India is not only the world's largest and fiercely independent democracy, but also an emerging economic giant. But to date there has been no comprehensive account of India's remarkable growth or the role policy has played in fueling this expansion. India: The Emerging Giant fills this gap, shedding light on one of the most successful experiments in economic development in modern history.
Why did the early promise of the Indian economy not materialize and what led to its eventual turnaround? What policy initiatives have been undertaken in the last twenty years and how do they relate to the upward shift in the growth rate? What must be done to push the growth rate to double-digit levels? To answer these crucial questions, Arvind Panagariya offers a brilliant analysis of India's economy over the last fifty years--from the promising start in the 1950s, to the near debacle of the 1970s (when India came to be regarded as a "basket case"), to the phenomenal about face of the last two decades. The author illuminates the ways that government policies have promoted economic growth (or, in the case of Indira Gandhi's policies, economic stagnation), and offers insightful discussions of such key topics as poverty and inequality, tax reform, telecommunications (perhaps the single most important success story), agriculture and transportation, and the government's role in health, education, and sanitation.
The dramatic change in the fortunes of 1.1 billion people has, not surprisingly, generated tremendous interest in the economy of India. Arvind Paragariya offers the first major account of how this has come about and what more India must do to sustain its rapid growth and alleviate poverty. It will be must reading for everyone interested in modern India, foreign affairs, or the world economy.

Arvind Panagariya is Jagdish Bhagwati Professor of Indian Political Economy and Professor of Economics in the School of International and Public Affairs at Columbia University. A leading authority on the economy of India, he has been the Chief Economist of the Asian Development Bank and has also worked for the World Bank, IMF, WTO and UNCTAD.

Jump Point: How Network Culture is Revolutionizing Business
by Tom Hayes

From the Publisher

Jump Point illustrates how the next economy will arrive at an inflection point just 1000 days away. Managers and organizations that survive the “jump” will find themselves in a strange new landscape of unfamiliar players and unforgiving power laws. From shape-shifting consumers, to competitive jihads, to the wealth-evaporating forces of runaway “mudflation,” Hayes takes you on an eye-opening ride to the world of the jump point and beyond.

Biography

Tom Hayes has been called a “taste-maker for the new net generation,” and a marketing maverick. A veteran of Silicon Valley, his career includes executive positions at HP, Applied Materials, AMD and telecom software leader, Enea. Tom was the founding CEO and Chairman of Joint Venture: Silicon Valley. Fast Company magazine called him “a model citizen for the 21st Century” for his many efforts to promote good corporate citizenship among high tech companies. His blog, Tombomb.com, is a popular and often-quoted commentary on the world of Web 2.0 and beyond.

Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve
by Bill Fleckenstein

From the Publisher

The New York Times nicknamed him “Mr. Bubble” for his role in creating the two largest bubbles in recent years: in the stock market and the housing market. Now, MSN Money columnist Bill Fleckenstein reveals the unvarnished truth behind Greenspan's “Age of Recklessness.”

By slashing interest rates to bail out investors, Greenspan made a lot of people rich but his actions resulted in the dot-com disaster of 2000 and the mortgage mess of 2007. But Greenspan's recklessness goes back even further-to the crash of 1987, the Savings & Loan crisis, the implosion of Long Term Capital Management, and even the Asian crisis. This no-holds-barred account finally exposes Greenspan as the worst Fed Chairman ever-and offers an economic wake-up call for citizens and investors.

Bill Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his Web site, Fleckensteincapital.com, as well as the popular column Contrarian Chronicles for MSN Money.

Fred Sheehan is a former Director of Asset Allocation Services at John Hancock Financial Services. He has written for Market Outlook and Quarterly Review and the Whiskey & Gunpowder and Prudent Bear websites.