Saturday, January 28, 2012

Can bad politics make for good economics?

It is generally believed that good economic policies do not necessarily lead to electoral victory, in India. There is a general agreement that economic competition improves the lot of the paying consumer. So, what might be the impact of political competition? While economic growth is not sufficient to help win an election, could increased political competition among major political formations help in adopting economic policies that perform, and contribute to marginal improvements in the lot of the citizens? I look at the possible relationship between economic growth and election outcome in the states of Punjab and Uttar Pradesh, in "Can bad politics make for good economics?" in the Financial Express, on 28 January 2012.

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