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The Destruction of the Nation’s Productivity

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I support the basic idea of Mr Rajendra Rampersaud’s letter on total factor productivity (SN June 15). I cannot argue against Mr Rampersaud’s letter, except to note that I have some technical differences with respect to what can determine per capita income growth in the early stages of a country’s development.

The IMF after DSK

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By Harold James PRINCETON – How the mighty International Monetary Fund has fallen. More than a decade ago, the French magazine Paris Match carried a picture of the Fund’s then Managing Director, Michel Camdessus, with the title: “The Most Powerful Frenchman in the World.” Today, his successor, Dominique Strauss-Kahn (DSK), handcuffed and grave in ubiquitous front-page photos, is the most humiliated Frenchman in the world.

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