The introduction of economic reforms in India, particularly reforms in the banking sector, although boosted and edged up the profits and improved efficiency of the banks, an unwarranted consequence was the decline in credit to the less developed states and regions. The emphasis on efficient...

Purpose – The four Asian tigers, Hong Kong, Singapore, South Korea and Taiwan (also called Four Dragons) experienced miraculous high growth rates in the pre-1990s period and rapidly transformed their economic status from less developed “basket cases” to developed high-income countries...

To achieve high economic growth rates and raise standard of living is the objective of all countries, whether developed or developing. But does this imply that the benefits of growth would accrue both to the poor and the non-poor? Large inequalities in income distribution have been observed in a...