Articles by G C da Costa

Environment G C da Costa International Environment and India's Economic Development by N A Sarma; Abhinav Publications (for Indian Council for Research on International Economic Relations), New Delhi, 1986; pp viii + 100, Rs 60.

India's Trade Balance during the Seventies G C da Costa IN her note (EPW, May 10) Neela Mukherjee has vehemently attacked my article on India's commodity trade balance over the period 1970-71 to 1981-82 (EPW, March 8-15). According to her "its theoretical formulations and empirical findings are weak and incoherent" and the article "has failed to provide any consistent analysis of India's trade balance" over the period considered. Neela Mukherjee's critique falls into three categories: First, the theoretical formulation of the problem; second, the approach to testing and the interpretation of the findings; finally, the conclusions. I will first, to the best of my understanding, indicate very briefly her objections at these three levels. In the latter part of this note I will try to answer them.

G C da Costa While the overall debt-service picture of developing countries is somewhat dismal, countries with 'critical debt-service burdens, such as Brazil, Argentina, Indonesia, Mexico, Tunisia, India, 'Pakistan, UAR and Yugoslavia, are few, However, among themare some of the more important of the less developed countries. Among them also are some of the more industrialised countries.

G C da Costa The devaluation of the rupee has served to illustrate a basic economic proposition, namely, that although a programme of economic development may allow for short term deficits in a country's external accounts, in the long run, external balance is absolutely necessary.