Author: Shekhar Shah
Publisher: SAGE Publications Pvt. Limited
ISBN: 9789352800001
Category : Business & Economics
Languages : en
Pages : 312
Book Description
The India Policy Forum (IPF) is India’s most prominent annual economic policy conference in the summer season of New Delhi and is organized by NCAER, the National Council of Applied Economic Research. The primary goal of the IPF is to promote original policy and empirical research on India, including policy-focused review articles that seek to define the best economic policy advice based on robust, empirical research. The annual IPF conference provides a unique combination of intense scholarship and expert commentary on commissioned research papers with a strong focus on policy. The revised papers and conference proceedings are published in this volume, including the comments of paper discussants and a summary of the floor discussion on each paper. This 2016-17 IPF volume brings together the papers presented at the 13th IPF Conference held on July 12-13, 2016. The paper by C. Badarinza, V. Balasubramaniam, and T. Ramadorai presents for the first time an integrated perspective on the balance sheet of Indian households. The paper by R Nagaraj and T. N. Srinivasan unpacks the analytical and data issues underlying the controversy surrounding India’s new GDP estimates. The paper by A. Adhvaryu, P. Bharadwaj, and S. Krumholz analyzes India’s experience with child health and development, and suggests how policy and programs can be made more effective in this vital area. The paper by S. Chatterjee and D. Kapur raises troubling questions about the performance of Indian agriculture and highlights six puzzles, related among other things to the political economy, trade, and productivity of Indian agriculture. The final paper synthesizes knowledge and weighs the evidence from an array of studies on India’s National Rural Employment Guarantee Scheme, the world’s largest workfare program.
India Policy Forum 2016–17
Author: Shekhar Shah
Publisher: SAGE Publications Pvt. Limited
ISBN: 9789352800001
Category : Business & Economics
Languages : en
Pages : 312
Book Description
The India Policy Forum (IPF) is India’s most prominent annual economic policy conference in the summer season of New Delhi and is organized by NCAER, the National Council of Applied Economic Research. The primary goal of the IPF is to promote original policy and empirical research on India, including policy-focused review articles that seek to define the best economic policy advice based on robust, empirical research. The annual IPF conference provides a unique combination of intense scholarship and expert commentary on commissioned research papers with a strong focus on policy. The revised papers and conference proceedings are published in this volume, including the comments of paper discussants and a summary of the floor discussion on each paper. This 2016-17 IPF volume brings together the papers presented at the 13th IPF Conference held on July 12-13, 2016. The paper by C. Badarinza, V. Balasubramaniam, and T. Ramadorai presents for the first time an integrated perspective on the balance sheet of Indian households. The paper by R Nagaraj and T. N. Srinivasan unpacks the analytical and data issues underlying the controversy surrounding India’s new GDP estimates. The paper by A. Adhvaryu, P. Bharadwaj, and S. Krumholz analyzes India’s experience with child health and development, and suggests how policy and programs can be made more effective in this vital area. The paper by S. Chatterjee and D. Kapur raises troubling questions about the performance of Indian agriculture and highlights six puzzles, related among other things to the political economy, trade, and productivity of Indian agriculture. The final paper synthesizes knowledge and weighs the evidence from an array of studies on India’s National Rural Employment Guarantee Scheme, the world’s largest workfare program.
Publisher: SAGE Publications Pvt. Limited
ISBN: 9789352800001
Category : Business & Economics
Languages : en
Pages : 312
Book Description
The India Policy Forum (IPF) is India’s most prominent annual economic policy conference in the summer season of New Delhi and is organized by NCAER, the National Council of Applied Economic Research. The primary goal of the IPF is to promote original policy and empirical research on India, including policy-focused review articles that seek to define the best economic policy advice based on robust, empirical research. The annual IPF conference provides a unique combination of intense scholarship and expert commentary on commissioned research papers with a strong focus on policy. The revised papers and conference proceedings are published in this volume, including the comments of paper discussants and a summary of the floor discussion on each paper. This 2016-17 IPF volume brings together the papers presented at the 13th IPF Conference held on July 12-13, 2016. The paper by C. Badarinza, V. Balasubramaniam, and T. Ramadorai presents for the first time an integrated perspective on the balance sheet of Indian households. The paper by R Nagaraj and T. N. Srinivasan unpacks the analytical and data issues underlying the controversy surrounding India’s new GDP estimates. The paper by A. Adhvaryu, P. Bharadwaj, and S. Krumholz analyzes India’s experience with child health and development, and suggests how policy and programs can be made more effective in this vital area. The paper by S. Chatterjee and D. Kapur raises troubling questions about the performance of Indian agriculture and highlights six puzzles, related among other things to the political economy, trade, and productivity of Indian agriculture. The final paper synthesizes knowledge and weighs the evidence from an array of studies on India’s National Rural Employment Guarantee Scheme, the world’s largest workfare program.
