Tacitus Trap

The Covid-19 crisis has turned the world public opinion against China in ways that were unimaginable a few months ago. China is being widely held responsible for a cover-up and a delay in the global response to the virus. Country after country is rethinking its...

Bullwhip Effects

Almost anything that is bought in a store is trucked, or shipped in from some other part of the country or flown in from abroad. It is made from parts that come from somewhere else. That’s why, even before the coronavirus outbreak officially hit, and the demand began...

Algorithm Economy

The concept of algorithm economy is based on the algorithms that lead to sophisticated application designs. Algorithms have utility in machine learning, artificial intelligence, and such other processes in which software advances beyond its original programming with...

Randomised Controlled Trial

Introduction The term ‘randomised controlled trial’ (RCT) came to be used in the economic parlance due to the works of Economics Nobel laureates—Abhijit Banerjee, Esther Duflo (Massachusetts Institute of Technology), and Michael Kremer (Harvard University), who were...

India Losing the African Rice Market

Cheaper rice from China and Thailand has begun eating into India’s traditional markets in Africa. An increase in minimum support price (MSP) for paddy, strengthening the rupee against the dollar has turned the India rice expensive and hurt the shipments of non-basmati...
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