Back to Reforms JM The nation has so far avoided the devaluation-inflation- devaluation spiral that has wrecked Latin American economies. But the unimaginative policies being pursued since July 1991 have been continuously pointing towards that direction. And the underlying politics of it all suggests that a Latin American-type unconcern for the poor and for future generations is now the norm amongst our ruling elites.
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.