Inflation and Growth Relation with Perspectives from ASEAN countries

What is it about?

I've given a theoretical approach to begin with, by illustrating the theories of Adam Smith, Karl Marx & A.W. Phillips and their approaches towards inflation and how they fare in the current scenario. To substantiate his argument, I've used the data from World Bank Reports and highlighted the inverse and direct relationship of inflation and growth in the short run. I've also mentioned the case of Asian Powerhouses like Singapore and South Korea & how they managed to have an impressive growth rate with a manageable inflation rate and how this negates the assumptions of A.W. Phillips. I've also tried to throw some light on the reality of the growth story of India characterized by growing unemployment levels using data from NSSO to validate my point.

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Why is it important?

This is an evergreen topic and gives good pointers for subsequent research in this area

Perspectives