Vivek Vikram Singh

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The modern outlier is India, where investment as a share of the economy exceeded 30 percent of GDP over the course of the 2000s, but little of that money went into factories. Indian manufacturing had been stagnant for decades at around 15 percent of GDP. The stagnation stems from the failures of the state to build functioning ports and power plants or to create an environment in which the rules governing labor, land, and capital are designed and enforced in a way that encourages entrepreneurs to invest, particularly in factories. India has disappointed on both counts: creating labor-friendly ...more
The Rise and Fall of Nations: Ten Rules of Change in the Post-Crisis World
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