Category: Random Draws

Moving Mountains

Golf, not Chess

Economic growth in a sense, and to a much larger extent economic development, is more akin to a game of golf than a game of chess. In golf, the opponent’s moves matter very little; you may as well play by yourself and later compare scores if needed. In chess, your move depends on how your opponent has moved and how he is likely to respond to your move. In other words, chess is a strategic game while golf is not. All this is very broadly speaking, naturally. I don’t mean to imply that there are no dependencies among economies as they grow; what I mean is that, especially for a large economy like India, how much it produces and how determines how materially prosperous it is and is independent of how other economies are growing. For strictly benchmarking purposes, one can glance over at the neighbors. And if one is smart, one can learn from the experiences of those neighbors. Still, when it comes to economic growth, it is largely the case that you are playing against yourself.

Here I want to glance at India’s large northern neighbor and recently a strategic competitor in the fiercely competitive game for control of scarce resources. China has been moving mountains — quite literally as you will soon note — for quite a few years for growing its economy. From an Indian perspective, it is a chilling reminder that there are no shortcuts to economic growth and that it takes something special in terms of will and perseverance to overcome the ill-effects of flawed economic policies and failed leadership. It is also a story of hope and the indomitable human spirit, a story of almost superhuman striving by mere mortals.
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Poverty and Freedom

“If poverty were simply an economic problem, we would be closer to a solution by now. But underdevelopment is a web of economic, political, institutional, ethnic, and class-related connections with persistent historical roots.” That’s Bob Solow, eminent neo-classical economists, winner of the Bank of Sweden’s Economic Sciences Prize in the Memory of Alfred Nobel (1987). Clearly, he understands the distinction between economic growth and economic development as he is the celebrated author of what is called the Solow-Swan economic growth model. That model, developed in the 1950s, was supplanted by endogenous growth models in the 1980s. The latter models have microeconomic foundations and one of their implications is that you can affect the long-run growth rate through suitable policy interventions that change incentives and which in turn affect the rate of innovation.
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California Fires

Fires, floods, earthquakes, riots. What’s not to like about southern California? 🙂

<img src="https://deeshaa.org/wp-content/uploads/2007/10/culdesac4301.jpg"

That picture is from the recent fires there. In one cul-de-sac, all but one house is standing; in the other, all but one is ashes. Yehi hai ishwar ki maya, kahin dhoop and kahin chaya.

Gore and the Nobel Peace Prize

Does anyone, other than the recipients and the Nobel Prize committee, take the Peace Prize seriously any more?
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Who’s the boss? — Part 2

When a pickpocket meets a saint, all he sees are pockets. Thus goes a well-worn Zen Buddhist saying. Our perceptions of the external world are filtered through our internal desires and motivations. This process is not linear; a powerful feedback mechanism is involved. How we apprehend the world out there depends on what our internal model of the external world is; and our internal model gets modified with fresh inputs from our filtered apprehension of the world. Regardless of which came first – whether we start off with an internal model and then examine the world, or whether we examine the external world first without prejudice and only later build an internal model – the cycle once initiated continues for the rest of an individual’s life. Who we are dictates how we perceive the world to be; how we perceive the world to be dictates who we are in the continual process of becoming.
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Who’s the boss?

The other day I received a forwarded email informing me that in Mumbai there is a traffic law which requires that a taxi driver has to comply with a request — no, not request but rather a demand — for service. Here’s what the email said:

Do you know, Rickshaw & Taxi Drivers do not have a right to say NO. So remember that each time the rickshaw/taxi driver tells you a NO, take down his vehicle registration number, note the time date and place, please click on the following link and register your complaint.

We have had enough of these guys bullying us around, and refusing to ply specially when its urgent. They have been told that they cannot say a NO to any customer when their meter is FOR HIRE! not even for short or long distances. I’d suggest you stop asking them whether they will take you wherever you wish to go and rather tell them where you want to go. And if they refuse. REGISTER a COMPLAINT. Let’s teach these guys who’s the customer , and who’s the boss!

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Strange Link

I am tickled that the National Knowledge Commission website has linked to a post on this blog. This page entitled “Governance” (?) lists an article as “The Better, Faster Way to Help Rural India (Perhaps the answer to India’s rural development woes lies in creating cities instead).”

Heh heh!

Power, Scarcity, and Corruption

Education in India is generally in dire straits even though some people mistakenly believe that it is excellent from the successes of some ex-IIT non-resident Indians in the US who made piles of money. It is not hard to figure out what is the root cause of the distress of the educational system in India: the near-monopoly control of the system by the government.
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Sept 11, 2007

San Francisco Bay Area

It feels good to be back to the place I called home for much of my adult life. After just a few days it feels as if I had never left the San Francisco bay area, even though I have been living in India for the past four years. Certainly I visit this place frequently enough. Even then the fact that I can pick up a car right after a 12-hour flight and drive 100 kms to a friend’s place is a testament to how much at home I feel here. Driving a good car on excellent roads is a pleasure denied to one in most of India.
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