Book Review- "A View from the Outside: Why Good Economics Works for Everyone"

SDMIMD

Book Review

A view from the outside: Why good economics works for everyone

Vaishnavi S (10115), Vijay Pal Singh Gil (10116), Vikrant B Mudliar (10117), Vishal Roy (10118), Vishwas Sharma (10119), Vuppala Avinash (10120)

Section ‘B’ Submitted to Dr. Mihir K. Mahapatra

Table of Contents

Introduction 5

India empowered to me is 5

Agriculture 5

Broad objectives and major issues 5

Contemporary issues 6

Author’s methodology and our critical evaluation 8

Relevance of issues 9

Application of concepts of microeconomics 9

Observations 10

Foreign trade 10

Steps taken by the Indian Govt. 11

India and WTO 13

Current situation in WTO 13

Mini Ministerial Meeting of WTO, Geneva July 2008 14

Our suggestions 14

Forex 14

Ways to enhance forex reserves are 15

FDI 15

Recent initiatives of Indian Govt. 17

Suggestions 17

Tourism 18

Opportunities in Tourism Sector 18

Initiatives Taken By Govt. in 2010 20

Challenges 21

Suggestions 21

India’s GDP growth 2009 22

Taxation 24

Broad objectives and major issues 24

Contemporary issues 25

Politics and Governance 25

Broad objectives and major issues 26

Attack on World Trade Centre v/s Attack on Parliament 26

Wanted: Sreedharans not Togadias 26

Contemporary issues 27

Binding force of NDA Coalition government 27

Wake up to the state of states 28

Politics catches up India Lags behind 28

An Uneven tail of Two People Republics 28

Politics and elections 29

Broad objectives 29

Major issues 29

Contemporary issues: 29

How did the author deal with the issues and methodology 30

Critically evaluate the arguments put forth by the author 30

Examine the relevance of the issue 33

Overall observations 34

A Potpourri of issues 34

Broad objectives and major issues 34

Contemporary issues 34

Consumer choice 34

Agriculture 34

Disinvestment/Privatisation 35

Inflation 35

International...