
Commentaries challenging Conventional Wisdom on Politics, Economics, and Culture through a critical and skeptical lens
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# Why India's Brain Drain is Actually a Bad Deal
Nations typically climb the value chain through a mix of methods: joint ventures, attracting foreign anchor FDI, leasing patents, and - quite often - imitation. Unofficially, the development mantra has always been “beg, borrow, and steal”. ...
The pharmaceutical patent cliff is a critical phenomenon that could significantly impact healthcare costs and drug availability in the coming years. Between now and 2030, drugs worth $200-250 billion in annual sales are set to lose patent p...
Turkish-American economist Daron Acemoglu, in his critically acclaimed book "Why Nations Fail," reasons that the quality of a nation's civilian institutions plays a central role in determining its socio-economic success, rather than the amo...
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