WorldCat Identities

Subramanian, Arvind

Works: 131 works in 470 publications in 1 language and 3,611 library holdings
Genres: Criticism, interpretation, etc 
Roles: Editor
Classifications: HC427.95, 330.951
Publication Timeline
Publications about  Arvind Subramanian Publications about Arvind Subramanian
Publications by  Arvind Subramanian Publications by Arvind Subramanian
Most widely held works by Arvind Subramanian
Eclipse living in the shadow of China's economic dominance by Arvind Subramanian ( )
8 editions published in 2011 in English and held by 927 WorldCat member libraries worldwide
In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China's economic dominance is a present-day reality rather than a faraway possibility? What if the renminbi's takeover of the dollar as the world's reserve currency is not decades, but mere years, away? And what if the United States's economic pre-eminence is not, as many economists and policymakers would like to believe, in its own hands, but China's to determine? Subramanian's analysis is based on a new index of economic dominance grounded in a historical perspective. His examination makes use of real-world examples, comparing China's rise with the past hegemonies of Great Britain and the United States. His attempt to quantify and project economic and currency dominance leads him to the conclusion that China's dominance is not only more imminent, but also broader in scope, and much larger in magnitude, than is currently imagined. He explores the profound effect this might have on the United States, as well as on the global financial and trade system. Subramanian concludes with a series of policy proposals for other nations to reconcile China's rise with continued openness in the global economic order, and to insure against China becoming a malign hegemon
Trade and trade policies in eastern and southern Africa by Arvind Subramanian ( Book )
11 editions published in 2000 in English and held by 383 WorldCat member libraries worldwide
Since the early 1990s, many countries in sub-Saharan Africa have made significant progress in opening their economies to external competition through trade and currency liberalization. This paper analyzes trade and policy developments for 22 countries in eastern and southern Africa, looks at regional and multilateral integration issues, and reflects on the main challenges these countries face in the new decade. It addresses the main trade policy issues for these countries and suggests possible actions they and their trading partners could follow
Who needs to open the capital account by Olivier Jeanne ( Book )
5 editions published in 2012 in English and held by 204 WorldCat member libraries worldwide
Most countries emerged from the Second World War with capital accounts that were closed to the rest of the world. Since then, a process of capital account opening has occurred, with the result that all developed and many emerging-market countries now have capital accounts that are both de facto and de jure open, while many developing countries also have de facto openness. This study examines this in part by considering some of the first lessons from the current global financial crisis. This crisis may change the terms of the debate on capital account liberalization in a deeper and more lasting way than any of the crises of the past two decades because it may mark a reversal in the secular trend of financial liberalization at the core of the international financial system. The current crisis also raises new questions about the appropriate policy responses to boom-bust dynamics in domestic credit and in international credit flows. Intellectual consistency is needed between the domestic and international dimensions of financial regulation and the policies aimed at dealing with boom-bust dynamics in domestic and international credit
Greenprint : a new approach to cooperation on climate change by Aaditya Mattoo ( Book )
8 editions published between 2012 and 2013 in English and held by 190 WorldCat member libraries worldwide
Beleaguered by mutual recrimination between rich and poor countries, squeezed by the zero-sum arithmetic of a shrinking global carbon budget, and overtaken by shifts in economic and hence bargaining power between these countries, international cooperation on climate change has floundered. Given these three factors --which Arvind Subramanian and Aaditya Mattoo call the "narrative," "adding up," and "new world" problems --the wonder is not the current impasse; it is, rather, the belief that progress might be possible at all. In this book, the authors argue that any chance of progress must address each of these problems in a radically different way. First, the old narrative of recrimination must cede to a narrative based on recognition of common interests. Second, leaders must shift the focus away from emissions cuts to technology generation. Third, the old "cash-for-cuts" approach must be abandoned for one that requires contributions from all countries calibrated in magnitude and form to their current level of development and future prospects
India's turn : understanding the economic transformation by Arvind Subramanian ( Book )
10 editions published between 2008 and 2009 in English and held by 151 WorldCat member libraries worldwide
On economic policies pursued in Indian economy post 1991 watershed year; articles co-authored with many other writers
The WTO promotes trade, strongly but unevenly by Arvind Subramanian ( Book )
24 editions published between 2003 and 2009 in English and held by 121 WorldCat member libraries worldwide
