Friday, October 25, 2019

Scott Alexander on indian economic reforms

INDIAN ECONOMIC REFORM: MUCH MORE THAN YOU WANTED TO KNOW
I was vaguely aware that India had done relatively well, but I didn’t grasp the scale. This should be up there with the rise of China as one of the most important (and most encouraging) news stories of my lifetime. And if it was really due to the 1991 reforms, they should go down alongside Deng Xiaoping’s liberalization of China as one of the century’s great achievements........If we had a better understanding of what exactly happened and how it was reversed, it could be an important source of information for developing countries in the future.”

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