India: Long Growth Runway Still Lies Ahead

6 March 2019 Following the BJP's dramatic 2014 electoral victory, Prime Minister Narendra Modi enjoyed a mandate to implement economic reform. From the beginning, however,  the program faced criticism. On the one hand, Hindu nationalist believe the changes do not go far enough in promoting their interests, whereas non-Hindus charge the  benefits have not been [...]

Auf Wiedersehen Mon Ami(e)!

12 November 2018 Last weekend's gathering of world leaders to commemorate the centenary of the World War I armistice was also an occasion to celebrate 70 years of European peace and stability.  It was also appropriate to recognise the European Union's contribution to this extended period of prosperity. However, there existed also a sense of [...]

Italy: Growth Not Quitaly is the Remedy

6 June 2018 As a reminder that populist sentiment in Europe has not disappeared, Italy's March election has finally produced an anti-establishment coalition between the Lega and the Five Star Movement (M5S), which appears willing to at least consider leaving the European Union as a remedy for the nation's economic ills. On one level this [...]

India: Reforms Add to Growth, Lower Inequality

India's lackluster economic performance was once cynically referred to as the "Hindu rate of growth"!  How times have changed!  The OECD reveals how extensive economic reforms have contributed to stronger growth, lower inequality, and reduced poverty.  This valuable report also highlights an agenda for continued action. INDIA-2017-OECD