Tuesday, December 16, 2008

Kerala Model- highest suicide rate, unemployment etc

Shirin Shirin writes rather stupidly that “the Kerala model as a path to development? The answer may lie in when Kerala chose to follow this path. The 1960s and 1970s were before structural adjustment programs and free-market principles dominated the discourse of development economics. Kerala borrowed heavily - and still borrows - to finance its social investments. While other countries have made similar investments, IMF-backed austerity measures have rolled back those investments before they could bear fruit. Now that the age of Milton Friedman appears to be nearing its end, the world would do well to give Kerala another look.  

Only free market economics loath can say “the age of Milton Friedman appears to be nearing its end” 

However, “a study by two economists claims that a significant number of jobs are being created in the state by the private sector and by local entrepreneurs”.  

I mean essentially it is by the private sector that has created more jobs.

The cases of suicide are highest in Kerala-2004 and 2006.

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