"Contrary to the recent literature that concludes that the GATT/WTO has been completely ineffective in promoting world trade, this paper furnishes robust evidence that the institution has had a powerful and positive impact on trade. The impact has, however, been uneven. GATT/WTO membership for industrial countries has been associated with a large increase in imports estimated at about 44 percent of world trade. The same has not been true for developing country members, although those that joined after the Uruguay Round have benefited from increased imports. Similarly, there has been an asymmetric impact between sectors. These results are consistent with the history and design of the institution"--NBER website
From "Hindu growth" to productivity surge : the mystery of the Indian growth transition by Dani Rodrik ( Book )
20 editions published in 2004 in English and held by 105 WorldCat member libraries worldwide
"Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the liberalization of 1991. This paper demonstrates that the transition to high growth occured around 1980, a full decade before economic liberalization. We investigate a number of hypotheses about the causes of this growth favorable external environment, fiscal stimulus, trade liberalization, internal liberalization, the green revolution, public investment and find them wanting. We argue that growth was triggered by an attitudinal shift on the part of the national government towards a pro-business (as opposed to pro-liberalization) approach. We provide some evidence that is consistent with this argument. We also find that registered manufacturing built up in previous decades played an important role in influencing the pattern of growth across the Indian states"--National Bureau of Economic Research web site
Addressing the natural resource curse : an illustration from Nigeria by Xavier Sala-i-Martin ( Book )
15 editions published in 2003 in English and held by 100 WorldCat member libraries worldwide
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance
Institutions rule : the primacy of institutions over geography and integration in economic development by Dani Rodrik ( Book )
16 editions published in 2002 in English and held by 95 WorldCat member libraries worldwide
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the wrong' (i.e., negative) sign, although trade too has a positive effect on institutional quality. We relate our results to recent literature, and where differences exist, trace their origins to choices on samples, specification, and instrumentation
Aid and growth : what does the cross-country evidence really show? by Raghuram Rajan ( Book )
11 editions published in 2005 in English and held by 89 WorldCat member libraries worldwide
"We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for thebias that aid typically goes to poorer countries, or to countries after poor performance. Even after thiscorrection, we find little robust evidence of a positive (or negative) relationship between aid inflowsinto a country and its economic growth. We also find no evidence that aid works better in betterpolicy or geographical environments, or that certain forms of aid work better than others. Ourfindings, which relate to the past, do not imply that aid cannot be beneficial in the future. But theydo suggest that for aid to be effective in the future, the aid apparatus will have to be rethought. Ourfindings raise the question: what aspects of aid offset what ought to be the indisputable growthenhancing effects of resource transfers? Thus, our findings support efforts under way at national andinternational levels to understand and improve aid effectiveness"--National Bureau of Economic Research web site
What undermines aid's impact on growth? by Raghuram Rajan ( Book )
13 editions published in 2005 in English and held by 84 WorldCat member libraries worldwide
We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We look for a possible offset to the beneficial effects of aid, using a methodology that exploits both cross-country and within-country variation. We find that aid inflows have systematic adverse effects on a country's competitiveness, as reflected in a decline in the share of labor intensive and tradable industries in the manufacturing sector. We find evidence suggesting that these effects stem from the real exchange rate overvaluation caused by aid inflows. By contrast, private-to-private flows like remittances do not seem to create these adverse effects. We offer an explanation why and conclude with a discussion of the policy implications of these findings
The prospects for sustained growth in Africa benchmarking the constraints by Simon Johnson ( )
14 editions published in 2007 in English and held by 80 WorldCat member libraries worldwide
A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems-broad institutions, macroeconomic stability, trade openness, education, and inequality-may not now be binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate-especially the need to avoid overvaluation
The Africa Growth and Opportunity Act and its Rules of Origin generosity undermined? by Aaditya Mattoo ( )
15 editions published in 2002 in English and held by 65 WorldCat member libraries worldwide
This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. The AGOA expands the scope of preferential access of Africa's exports to the United States in key areas such as clothing. However, its medium term benefits estimated at about US$100-$140 million, an 8 11 percent addition to current non-oil exports would have been nearly five times greater (US$540 million) if no restrictive conditions had been imposed on the terms of market access. The most important of these conditions are the rules of origin with which African exporters of clothing must comply to benefit from duty-free access
India and the multilateral trading system after Seattle : toward a proactive role by Aaditya Mattoo ( Book )
