Lessons from Kaundanomics

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A story is told that a few years after independence in 1964, Kenneth Kaunda, Zambia鈥檚 first president, visited one of the mines in the mineral rich Copperbelt Province and was immediately struck by the complete absence of Zambians in senior management positions. He proceeded to ask the mine owners as to when they reasonably thought Zambians would be ready to occupy positions of influence within the country鈥檚 mining sector. With straight faces, the mine owners responded 鈥渘ot before 2003, Mr. President.鈥Read More »

How India can benefit from FDI: lessons from China

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by Ilan Strauss and Vasiliki Mavroeidi*

With the launch of India鈥檚 Make in India campaign, Karl P. Sauvant and Daniel Allman asked in their recent Perspective: 鈥溾, focusing on attracting FDI. However, the issue is not only attracting FDI, but benefitting from it fully. Liberalization alone will not enable Make in India to transform India into a manufacturing hub. Targeted industrial policies are required to ensure that FDI upgrades domestic capabilities.

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