In our view, real reforms would constitute (1) deregulation of all controlled markets (fertilizer, food, fuel and power), (2) privatization of PSUs (through divestment of the Government’s stakes to below 50%), (3) privatization of state-owned power distribution entities, (4) reducing the role of Government in business through establishment of stable, transparent policies, (5) labor reforms, (6) land reforms, (7) overhauling the election system to reduce the role of money in elections and politics; the election process itself is quite transparent, (8) strengthening democratic institutions to reinforce faith in rule of law, (9) addressing corruption and (10) cutting excessive bureaucracy.
Monday, September 17, 2012
A wish list of real reforms; no dream is too big
In our view, real reforms would constitute (1) deregulation of all controlled markets (fertilizer, food, fuel and power), (2) privatization of PSUs (through divestment of the Government’s stakes to below 50%), (3) privatization of state-owned power distribution entities, (4) reducing the role of Government in business through establishment of stable, transparent policies, (5) labor reforms, (6) land reforms, (7) overhauling the election system to reduce the role of money in elections and politics; the election process itself is quite transparent, (8) strengthening democratic institutions to reinforce faith in rule of law, (9) addressing corruption and (10) cutting excessive bureaucracy.
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