Will a Large Economy Be Stable?

Author(s):  
José Moran ◽  
Jean-Philippe Bouchaud
Keyword(s):  
Author(s):  
Vijay Mahajan

This chapter deals with Indian ‘innovations for the millions’ (I4M)—new products, processes, and institutional arrangements—that sustainably improve the quality of life of those at the base of the pyramid. Taking ten examples which originated from the private, public, NGO and cooperative sectors, the chapter suggests that these innovations are a response of the ‘elite of calling’ to the Indian paradox – high growth in a large economy, co-existing with a very large number at the base of the pyramid. The chapter argues that a more supportive ecosystem needs to be built to foster I4M, including reforms in regulation and taxation, and attracting bright young people. If that happens Indian I4M can serve billions at the base of the pyramid around the world.


Author(s):  
Helen Thompson

This chapter considers the Thatcher governments’ economic policy in comparative perspective both in relation to their UK predecessors and successors and other large-economy states. It argues that the Thatcher governments presided over significant change to the structure of the UK economy, some of it through deliberate policy intent and some as the unintended consequences of their policy actions. It also shows that, seen as a whole, the Thatcher governments left little legacy at the level of policy framework. They were unable to reduce the fiscal size of the state and New Labour pushed policy in a different direction. On the monetary side, the Thatcher governments grappled with the same problems of inflation and sterling and as policy became ever less coherent, set up the ERM disaster, the response to which by its successors has set the parameters of UK policy since.


1986 ◽  
Vol 27 (2) ◽  
pp. 407
Author(s):  
Ferran Sancho
Keyword(s):  

Econometrica ◽  
1974 ◽  
Vol 42 (4) ◽  
pp. 633 ◽  
Author(s):  
M. Ali Khan
Keyword(s):  

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