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CES FUNCTION, GENERALISED MEAN AND HUMAN POVERTY INDEX: EXPLORING SOME LINKS

 


CES FUNCTION, GENERALISED MEAN AND HUMAN POVERTY INDEX: EXPLORING SOME LINKS

 

Ó Dr. VIJAYAMOHANAN PILLAI N. 2010

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IN QUEST OF TRUTH: THE WAR OF METHODS IN ECONOMICS

 


IN QUEST OF TRUTH: THE WAR OF METHODS IN ECONOMICS

Ó Dr. VIJAYAMOHANAN PILLAI N. 2010

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A LOOK INTO RECESSIONS, BUSINESS CYCLES AND FINANCIAL CRISES

A LOOK INTO RECESSIONS, BUSINESS CYCLES AND FINANCIAL CRISES


 

V. Krishna Moorthy

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WITHER CHINA’S GOLDILOCKS SCENARIO OF ECONOMIC POLICY

 


WITHER CHINA’S GOLDILOCKS SCENARIO OF ECONOMIC POLICY

 

Ó Dr. Sheo Nandan Pandey and Prof. Hem Kusum 2011

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WHAT'S IN IT FOR AFRICA? - CHAPTER 8
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Chapter 8. Medium- and Long-term Scenarios, The Rise of China and India: What’s in it for Africa?, © OECD 2006, (www.oecdbookshop.org)

Scenarios for China’s and India’s Medium and Long-Term Growth, Prospects for Future Energy, Metals and Food Demand, Energy and Metals and Food and Soft Commodities.
With China and India surging ahead as world economic powers, Africa’s economy stands to be impacted in various ways. Economic interactions between the Asian giants and Africa show promise of intensifying over time. This study by the OECD analyses possible future scenarios.
Policy interactions appear to be relevant in the areas of raw material price levels and volatility, exchange rate developments and resource allocation (de-industrialisation, vertical integration), low-wage competition and income distribution, industrialisation strategies, input linkages (in China and India), capital-flow effects (such as through FDI, project finance, public-private joint ventures). Last but not the least, they are relevant in the context of understanding rent-seeking behaviour and the frictions arising from the unequal distribution of income among ethnic groups.
African economies are affected differentially by Asian economic growth. Complementary effects are possible in certain cases, as producers benefit from increased Asian demand. Asian countries may want to secure more raw material, may want to improve export infrastructure in selected African countries, while offering project finance, FDI and other forms of trade-linked capital flows. In other cases where Asian economies indirectly divert investment resources away from African economies, interests may be competitive rather than complementary. While on balance the short-term opportunities of Asia’s ascendancy and the concomitant effects on South-South trade may outweigh the economic costs for Africa (in particular for its raw material and energy exporting economies), serious long-term risks may be involved.

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