......However, I would like to go beyond these perspectives and argue that there is an essential similarity between the two situations, which is critical to the prospects for the economy after the elections. In 1991, given the state of the economy leading up to the elections, the reform agenda was a matter of life and death. In retrospect, whoever came into office at the time would have been compelled to take many of the measures that the Congress government eventually took. That they were persisted with and......
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