Raghu recalls a joke that the South Korean executive director at the International Monetary Fund (IMF) told him when Raghu marvelled at how much South Korea had achieved, even though it had been as poor as India in the 1960s: The Indian finance minister was once on a trip to Seoul. In the Korean finance minister’s office, the Indian minister asked him the secret of Korea’s success. The Korean minister pointed to a set of thick black tomes lining the shelf behind. ‘It is all in there,’ he said. The Indian finance minister went closer to read their titles, laughed and said, ‘Why, these are our
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