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Life in India is a series of bilateral negotiations
finding the new equilibrium for the next superpower
To skip a line, to find parking, to get your concierge to buy something, to negotiate a safari booking that needs to get changed, to get a customised menu to eat, to argue against an unjust traffic stop, it goes on and on. Daron Acemoglu, the famous economist who recently won the Nobel prize, has extensively talked abotu about the importance of institutions in economic development. Not just South Korea, Singapore and China, but also Brazil, with “jeitinho brasileiro” holding it back, Rwanda focusing on unity, Botswana on legal frameworks and reducing corruption.
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