Minouche Shafikâs new book, What We Owe Each Other: A New Social Contract seems perfectly timed, with the world teetering between the 2008 financial crisis and a global pandemic. The book is not written for the general reader, but I think that they too might like it. They would like it for her astute observations… Continue reading A New Social Contract for a New Kind of Economy
There is no excerpt because this is a protected post.
As the Covid pandemic wanes, one would expect most economies to recover faster. However, something called base effect prevents us from seeing better rates of growth. And so it is, with our economy in India. After the massive contraction in FY21, the first year of the pandemic, the economy staged an impressive recovery in the… Continue reading Can the Indian Economy Weather the Storms?
Perhaps, not since WWII and then the 1970s, has the world had to deal with the economic effects of a war such as the current one on in Ukraine against Russia. The 8-year war between Iran and Iraq in the 1980s, and later wars in the Islamic world too had their biggest impact on oil… Continue reading Wartime Priorities for Governments the World Over
As with everything to do with the pandemic, there is a pre- and a post-. And so it might be, with the advertising and media landscape, though how much of it is enduring, we still canât tell. At the start of the Covid pandemic in, well, âĤ it seems like itâs been with us so… Continue reading Reimagining the Media Landscape After the Pandemic
Emerging out of the Covid-19 pandemic, global economic recovery is proving to be a tricky business, requiring a delicate balancing act by governments and central banks. This is because most of the world has racked up huge amounts of debt, while trying to stimulate their economies, in addition to the debt they already had. Western… Continue reading World Caught Between Soaring Inflation and Debt
It has often struck me as strange that the much-vaunted French luxury industry, a growing and sizeable part of the French economy, doesnât include automobiles, especially passenger vehicles. Given their penchant for design, their understanding of exclusivity and luxury and their engineering prowess especially in aviation and high-speed rail, it is rather strange that they… Continue reading Why Do Cars Get the Cold Shoulder in French Luxury?
In this article, the second of the three Es that I referred to at the start of the year, I write about the Indian economy in the light of the Indian budget that was presented recently. The much-anticipated Indian Union Budget of 2022 has come and gone without any fanfare, nor any major controversy. This… Continue reading Murphyâs Law of Budget-Making in India
Big government is what The Economist told us to expect at the start of the Covid-19 pandemic in 2020. It anticipated greater government intervention, of course, as there should be in the case of a health emergency that Covid-19 has turned out to be. But it also anticipated government mandates, use of contact-tracing as a… Continue reading State vs the Market in a Pandemic Economy
While reading an article by Theodore Levitt titled Marketing Myopia, I came across a reference to Peter Druckerâs Principles of Management and Concept of a Corporation and I thought I must read them. Principles of Management was not available on Amazon India, but there was Practice of Management, also by him. Concept of a Corporation… Continue reading Peter Drucker and Todayâs World of Work
Peripatetic Perch 