The Daily Digest : 09-02-2023
Some posts I recently read and recommend
Indian Big Business
By Jairus Banaji
In this brilliant piece, Jairus Banaji traces the history of India’s ‘new capitalists’, the fall of old legacy family businesses, and the rise of new entrepreneurs in the 1980s that have always been close to the government.
What’s the secret sauce that lets some poor countries prosper?
By Joanne Lu
This article discusses Stefan Decron’s book ‘Gambling on Development: Why Some Countries Win and Others Lose’. Decron argues that countries prosper when the elites gamble on prosperity by making a long-term commitment to economic development through bold policy moves.