On the road to Liberty

The world responded actively to the tragedy in South and South East Asia. Aid, financial and otherwise poured in from all parts of the world. Unfortunately, thousands of people perished as the response to the tragedy was not fast enough, and the blame should be placed squarely on the politics. My article titled " The Politics Of Relief " was published in TCS Daily on January 6th 2005. The tragedy in South and South East Asia has shaken the world. Barely ten days after the tsunami swept thousands of kilometers of coastlines, killing an estimate 150,000 people and displacing millions, world leaders gathered for a mini summit in Indonesia to take stock and promise more money and technology. The UN is to lead the effort. The international community is estimated to have pledged over USD 2 billion in relief and rehab. The overwhelming grief of the victims is being matched by an enormous outpouring of sympathy and support. Money and material are pouring in from all across. But the r...

At noon on 11 May 2000, Aastha, a baby girl born in Delhi. She was officially declared as the billionth Indian. My article titled "India's One-Billionth Asset-The path to prosperity is economic freedom, not population policy" was published in May, 2000. India's population officially surpasses the one billion mark today. While government officials search for the suitable baby to herald the occasion, there are no plans for any grand birthday party. Instead people are being somberly reminded of the burden of the billion plus population. It is ironic that India has reached a situation where the birth of a child is considered to have a negative impact on GDP and other economic measures, but the birth of a calf, or production of an additional ton of rice or iron is considered to be positive. Is India's growing population to blame for its relatively poor economic performance in the past 50 years? Or did the policies pursued by successive governments lead to a massive was...

My article titled "Poverty, Wealth and Waste" is Reproduced from the March 2000 issue of PERC Reports. The original pdf version of the journal is available here . PERC, a think tank based in Bozeman, Montana, USA, is dedicated to Providing Market Solutions to Environmental Problems. In 1986, a waste-to-energy plant opened in Delhi, India, financed by the Danish International Development Agency at a cost of over $10 million. The plant was expected to generate 3.8 mw of electricity from garbage, and its success was to be copied in other Indian cities. However, the plant was a failure. Two years later, the government was spending about $100,000 a year to burn garbage without producing energy. Surprisingly, the principal reason was the fact that there wasn’t enough urban waste in Delhi. It turns out that the waste—paper, rags, plastic, etc.—in Delhi produces only about half the caloric value of a Western city. This contrast tells us a lot about the treatment of waste in rich and...

Liberty Institute Briefing Paper on Trade and Development "International Trade and Child Labour: The role of the market" was published in November 1999. Social and labour conditions have become a highly charged subject, particularly after attempts to link trade and social conditions under the auspices of the WTO. On the one hand, lower labour conditions, including the use of child labour is said to give economic advantage to some countries, and therefore there is a demand for protection in some other countries. On the other hand, these poor labour conditions are said to be the fallout of market reforms and free trade, and therefore there is a demand for restricting trade. No doubt child labour provides an emotive shield for a range of other agendas. However, rather than a restrictive linkage between trade and child labour, historical experience clearly shows that an open market and free trade are the best instruments for improving the labour conditions, including elimination ...

Liberty Institute Briefing Paper on Trade and Development "Agricultural Trade Can Change the Poverty Ridden Face of Indian Countryside" was published in November 1999 For fifty years India has followed the most restrictive policy regarding agriculture. The result has been that while in 1947, 85% of Indians depended on agriculture which contributed to over 70% of Indian GDP, today the corresponding figures are 70% and 35% respectively. Not surprisingly the face of Indian agriculture we are most familiar with is one of abject poverty. Ironically, the much promoted India industry under the tutelage of the state while capturing a large chunk of the GDP has remained highly uncompetitive internationally, but Indian agriculture continues to enjoy competitive advantage in many crops despite years of neglect and denial of access to international markets. Opening up trade in agricultural products provides a tremendous opportunity to improve the lot of the farmers in developing countri...