1. Greg Mankiw narrates this interesting story- The Magic Number 49.
2. The debate has always been there – Whether aid works or not? It has recently hotted up after this Arvind Subramanian article which says Aid has not been effective. Rodrik comments saying it is not whether aid works or not. What matters is how you can make it more effective. There are numerous instances of aid working and not working. So make it work.
3. ET has some good articles today-
a) Prithvi Haldea says we should not allow firms to list abroad. We should first develop our own capital markets by letting companies intermediate doemstic household savings via the market route and then go abroad. He says we may be talking of developed financial markets in India but reality is opposite. This article should raise some debate in India.
b) SS Aiyar shares his views on inequality.
c) Madan Sabnavis has an interesting article on huge credit growth in India.
4. BS has a nice debate on the hot topic- Should credit raters be rated? Any crisis, credit rating agencies are held at fault. Hightime something is done about them.