Given the debate on economic advisory in India (and elsewhere), one obviously wonders how global should economic advice be? Here too much of discussion is biased as Global or International advice essentially means advice coming from US based think-tanks and universities. Globalisation should also mean that the US (and rest of the west) be open to hearing views from other countries, but that of course is a joke. The rest of the world is hardly good enough to advice the best in the world. But how is it that those based in rest of the world are not even seen worthy of advising their own economies? Is it possible that experts based in US ivy league think-tanks and universities will know about most economies in the world?
The usual discourse in media is how external economic advice helped save some of the countries from an impending economic disaster. One thing which is missing in such discussions…
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