The India Policy Forum 2004
Author: Suman Bery
Publisher: Brookings Institution Press
ISBN: 9780815797623
Category : Business & Economics
Languages : en
Pages : 362
Book Description
A Brookings Institution Press and the National Council of Applied Economic Research publication The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. It provides a forum for addressing the scope, speed, and desirability of economic reforms within India and their fundamental impacts on the country's social and economic welfare. The IPF aims to nurture a global network of scholars interested in India's economic transformation. A joint publication of the National Council of Applied Economic Research in India and the Brookings Institution in the United States, the IPF provides a bridge between researchers in India and abroad. This inaugural issue contains highlights from a conference held in New Delhi in March 2004. Topics include: • India's Trade Reform: Progress, Impact, and Future Strategy • Should a U.S.-India Free Trade Agreement Be Part of India's Trade Strategy? • Foreign Inflows and Macroeconomic Policy in India • India's Experience with the Implementation of a Pegged Exchange Rate • The Challenges for Capital Account Convertibility in India • Banking Reform in India
Publisher: Brookings Institution Press
ISBN: 9780815797623
Category : Business & Economics
Languages : en
Pages : 362
Book Description
A Brookings Institution Press and the National Council of Applied Economic Research publication The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. It provides a forum for addressing the scope, speed, and desirability of economic reforms within India and their fundamental impacts on the country's social and economic welfare. The IPF aims to nurture a global network of scholars interested in India's economic transformation. A joint publication of the National Council of Applied Economic Research in India and the Brookings Institution in the United States, the IPF provides a bridge between researchers in India and abroad. This inaugural issue contains highlights from a conference held in New Delhi in March 2004. Topics include: • India's Trade Reform: Progress, Impact, and Future Strategy • Should a U.S.-India Free Trade Agreement Be Part of India's Trade Strategy? • Foreign Inflows and Macroeconomic Policy in India • India's Experience with the Implementation of a Pegged Exchange Rate • The Challenges for Capital Account Convertibility in India • Banking Reform in India
India Policy Forum 2021
Author: Poonam Gupta
Publisher: SAGE Publishing India
ISBN: 9354793789
Category : Business & Economics
Languages : en
Pages : 196
Book Description
The India Policy Forum (IPF) is India's most prominent annual economic policy conference in the summer season of New Delhi and is organized by NCAER, the National Council of Applied Economic Research. The primary goal of the IPF is to promote original policy and empirical research on India, including policy-focused review articles that seek to define the best economic policy advice based on robust, empirical research. The annual IPF conference provides a unique combination of intense scholarship and expert commentary on commissioned research papers with a strong focus on policy. The revised papers and conference proceedings are published in this volume, including the comments of paper discussants and a summary of the floor discussion on each paper.
Publisher: SAGE Publishing India
ISBN: 9354793789
Category : Business & Economics
Languages : en
Pages : 196
Book Description
The India Policy Forum (IPF) is India's most prominent annual economic policy conference in the summer season of New Delhi and is organized by NCAER, the National Council of Applied Economic Research. The primary goal of the IPF is to promote original policy and empirical research on India, including policy-focused review articles that seek to define the best economic policy advice based on robust, empirical research. The annual IPF conference provides a unique combination of intense scholarship and expert commentary on commissioned research papers with a strong focus on policy. The revised papers and conference proceedings are published in this volume, including the comments of paper discussants and a summary of the floor discussion on each paper.
Transforming Agriculture in South Asia
Author: Ashok K. Mishra
Publisher: Routledge
ISBN: 1000336271
Category : Business & Economics
Languages : en
Pages : 431
Book Description
Debates about public expenditure in the agricultural sector have reopened in many developing and emerging economies because of high budget deficits and changes in public opinion. As a result, agricultural policy in many of these countries is beginning to take a more market-oriented approach to agrarian problems, most notably through the introduction of contract farming. This book explores the policy issues around contract farming and its transformative potential and addresses the lack of empirical research on this topic by focusing on South Asia: principally India, Bangladesh and Nepal. The book first addresses the effects of contract farming (vertical coordination) on productivity, food security indicators (yield, consumption expenditures, prices), employment and input usage. Then it draws lessons from the South Asian case studies on the impact of institutional changes, like contract farming, on income and food security of smallholder households. The core of the book includes case study chapters on several commodities that are produced under contract farming, including vegetables and fisheries in Bangladesh, low-value crops in Nepal and coffee in India. Other chapters also explore contracts, storage, input usage and technical efficiency in these cases. This book serves as an essential guide to academics, researchers, students, legislative liaisons and think tank groups interested in agrarian issues, agricultural economics and agricultural policy in emerging economies and particularly in South Asia.
