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" ... That we would all prefer that children should not have to go out to work for a living is true. But that does not mean that making child labour illegal is the best manner of making this happen. Thus India is here making a mistake in the manner in which they are liberalising the rules around which children may work and where. The answer is that they should not be tinkering at the edges, as they are, but legalising the practice in full. As Bolivia has done. The reason this is so is the results of the very law that India is currently liberalising, the 1986 Child Labour Act. This placed a blanket ban on the use of child labour. So far so good we might think, but the perverse effect of the law was that the amount of child labour rose. ... "
" ... The IMF team praised some aspects of the liberalising agenda that was ushered in by Ronald Reagan and Margaret Thatcher in the 1980s, such as the expansion of trade and the increase in foreign direct investment. But it said other aspects of the programme had not delivered the expected improvements in economic performance. Looking specifically at removing barriers to flows of capital and plans to strengthen the public finances, the three IMF economists came up with conclusions that contradicted neoliberal theory. ... "