Ajay Shah On 4 Pillars Of Industrial Policy, And Why They're All Bad | Ep 8 | FED Dialogues скачать в хорошем качестве

Ajay Shah On 4 Pillars Of Industrial Policy, And Why They're All Bad | Ep 8 | FED Dialogues

Ajay Shah, economist extraordinaire and author of the finest primer on public policy in India - 'In Service of the Republic' - believes everything is everything! It's more than just the 'catchy' name of his insightful podcast with Amit Varma. Ajay explained when he joined us for our own humble endeavour - FED Dialogues - that while the phrase is borrowed from Bruce Springsteen, it speaks to a deeper philosophy held by Ajay and Amit. "The whole world adds up to something together. We wanted to give a flavour of that interconnectedness about the world".  His conversation with FED Director Rahul Ahluwalia was a lot like that — everything! They touched on a myriad of topics, from looking at the private sector's flagging appetite for investment to categorising industrial policy into four pillars (and why he's unenthusiastic about all four) to what we can learn and what we must not learn from the China and Japan growth stories.  Watch the full video. Video Chapters 00:00 - Episode Highlights 02:20 - Ajay's personal connect with economic growth 05:10 - What is wrong with India's growth story? 07:50 - Too much central planning and private investment 10:20 - Four pillars of industrial policy 15:03 - Government placing bets with public money 18:37 - "I just want to question the arrogance..." 20:27 - Ethno-nationalism 21:20 - Indian firms vs global firms 30:04 - On Production-linked Incentives (PLI) 39:03 - Competition with China 43:33 - China's macroeconomic collapse 44:00 - Rise of Xi Jinping 59:00 - Story of Japan's growth and perils of industrial policy 1:07:00 - South Korea's unique growth story 1:10:00 - Why exports matter! Subscribe to our newsletter: https://fedev.us18.list-manage.com/su... Follow FED on Twitter: https://x.com/fedev_india LinkedIn:   / foundation-for-economic-development   Video Editor: Aditya Varier Produced by: Harshit Rakheja #indiaeconomy #news #indianeconomydevelopment #economicdevelopment #indiaeconomicforum #economicgrowth #indiagdp #AshishDhawan #TheConvergenceFoundation #FoundationforEconomicDevelopment #podcast