Publication

This paper looks at the economic policy decisions being made by the leaders of India and Pakistan during, what the author calls, very delicate political times. He warns that the leaders are using the level of everyday prices, rather the economic health and stability of their respective countries, as a measuring stick for their success. He discusses why this is a mistake, arguing that their electoral appeal will be determined by the rates of growth of national economies, not changes in prices, as they seem to assume.