8 editions published in 2000 in English and held by 59 WorldCat member libraries worldwide
Mattoo and Subramanian argue that india should engage more actively in the multilateral trading system, to help facilitate and consolidate domestic reform and to gain access to export markets for India's goods and services
Measuring services trade liberalization and its impact on economic growth an illustration by Aaditya Mattoo ( Book )
7 editions published in 2001 in English and held by 59 WorldCat member libraries worldwide
Countries that fully liberalize their telecommunications and financial services sectors may be able to expect economic growth rates up to 1.5 percentage point higher than rates in other countries
Foreign capital and economic growth by Eswar Prasad ( )
6 editions published in 2007 in English and held by 41 WorldCat member libraries worldwide
We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current account balances and growth among nonindustrial countries, implying that a reduced reliance on foreign capital is associated with higher growth. This result is weaker when we use panel data rather than cross-sectional averages over long periods of time, but in no case do we find any evidence that an increase in foreign capital inflows directly boosts growth. What explains these results, which are contrary to the predictions of conventional theoretical models? We provide some evidence that even successful developing countries have limited absorptive capacity for foreign resources, either because their financial markets are underdeveloped, or because their economies are prone to overvaluation caused by rapid capital inflows
The Egyptian stabilization experience : an analytical retrospective by Arvind Subramanian ( Book )
11 editions published in 1997 in English and held by 40 WorldCat member libraries worldwide
Egypt is well embarked on a reform effort aimed at placing the economy on a higher growth trajectory that would durably raise living standards, reverse the rising tide of unemployment, reduce the level of poverty, and facilitate Egypt's accelerated integration in the world economy. These objectives are to be achieved through a program that would build on the macroeconomic stability attained in the last few years and which envisions the acceleration of structural reforms, encompassing privatization, trade liberalization, deregulation, fiscal reform, and strengthening of the financial sector. To ensure a strong enabling environment for these reforms, it is important to understand, assess, and draw lessons from Egypt's success in macroeconomic stabilization, not least because continuing stabilization forms the sine qua non for the growth phase
Currency undervaluation and sovereign wealth funds a new role for the World Trade Organization by Aaditya Mattoo ( )
9 editions published in 2008 in English and Undetermined and held by 38 WorldCat member libraries worldwide
Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds - require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund has not been effective in dealing with undervalued exchange rates. This paper proposes new rules in the World Trade Organization to discipline cases of significant undervaluation that are clearly attributable to government action. The rationale for WTO involvement is that there are large trade consequences of undervalued exchange rates, which act as both import tariffs and export subsidies, and that the WTO's enforcement mechanism is credible and effective. The World Trade Organization would not be involved in exchange rate management, and would not displace the International Monetary Fund. Rather, the authors suggest ways to harness the comparative advantage of the two institutions, with the International Monetary Fund providing the essential technical expertise in the World Trade Organization's enforcement process. There is a bargain to be struck between countries with sovereign wealth funds, which want secure and liberal access for their capital, and capital-importing countries, which have concerns about the objectives and operations of sovereign wealth funds. The World Trade Organization is the natural place to strike this bargain. Its General Agreement on Trade in Services, already covers investments by sovereign wealth funds, and other agreements offer a precedent for designing disciplines for these funds. Placing exchange rates and sovereign wealth funds on the trade negotiating agenda may help revive the Doha Round by rekindling the interest of a wide variety of groups
New dimensions in the study of Tamil culture : 60th birthday felicitation volume of Prof. N. Vanamamalai, M.A., L.T. ( Book )
3 editions published in 1978 in English and held by 38 WorldCat member libraries worldwide
What would a development-friendly WTO architecture really look like? by Aaditya Mattoo ( Book )
8 editions published in 2003 in English and held by 35 WorldCat member libraries worldwide
This paper elaborates on a number of key principles that need to underpin a coherent and development-friendly architecture for the WTO. The key principles include enlarging the scope of WTO bargaining to include labor flows as well as capital flows; creating a structure that would provide a balance between furthering liberalization and providing some discretion or policy space to accommodate the inevitable political constraints; and minimizing the extent of regulatory harmonization. These principles, while applicable to all countries, may have less immediate relevance in addressing the problems of the least developed countries
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Alternative Names
Arvind Subramanian.
Subramanian, Mr.
English (221)