Indian governments follow highly interventionist policies on food grains, especially rice and wheat. These policies include import and export controls which insulate the domestic market from world markets, a minimum support price (MSP) program which supports and controls domestic wholesale...

Major advances in modelling techniques and computing power that have occurred over the past 20 years or so now make it relatively easy to quantify the results of policy experiments when large numbers of parameters and variables are involved. The most important and difficult part of this kind of...

In 1977 Sri Lanka was the first of the South Asian countries to decisively move away from the protectionist import-substitution trade policies that for many years had damaged their economic efficiency and hobbled their economic growth. Albeit with back-tracking episodes, Sri Lanka's liberalising...