Publisher: Routledge
ISBN: 1000336271
Category : Business & Economics
Languages : en
Pages : 431
Book Description
Debates about public expenditure in the agricultural sector have reopened in many developing and emerging economies because of high budget deficits and changes in public opinion. As a result, agricultural policy in many of these countries is beginning to take a more market-oriented approach to agrarian problems, most notably through the introduction of contract farming. This book explores the policy issues around contract farming and its transformative potential and addresses the lack of empirical research on this topic by focusing on South Asia: principally India, Bangladesh and Nepal. The book first addresses the effects of contract farming (vertical coordination) on productivity, food security indicators (yield, consumption expenditures, prices), employment and input usage. Then it draws lessons from the South Asian case studies on the impact of institutional changes, like contract farming, on income and food security of smallholder households. The core of the book includes case study chapters on several commodities that are produced under contract farming, including vegetables and fisheries in Bangladesh, low-value crops in Nepal and coffee in India. Other chapters also explore contracts, storage, input usage and technical efficiency in these cases. This book serves as an essential guide to academics, researchers, students, legislative liaisons and think tank groups interested in agrarian issues, agricultural economics and agricultural policy in emerging economies and particularly in South Asia.
Industrialisation for Employment and Growth in India
Author: R. Nagaraj
Publisher: Cambridge University Press
ISBN: 100903233X
Category : Business & Economics
Languages : en
Pages : 306
Book Description
India initiated liberal economic reforms in 1991 to transform a slow-growing, state-led economy into an open, export-oriented industrialising economy. Though economic growth has accelerated, industrialisation has suffered from the manufacturing sector's share and labour intensive sectors failing to improve in India's exports. The government launched the Make in India initiative in 2015 aimed at raising the manufacturing sector's share in GDP to 25 percent, and to create an additional 100 million jobs by 2022. Though official estimates show an optimistic image of small scale industries, they do not explain why India failed to boost industrial production as expected of the reforms. Why did they fail to keep the domestic market, let alone expand exports? What would it take to meet the ambitious policy goals of the initiative? This book attempts to address these questions. It looks at a series of case studies of the small industry to obtain an in-depth understanding of specific industries and locations to draw meaningful conclusions.
Publisher: Cambridge University Press
ISBN: 100903233X
Category : Business & Economics
Languages : en
Pages : 306
Book Description
India initiated liberal economic reforms in 1991 to transform a slow-growing, state-led economy into an open, export-oriented industrialising economy. Though economic growth has accelerated, industrialisation has suffered from the manufacturing sector's share and labour intensive sectors failing to improve in India's exports. The government launched the Make in India initiative in 2015 aimed at raising the manufacturing sector's share in GDP to 25 percent, and to create an additional 100 million jobs by 2022. Though official estimates show an optimistic image of small scale industries, they do not explain why India failed to boost industrial production as expected of the reforms. Why did they fail to keep the domestic market, let alone expand exports? What would it take to meet the ambitious policy goals of the initiative? This book attempts to address these questions. It looks at a series of case studies of the small industry to obtain an in-depth understanding of specific industries and locations to draw meaningful conclusions.
Accelerating India's Development
Author: Karthik Muralidharan
Publisher: Penguin Random House India Private Limited
ISBN: 9357087656
Category : Business & Economics
Languages : en
Pages : 577
Book Description
Seventy-five years after Independence, India has much to be proud of. We are both the world’s biggest democracy and fastest-growing large economy. Yet, we face profound challenges that hinder both individual well-being and aggregate growth, including education and skills, health and nutrition, public safety, justice, social protection, and jobs. This seminal book systematically analyses India’s governance challenges, especially in delivering essential public services, and highlights how these are limiting India’s development. Drawing on a wealth of research and practical insights, it provides actionable, evidence-based strategies, emphasizing state-level reforms as critical for India’s advancement. Accelerating India’s Development is addressed to all Indians—leaders, officials, entrepreneurs, teachers, students, citizens, and civil society—and provides an urgent call to action. It argues that building an effective state is the great unfinished task of Indian democracy, because quality public services are key to translating the political equality of ‘One Person, One Vote’ into greater equality of opportunity for all Indians. Every chapter showcases the author’s dedication to bridging the gap between scholarly research, public understanding, and actionable governance. This book is a testament to cautious optimism and the belief that with the right public systems in place, India’s next twenty-five years can be a period of unprecedented growth and societal enrichment.
