The New Wealth of Nations

Surjit S. Bhalla is managing director of Oxus Research and Investments, a New Delhi-based economic research, asset management and emerging-markets advisory firm. He taught at the Delhi School of Economics and held various positions at the Rand Corporation, the Brookings Institute, the research and treasury departments of the World Bank, Goldman Sachs (1992-94) and Deutsche Bank (1994-96). He is the author of research papers on a wide range of topics including farm productivity and agricultural policy; poverty and inequality; the determinants of growth, with emphasis on the separate roles of economic and political freedom; inflation and capital account convertibility; and determination of interest rates, exchange rates and stock prices. He is also a regular contributor to newspapers and magazines on economics, politics and cricket.