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...Eswar Prasad, a Cornell economist, and his coauthors have found that many countries have “decoupled” from the global economy in the past 20 years. Their prosperity now depends much more on the situation of countries like them, not on the global market as a whole. Business cycles in the last two decades tended to have an impact on groups of countries but not on the entire world...

Author: By Jan Zilinsky | Title: Lessons from the Financial Crisis | 10/7/2008 | See Source »

...anyone, she turned up later that day at a five-star hotel in the Indian capital New Delhi for a second celebration. "If you've come from nothing and then make money, it's a very understandable psychological drive to want to openly spend it," says Chandra Bhan Prasad, a pioneering Dalit newspaper columnist. That's especially true, says Prasad, if you feel unwelcome by the traditional ruling classes: "There is still a feeling among many in the upper-caste Hindu élite that she's not acceptable...

Author: /time Magazine | Title: Queen of the Dalits | 4/3/2008 | See Source »

...States right after World War II,” Paul said. “And when you remember the long bull run of the postwar era, you realize that current Indian growth is only in its early innings, despite how much the economy has already grown.” Prasad R. Menon, a managing director at Tata Power who participated in a panel on expanding India’s energy production, described the current situation in India: Energy is in constant shortage as demand continues to expand. Menon blamed the government for not providing entrepreneurs in the energy sector with...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Experts on India Speak at HBS | 3/17/2008 | See Source »

...first time this weekend in a two-part event to discuss the concepts of nirvana, the Buddhist term that describes perfect peace of mind, and moksha, the Hindu concept of self-realization and liberation from worldly existence. One of the differences between the two concepts, according to Rohan V. Prasad ’10, the spokesman for Dharma, is that nirvana can be achieved instantaneously and in daily life, whereas moksha is more of an end-of-life aspiration. “Both ideas are the ultimate goals for each religion,” Prasad said. At the first part...

Author: By Jihae Lee, CONTRIBUTING WRITER | Title: Campus Groups Discuss Nirvana | 3/3/2008 | See Source »

...many people credit with rail's comeback is Minister Lalu Prasad Yadav. Known only as Lalu to his energetic supporters in the poor northern state of Bihar, Yadav is a controversial figure. He is adored by millions as a man of the people because he is of a lower caste - a rarity among politicians. Yet he is routinely vilified by his many detractors who claim his term as Chief Minister of Bihar was characterized by mismanagement and corruption. When he became Rail Minister in 2004, Yadav asked Kumar and his team to run the system on sounder business principles, even...

Author: /time Magazine | Title: Working on the Railroad | 2/28/2008 | See Source »

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