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Brick by brick: Goodbye trade barriers

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June 2007


Old school economic journalists in India like to parallel the change in the country's attitude towards foreign trade to the often-silly quirks of its oversized bureaucracy.

Prior to India's 1991 economic reforms, the person in charge of imports and exports was the "comptroller". As the country's economy progressed, the title changed.

"They decided he had to go on to be the director of foreign trade because [a director] aids foreign trade," said T.S. ...

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