Publisher: Penguin Random House India Private Limited
ISBN: 9357087656
Category : Business & Economics
Languages : en
Pages : 577
Book Description
Seventy-five years after Independence, India has much to be proud of. We are both the world’s biggest democracy and fastest-growing large economy. Yet, we face profound challenges that hinder both individual well-being and aggregate growth, including education and skills, health and nutrition, public safety, justice, social protection, and jobs. This seminal book systematically analyses India’s governance challenges, especially in delivering essential public services, and highlights how these are limiting India’s development. Drawing on a wealth of research and practical insights, it provides actionable, evidence-based strategies, emphasizing state-level reforms as critical for India’s advancement. Accelerating India’s Development is addressed to all Indians—leaders, officials, entrepreneurs, teachers, students, citizens, and civil society—and provides an urgent call to action. It argues that building an effective state is the great unfinished task of Indian democracy, because quality public services are key to translating the political equality of ‘One Person, One Vote’ into greater equality of opportunity for all Indians. Every chapter showcases the author’s dedication to bridging the gap between scholarly research, public understanding, and actionable governance. This book is a testament to cautious optimism and the belief that with the right public systems in place, India’s next twenty-five years can be a period of unprecedented growth and societal enrichment.
India
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1484373219
Category : Business & Economics
Languages : en
Pages : 45
Book Description
This Selected Issues paper discusses various aspects of goods and service tax (GST) on India’s tax policy. Dual rate structure with a low standard rate and an additional higher rate on select items can be progressive and preserve revenue neutrality, while streamlining exemptions would further contribute to progressivity and reduce compliance and administrative costs. Simplifying the GST is possible without imposing a significantly higher burden on the poor. There are likely significant benefits from lower costs of compliance and administration. The literature on value added tax (VAT) compliance costs shows that there is broad variation across countries; however, there is a consensus that compliance costs are regressive and administrative costs increase with complexity. While evidence on India is nascent and remains to be assessed as experience with the GST is gained, anecdotal evidence from large firms indicates sizable increases in costs, which may be even more burdensome for smaller firms. Streamlined rates would also weaken incentives to lobby for lower rates.
Publisher: International Monetary Fund
ISBN: 1484373219
Category : Business & Economics
Languages : en
Pages : 45
Book Description
This Selected Issues paper discusses various aspects of goods and service tax (GST) on India’s tax policy. Dual rate structure with a low standard rate and an additional higher rate on select items can be progressive and preserve revenue neutrality, while streamlining exemptions would further contribute to progressivity and reduce compliance and administrative costs. Simplifying the GST is possible without imposing a significantly higher burden on the poor. There are likely significant benefits from lower costs of compliance and administration. The literature on value added tax (VAT) compliance costs shows that there is broad variation across countries; however, there is a consensus that compliance costs are regressive and administrative costs increase with complexity. While evidence on India is nascent and remains to be assessed as experience with the GST is gained, anecdotal evidence from large firms indicates sizable increases in costs, which may be even more burdensome for smaller firms. Streamlined rates would also weaken incentives to lobby for lower rates.
The Fourth Industrial Revolution
Author: Klaus Schwab
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194
Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194
Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
The Politics of Fossil Fuel Subsidies and Their Reform
Author: Harro van Asselt
Publisher: Cambridge University Press
ISBN: 110826607X
Category : Political Science
Languages : en
Pages :
Book Description
Fossil fuel subsidies strain public budgets, and contribute to climate change and local air pollution. Despite widespread agreement among experts about the benefits of reforming fossil fuel subsidies, repeated international commitments to eliminate them, and valiant efforts by some countries to reform them, they continue to persist. This book helps explain this conundrum, by exploring the politics of fossil fuel subsidies and their reform. Bringing together scholars and practitioners, the book offers new case studies both from countries that have undertaken subsidy reform, and those that have yet to do so. It explores the roles of various intergovernmental and non-governmental institutions in promoting fossil fuel subsidy reform at the international level, as well as conceptual aspects of fossil fuel subsidies. This is essential reading for researchers and practitioners, and students of political science, international relations, law, public policy, and environmental studies. This title is also available as Open Access.
