New Zealand, beginning in 1984, implemented a virtual economic revolution that involved trade liberalization, privatization of state assets and crown corporations, deregulation of labour markets, the establishment of an independent central bank, a major reform of public finances and taxes, and a...

Two issues are of special interest: the process of economic reform in India, in historical context and comparative perspective. The second question is the medium term future of the Indian economy in the light of experience elsewhere in Asia.