A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case studies of well-known waves of reforms, those of New Zealand, Australia, Denmark, Ireland and Netherlands in the 1990s, and the labor market reforms in Germany in the early 2000s. In four of the six cases, GDP per capita was higher than in the control group as a result of the reforms. No difference between the treated country and its synthetic counterpart could be found in the cases of Denmark and New Zealand, which in the latter case may have partly reflected the implementation of reforms under particularly weak macroeconomic conditions. Overall, also factoring in the limitations of the SCM in this context, the results are suggestive of a positive but heterogenous effect of reform waves on GDP per capita.
This book explores buffer states' agency beyond being highly interactive spaces for the competing strategic and security interests of larger powers. Analyzing 21 political events, the author offers a new conceptual framework for the buffer state, which emphasizes strategic utility and agency. Applying this to the case study of Nepal as a buffer state between India and China, he offers a systematic analysis of Sino-Indian interests in the wider region, and Nepal’s interactions with and reactions to them, and argues that the buffer state in contemporary international relations is characterized by intense competitive overtures from its contending neighboring states. However, the buffer state is not just a spectator but an active participant that consistently assesses and reassesses its geopolitical position in between much larger competing powers. This reading offers a new understanding of the buffer state as a highly dynamic political space wherein the levels of influence and strategies of bigger powers can be examined. Aimed at a multidisciplinary audience, this book will be of particular interest to scholars, practitioners and students of international relations, security studies, strategic studies, and Asian Studies.
Since its independence in 1947, India's leaders have sought to grasp the greatness that the country seemed destined for. India's first prime minister, Jawaharlal Nehru, articulated these aspirations early on but, overwhelmed by development challenges, his successors focused largely on domestic concerns rather than on global leadership. The post-1991 era saw India positioned for the first time in many decades as an economic success, suggesting that it was on the cusp of breaking out as a global player. The twenty-odd years following the 1991 reforms were heady for India. Based on the expectation that India was now poised to ascend as a major power, Prime Minister Narendra Modi-less than a year after he first took office in May 2014-expressed his desire that India assume a leading role: completing the transformation from being merely an influential entity into one whose weight and preferences are defining for international politics. Grasping Greatness explores the various tasks pertaining to this push for eminence in world affairs. It elaborates the economic, state-building, and international dimensions of this ambition. Eminent thinkers like Rakesh Mohan, Ila Patnaik, Surjit Bhalla, Arjun Subramanian, and others reflect upon the tasks at hand and the desirable routes to achieve them. Edited by Ashley J. Tellis, Bibek Debroy and C. Raja Mohan, Grasping Greatness is an important contribution to the intellectual debates as India enters into a new era on the world stage.
A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case studies of well-known waves of reforms, those of New Zealand, Australia, Denmark, Ireland and Netherlands in the 1990s, and the labor market reforms in Germany in the early 2000s. In four of the six cases, GDP per capita was higher than in the control group as a result of the reforms. No difference between the treated country and its synthetic counterpart could be found in the cases of Denmark and New Zealand, which in the latter case may have partly reflected the implementation of reforms under particularly weak macroeconomic conditions. Overall, also factoring in the limitations of the SCM in this context, the results are suggestive of a positive but heterogenous effect of reform waves on GDP per capita.
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