As India’s economy recovers from the coronavirus pandemic, Indian businesses need efficient financial structures to regain their ground. Key reforms to India’s Insolvency and Bankruptcy Code could fill these gaps.
Anirudh Burman
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Source: Carnegie
Summary
A new narrative about post-Soviet Russia is taking hold in policy, media, and academic circles and shows signs of entrenching as a new conventional wisdom. By this reading, Russia's experiment with democracy has flat-out failed. So misconceived and mismanaged were the political and economic reforms of the 1990s that they have fueled mass disenchantment with democratic norms and brought authoritarianism back into repute. Russians, in short, are said to be giving up on democracy.
In this working paper, Timothy J. Colton and Michael McFaul agree that Russian democratic institutions are performing miserably and that leaders, especially since Putin's ascent to power, have done much to compromise and erode democratic practices. Colton and McFaul's findings suggest, however, that the many and obvious limitations of Russia's political system are not caused by, or consistently reinforced by, popular attitudes toward democracy.
Click on link above for full text of this Carnegie Paper.Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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