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As a competitive intelligence professional in an emerging economy, documentation is my pet peeve. Business and economic growth in developing economies will be higher with greater transparency and information, all other things remaining unchanged. The argument is simple. Under-documentation is a big impediment to decision making. It makes informed decision making very expensive. This means that I am referring to Dr. Kaushik Basu, the Cornell University Economics professor who recently took charge as the Chief Economic Adviser to the government of India. I am also referring to the introductory passage of a lecture essay written by Dr. Basu 2 years back (while at Cornell) on India’s growth politics that The World Economic Forum’s India Economic Summit 2009 is underway in New Delhi. A host of ideas – economic and social including growth dynamics, sustainable development, education, climate change, governance issues and investments, will be on the discussion agenda to answer if, how and when India can become an economic super power and to map |
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