Wednesday, December 22, 2010

From Prof.Jagdish Bhagwati Blog!!

Yes, he now blogs @ The American Interest

First, while authoritarianism can accelerate reforms, it can also be a serious handicap. Years ago, when both Mao and Zhou Enlai were alive, Padma Desai, the Columbia University expert on Russia, was asked about China’s future growth prospects. She answered: it depends on whether Mao dies first or Zhao dies first – her point being that in a top-heavy system, growth paths can become unpredictable, and thus subject to volatility.

From his post on India or China?

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