Publisher: Cambridge University Press
ISBN: 110826607X
Category : Political Science
Languages : en
Pages :
Book Description
Fossil fuel subsidies strain public budgets, and contribute to climate change and local air pollution. Despite widespread agreement among experts about the benefits of reforming fossil fuel subsidies, repeated international commitments to eliminate them, and valiant efforts by some countries to reform them, they continue to persist. This book helps explain this conundrum, by exploring the politics of fossil fuel subsidies and their reform. Bringing together scholars and practitioners, the book offers new case studies both from countries that have undertaken subsidy reform, and those that have yet to do so. It explores the roles of various intergovernmental and non-governmental institutions in promoting fossil fuel subsidy reform at the international level, as well as conceptual aspects of fossil fuel subsidies. This is essential reading for researchers and practitioners, and students of political science, international relations, law, public policy, and environmental studies. This title is also available as Open Access.
India Connected
Author: Ravi Agrawal
Publisher: Oxford University Press
ISBN: 0190858672
Category : History
Languages : en
Pages : 241
Book Description
India is connecting at a dizzying pace. In 2000, roughly 20 million Indians had access to the internet. In 2017, 465 million were online, with three new people logging on for the first time every second. By 2020, the country's online community is projected to exceed 700 million; more than a billion Indians are expected to be online by 2025. While users in Western countries progressed steadily over the years from dial-up connections on PCs, to broadband access, wireless, and now 4G data on phones, in India most have leapfrogged straight into the digital world with smartphones and affordable data plans. What effect is all this having on the ancient and traditionally rural culture dominated by family and local customs? Ravi Agrawal explores that very question, seeking out the nexuses of change and those swept up in them. Smartphones now influence arranged marriages, create an extension of one's social identity that moves beyond caste, bring within reach educational opportunities undreamed of a generation ago, bridge linguistic gaps, provide outlets and opportunities for start-ups, and are helping to move the entire Indian economy from cash- to credit-based. The effects are everywhere, and they are transformative. While they offer immediate access to so much for so many, smartphones are creating no utopia in a culture still struggling with poverty, illiteracy, corruption, gender inequality, and income disparity. Internet access has provided greater opportunities to women and altered how India's outcasts interact with the world; it has also made pornography readily available and provided an echo chamber for rumor and prejudice. Under a government determined to control content, it has created tensions. And in a climate of hypernationalism, it has fomented violence and even terrorism. The influence of smartphones on the world's largest democracy is pervasive and irreversible, disruptive and creative, unsettling and compelling. Agrawal's fascinating book gives us the people and places reflecting what the internet hath wrought. India Connected reveals both its staggering dimensions and implications, illuminating how it is affecting the progress of progress itself.
Publisher: Oxford University Press
ISBN: 0190858672
Category : History
Languages : en
Pages : 241
Book Description
India is connecting at a dizzying pace. In 2000, roughly 20 million Indians had access to the internet. In 2017, 465 million were online, with three new people logging on for the first time every second. By 2020, the country's online community is projected to exceed 700 million; more than a billion Indians are expected to be online by 2025. While users in Western countries progressed steadily over the years from dial-up connections on PCs, to broadband access, wireless, and now 4G data on phones, in India most have leapfrogged straight into the digital world with smartphones and affordable data plans. What effect is all this having on the ancient and traditionally rural culture dominated by family and local customs? Ravi Agrawal explores that very question, seeking out the nexuses of change and those swept up in them. Smartphones now influence arranged marriages, create an extension of one's social identity that moves beyond caste, bring within reach educational opportunities undreamed of a generation ago, bridge linguistic gaps, provide outlets and opportunities for start-ups, and are helping to move the entire Indian economy from cash- to credit-based. The effects are everywhere, and they are transformative. While they offer immediate access to so much for so many, smartphones are creating no utopia in a culture still struggling with poverty, illiteracy, corruption, gender inequality, and income disparity. Internet access has provided greater opportunities to women and altered how India's outcasts interact with the world; it has also made pornography readily available and provided an echo chamber for rumor and prejudice. Under a government determined to control content, it has created tensions. And in a climate of hypernationalism, it has fomented violence and even terrorism. The influence of smartphones on the world's largest democracy is pervasive and irreversible, disruptive and creative, unsettling and compelling. Agrawal's fascinating book gives us the people and places reflecting what the internet hath wrought. India Connected reveals both its staggering dimensions and implications, illuminating how it is affecting the progress of progress itself.