With the end of the Cold War,the former Soviet Union and its allies, as well as China, India, and Latin America, opened their closed markets to foreign invest-ment in a cascading fashion. Although this significant economic and social transformation has offered vast new growth opportunities for multinational corporations (MNCs), its promise has yet to be realized.

First, the prospect of millions of “middle-class” con-sumers in developing countries, clamoring for products from MNCs, was wildly oversold. It is the billions of aspiring poor who are joining the market economy for the first time...>> Read More

 
It is with great humility that I accept the Shri Lalbahadur Shastri National Award for Excellence in Public Administration and Management Sciences today. As the second Prime Minister of India, Shri Shastri made significant contributions. He understood the inadequacy of the Public Administrative system, a legacy of British rule. He created the Administrative Reforms Commission to make the system more responsive. It is his administration that created the “Green Revolution”. He understood the problem of population growth. He initiated grass root level family planning education....>> Read More