Ashoka Mody ist Professor für Internationale Wirtschaftspolitik an der Princeton University. Seine Arbeit konzentriert sich auf globale Wirtschaftsfragen und internationale Finanzinstitutionen. Vor seiner Tätigkeit an der Universität hatte er bedeutende Positionen im Internationalen Währungsfonds inne, wo er zur Forschung und zu europäischen Angelegenheiten beitrug. Modys Analysen bieten tiefe Einblicke in die Funktionsweise der Weltwirtschaft und die Herausforderungen, vor denen sie steht.
Ashoka Mody, ein indischer Ökonom, beleuchtet kritisch die Herausforderungen Indiens trotz seines Wirtschaftsbooms. Er zeigt auf, dass nur eine Elite vom Wohlstand profitiert, während viele in Armut leben. Mody analysiert politische Fehlentscheidungen und entwirft eine Vision für ein gerechteres Indien.
In May 1950, European nations began creating a framework for cooperation and open trade to ensure peace after two devastating wars. However, in 1969, they made a questionable decision to adopt a single currency, necessitating a unified monetary policy for diverse economies. Critics warned this would lead to economic folly and political division, but leaders pressed on. By January 1999, the euro's tragic journey commenced. Blending economic analysis with political drama, this account explores the euro's flawed emergence as a compromise cloaked in pro-European rhetoric. Drawing from firsthand experience, the author situates the euro's challenges within a broader global context, detailing both forced and unforced errors made by eurozone authorities during the financial crisis. The euro's development has resulted in economic and political tragedy, stifling growth potential and exacerbating anxiety among financially vulnerable Europeans. It has deepened feelings of unfairness and widened divisions between nations. The burden of these structural flaws now falls on younger Europeans, who face a bleak future. A compassionate perspective on European possibilities suggests that rather than centralizing authority to maintain a rigid pro-European model, it is essential to loosen overly tight bonds to allow a more liberal order to thrive.
Then and now, an introduction -- Part I. Fake socialism, 1947-1964. An uncertain beginning -- The path not taken -- Nehru's dangerous gamble -- Nehru doubles his bet -- Tagore's unheard song -- Mr. Nehru's tragedy, democracy's first betrayal -- Part II. Violence, 1964-1984.Shastri's brave transition -- Through the ferment, a savior rises -- India has an empress -- Anger meets repression -- An autocratic gamble fails -- Democracy betrays again, deindustrialization begins -- When the violence came home -- Part III. The promise, 1985-2004. A pilot flies into political headwinds -- Rajiv unleashes the gale force of Hindu nationalism -- A all-too-brief moment of sanity -- The promise has a dark underbelly -- No, India does not shine -- Part IV. Hubris, 2005 to the present. As two Indias drift apart, democracy creaks -- Modi pushes the economy off the edge -- Modi breaks India's fractured democracy -- COVID-19 bares the moral decay -- Epilogue : a feasible idealism.