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Gulzar Natarajan
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119 followers
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Political change - the role of information and popular waves
There is a very strong,
if not dominant, belief among development researchers that lack of adequate
information and awareness is responsible for holding back reforms that could
have improved development outcomes.  Accordingly, they believe that if the poor
...

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On China's shadow banking risks
Quartz has two graphics that explain the much discussed Chinese shadow banks. Briefly, the Chinese government caps the interest payable on savings accounts to 3% and impose a very high 20% cash reserve ratio on bank deposits. The former, coupled with capita...

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The top 0.01 percent
Amidst all talk about the 1%, we overlook the fact that there exists considerable variation in the trends among them. While incomes shares of the 1-0.1% have been relatively stable, the real surge has been in the share of the top 0.1%, in particular the top...

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Irrational Exuberance, Tesla Edition
Fledgling electric car maker Tesla's outrageous stock market valuation is clearly driven by irrational exuberance.  Quartz has two graphics that highlight this. Surely, nothing in the world merits a spurt in valuation as spectacular as this. Did we invent t...

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India's "bloated" bureaucracy?
Critics reflexively blame India's "bloated bureaucracy" for governance failures. So how "bloated" is it? As on 2011, India had 18.5 million governments employees - 3.4 million with central government , 7.2 million with state governments, 5.8 million with PS...

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China graphs of the day
From among an excellent collection of graphs about China's extraordinary quarter century of growth available here , a few stood out for me. For some time now it has been well known that China was the engine of global economic growth. This has become more pr...

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Sweden's music cluster
MR points to this   fascinating  article highlighting Sweden's remarkable success in the field of pop music. Since the seventies, starting with ABBA, Swedes have dominated pop music scene with music bands, singers, song-writers, and producers. Song writers ...

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Questions about China's "incremental" reform process
Amidst the spectacular economic success of China, we often forget the apparently far-sighted nature of its political leadership. In particular, the ability of Chinese authorities to manage the time, pace, and sequence of reforms in several areas has been an...
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