Thursday, February 18, 2010

SOCIALISM KILLS: THE COST OF DELAYED ECONOMIC REFORM IN INDIA

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In "Socialism Kills: The Cost of Delayed Economic Reform In India," Aiyar seeks to estimate the number of "missing children," "missing literates" and "missing non-poor" resulting from delayed reform, slower economic growth, and hence, slower improvement of social indicators. He finds that with earlier reform:

  • 14.5 million more children would have survived.
  • 261 million more Indians would have become literate.
  • 109 million more people would have risen above the poverty line.

The delay in economic reform represents an enormous social tragedy. It drives home the point that India's socialist era, which claimed it would deliver growth with social justice, delivered neither.

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