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CGD in the News
May 13, 2014
"We can say with some confidence that the renminbi is now fairly valued, which is a striking change from even 2005, when the currency was undervalued by nearly 30 percent," Martin Kessler and Arvind Subramanian of the Peterson Institute for International Economics said in a report released...
CGD in the News
May 13, 2014
As prime minister, expect Modi to continue to pursue his area of expertise: rooting out administrative inefficiencies. These changes could lead to more pragmatic and business-friendly policies, such as streamlined approvals for infrastructure projects.
Whether Modi would tackle India's extensi...
CGD in the News
May 13, 2014
When China Real Time last delved into the valuation of Chinese yuan, economist Arvind Subramanian of the Peterson Institute for International Economics came to a surprising conclusion: The yuan was no longer undervalued. China might be shedding its mercantilist ways, he wrote with a co-author, after...
CGD in the News
May 09, 2014
Can India be a manufacturing powerhouse? Three developments make that question salient today. Looming ahead is the demographic bulge, which will disgorge a million young people every month into the economy in search of employment opportunities. Rising labour costs in China create opportunities for l...
CGD in the News
May 07, 2014
Arvind Subramanian, a development economist at the Peterson Institute for International Economics, shares a similar perspective. While there are crucial challenges that call for international collaboration (climate change, new vaccines for diseases of the developing world and technologies to advance...
CGD in the News
May 02, 2014
The World Bank’s re-estimation of global pricing is leading to a second day of questioning of economic verities. Yesterday, a number of publications used the new numbers to pronounce that the U.S. would next year lose its century-long ranking as the world’s number one economy. (China Rea...
CGD in the News
April 01, 2014
In India’s forthcoming elections, a government led by Narendra Modi of the Bharatiya Janata party is likely to assume power, and to do so without being too dependent on the support of regional leaders. A vote for Mr Modi will be a vote indicting the Congress-led government, which has overseen ...
CGD in the News
February 12, 2014
From the article:
In our last piece, we had argued that taxation is the economic glue that binds citizens to the state in a necessary two-way relationship. A citizen's stake in exercising diminishes if he does not pay in a visible and direct way - typically via direct taxes or user fees -...