reviews India’s experience to understand how services sector liberalisation can generate (welfare) gains for developing countries, in particular vis-à-vis its employment generation potential. The analysis has been based on India’s experience of an increasingly open service sector...

There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of imports. Assuming reasonable spreads between the yield on reserve assets and the cost of foreign...

Household surveys from 13 developing countries are used to describe consumption choices, health and education investments, employment patterns and other features of the of the economic lives of the “middle classes†defined as those whose daily consumption per capita is between $2 and...

The relationship between trade liberalization and industrial productivity in developing countries, drawing upon a large number of studies in Latin America, Africa and Asia is explored. Beginning with a discussion of an appropriate measure of trade liberalization, the paper reviews the...

The poor women in developing countries are burdened with the dual responsibility of taking care of housework and the need to supplement household income to meet the subsistence needs. The on-going flexibalisation process world over has no doubt created new jobs, most of them informal, but they...

We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after this correction, we find little robust evidence of a positive (or negative) relationship...

Agriculture as a source of growth was sorely neglected in the early development strategies of the currently developing countries. Realisation of this shortcoming prompted public policy in these countries to encourage agriculture by various means. The success of these policies depends, however,...

Review of Globalisation and Opening Markets in Developing Countries and Impact on National Firms and Public Governance: The Case of India by Jean-Francois Huchet & Joel Ruet, Scientific Coordinators, Report by CSH, CERNA, LSE, ORF NCAER, New Delhi, 2006, Pages 389, RBI Occasional Papers, Winter...

There has been a significant decline in anti dumping initiations. This is a welcome trend as there is scant support in economic literature for anti-dumping action. The trend might well indicate the effectiveness of WTO’s dispute settlement machinery in recent years. WTO has ruled against...

The paper starts by recapitulating the basic arguments provided by economic theory to explain the existence of the patent system. The paper then concentrates on the three important ICT industries viz., telecommunication equipment, computer hardware and semiconductor industries. The issues...