{"id":21677,"date":"2019-01-14T14:51:43","date_gmt":"2019-01-14T14:51:43","guid":{"rendered":"https:\/\/thepubliceconomist.com\/?p=21677"},"modified":"2019-01-26T17:29:30","modified_gmt":"2019-01-26T17:29:30","slug":"why-is-assam-poor","status":"publish","type":"post","link":"https:\/\/thepubliceconomist.com\/?p=21677","title":{"rendered":"WHY IS ASSAM \u201cPOOR\u201d ?"},"content":{"rendered":"

Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy.<\/p>\n

The economy of Assam is undoubtedly in a struggling stage. But is it due to lack of Central Government support? Infact no. Assam including other North Eastern states had received \u201cspecial category\u201d status under 13th Finance Commission. There is a special DoNER ministry for the development of NE region including Assam. Every policy framework and government programme has special incentives and aid for Assam. Yet it is \u201cpoor\u201d. Thus my question \u2013 Why?<\/p>\n

Surprisingly too much support and grants from the centre is infact a reason for its poor economy and struggling state taxation systems. This has been discussed in details in Economic Survey 2016\u201317.\u00a0An extract from the survey about too much aid says-<\/p>\n

\n

One hypothesis is that aid perpetuates resource dependency, in the sense that since revenues flow in from outside, recipient states may fail to develop their own tax bases or their institutions more generally. And it is institutions, tax revenues, and incentives that have been found to be critical for growth, much more than overall resource availability. Many economists, including Brautigam and Knack (2004), Azam, Devarajan, and O\u2019Connell (1997), and Adam and O\u2019Connell (1999) document such effects.<\/p>\n<\/blockquote>\n

Assam since independence has been heavily dependent on external aid from the Centre for its financial resources. Now that the Central government is trying to rationalize its expenditures in order to reduce fiscal deficits, the special aids have been limited and thus the grey areas of the unsustainable economic model of Assam has surfaced.<\/p>\n

One may also argue that Assam is rich in resources including oil, petroleum, tea etc, then why is it that we are still \u201cpoor\u201d? The Economic Survey answers this issue in the following paragraphs<\/p>\n

\n

\u201cAnother potential downside of aid is that it could trigger \u201cDutch disease\u201d, named after the impact that discovery of natural gas in the North Sea had on the domestic economy in the Netherlands. This windfall caused the real exchange rate to appreciate as the extra income was spent domestically, pushing up the price of non tradeables, such as services geared to the local economy. The higher prices for services then eroded profitability in export and import-competing industries, de-industrialising the economy, with the share of manufacturing in the economy falling.\u201d<\/p>\n

\u201cIt has become clear that economies with abundant natural resources have actually tended to grow less rapidly than resource scarce economies. Economic geographer Richard Auty coined the phrase \u201cresource curse\u201d in 1993 to describe this phenomenon\u201d<\/p>\n

The negative association between resource abundance and growth poses a conceptual puzzle. In the literature, three possible channels of causation have been identified. First, the exploitation of natural resources generates rents, which lead to rapacious rent-seeking (the voracity effect) and increased corruption. Second, natural resource ownership exposes countries to commodity price volatility, which can destabilize GDP growth. Finally, natural resource ownership \u2013 like foreign aid \u2014 makes countries susceptible to \u201cDutch Disease\u201d.<\/p>\n<\/blockquote>\n

This suggests that there is a need to improve governance, to ensure more productive use of the resources, especially in the states like Assam that are relying on them.<\/p>\n

I would not deny the existence of public sector corruption and inefficient state government machinery but the reasons for Assam\u2019s economic backwardness is structural and requires deep & rigorous academic level economic analysis. This is where the major hurdle develops. Most of Assam\u2019s state ministers, legislators and politicians lack the experience of academic economic knowledge. Hence despite their will for development, they often end up with unfruitful populist moves and decisions. The bureaucracy\u2019s expertise is too generalist and not suitable for an expert level analysis.<\/p>\n

My personnel observations find a lack of young intellectuals in academic circles of Assam , who can act as effective critic of unsustainable state economic policies. No doubt Assamese youths are part of rebellious student unions but at most times these \u201cstudent unions\u201d are highly politicized , follow populist ideologies and lack intellectualism.<\/p>\n

Thus the burden of making Assam \u201crich\u201d falls upon it\u2019s youth. We must learn what is true, to do what is right. Times will definitely change!<\/p>\n

\u201c Aami axomiya nohou dukhiya buli santana lubhile nohobo\u201d<\/i>\u00a0\u2013 Bhupen Hazarika<\/p>\n","protected":false},"excerpt":{"rendered":"

Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy. The economy of Assam is undoubtedly in a struggling stage. But is it due to lack […]<\/p>\n","protected":false},"author":21,"featured_media":21678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[3],"tags":[58,57],"class_list":["post-21677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-economy","tag-assam","tag-assam-economy"],"yoast_head":"\nWHY IS ASSAM \u201cPOOR\u201d ? - The Public Economist<\/title>\n<meta name=\"description\" content=\"Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thepubliceconomist.com\/?p=21677\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WHY IS ASSAM \u201cPOOR\u201d ? - The Public Economist\" \/>\n<meta property=\"og:description\" content=\"Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepubliceconomist.com\/?p=21677\" \/>\n<meta property=\"og:site_name\" content=\"The Public Economist\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ThePublicEconomist\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-14T14:51:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-26T17:29:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secureservercdn.net\/160.153.138.71\/73a.736.myftpupload.com\/wp-content\/uploads\/2019\/01\/trevor-cole-1067319-unsplash-asaam.jpg?time=1635872114\" \/>\n\t<meta property=\"og:image:width\" content=\"920\" \/>\n\t<meta property=\"og:image:height\" content=\"614\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abhinav Baruah\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EconomistPublic\" \/>\n<meta name=\"twitter:site\" content=\"@EconomistPublic\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhinav Baruah\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677\"},\"author\":{\"name\":\"Abhinav Baruah\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#\\\/schema\\\/person\\\/b742ae4cb463879b073e5b7ee4d67d2b\"},\"headline\":\"WHY IS ASSAM \u201cPOOR\u201d ?\",\"datePublished\":\"2019-01-14T14:51:43+00:00\",\"dateModified\":\"2019-01-26T17:29:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677\"},\"wordCount\":713,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepubliceconomist.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/trevor-cole-1067319-unsplash-asaam.jpg\",\"keywords\":[\"Assam\",\"Assam Economy\"],\"articleSection\":[\"Indian Economy\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677\",\"url\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677\",\"name\":\"WHY IS ASSAM \u201cPOOR\u201d ? - The Public Economist\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepubliceconomist.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/trevor-cole-1067319-unsplash-asaam.jpg\",\"datePublished\":\"2019-01-14T14:51:43+00:00\",\"dateModified\":\"2019-01-26T17:29:30+00:00\",\"description\":\"Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#primaryimage\",\"url\":\"https:\\\/\\\/thepubliceconomist.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/trevor-cole-1067319-unsplash-asaam.jpg\",\"contentUrl\":\"https:\\\/\\\/thepubliceconomist.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/trevor-cole-1067319-unsplash-asaam.jpg\",\"width\":920,\"height\":614,\"caption\":\"Assam Farmers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/?p=21677#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepubliceconomist.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WHY IS ASSAM \u201cPOOR\u201d ?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#website\",\"url\":\"https:\\\/\\\/thepubliceconomist.com\\\/\",\"name\":\"The Public Economist\",\"description\":\"The Policy Monitor\",\"publisher\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepubliceconomist.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#organization\",\"name\":\"The Public Economist\",\"url\":\"https:\\\/\\\/thepubliceconomist.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/secureservercdn.net\\\/160.153.138.71\\\/73a.736.myftpupload.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/log.png?time=1618112527\",\"contentUrl\":\"https:\\\/\\\/secureservercdn.net\\\/160.153.138.71\\\/73a.736.myftpupload.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/log.png?time=1618112527\",\"width\":512,\"height\":512,\"caption\":\"The Public Economist\"},\"image\":{\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/ThePublicEconomist\\\/\",\"https:\\\/\\\/x.com\\\/EconomistPublic\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/the-public-economist\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCzP8-NRgwG9noDdmVq34ddg\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepubliceconomist.com\\\/#\\\/schema\\\/person\\\/b742ae4cb463879b073e5b7ee4d67d2b\",\"name\":\"Abhinav Baruah\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a4b975f3851731921805330282fa800c7470bb449e7b954aa536f4369c66184e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a4b975f3851731921805330282fa800c7470bb449e7b954aa536f4369c66184e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a4b975f3851731921805330282fa800c7470bb449e7b954aa536f4369c66184e?s=96&d=mm&r=g\",\"caption\":\"Abhinav Baruah\"},\"description\":\"Abhinav, a graduate from St. Stephen's College, is pursuing his post graduation from Faculty of Mathematical Sciences, University of Delhi. He is also a visiting researcher at Tata Institute of Fundamental Research.\",\"url\":\"https:\\\/\\\/thepubliceconomist.com\\\/?author=21\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WHY IS ASSAM \u201cPOOR\u201d ? - The Public Economist","description":"Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thepubliceconomist.com\/?p=21677","og_locale":"en_GB","og_type":"article","og_title":"WHY IS ASSAM \u201cPOOR\u201d ? - The Public Economist","og_description":"Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy.","og_url":"https:\/\/thepubliceconomist.com\/?p=21677","og_site_name":"The Public Economist","article_publisher":"https:\/\/www.facebook.com\/ThePublicEconomist\/","article_published_time":"2019-01-14T14:51:43+00:00","article_modified_time":"2019-01-26T17:29:30+00:00","og_image":[{"width":920,"height":614,"url":"https:\/\/secureservercdn.net\/160.153.138.71\/73a.736.myftpupload.com\/wp-content\/uploads\/2019\/01\/trevor-cole-1067319-unsplash-asaam.jpg?time=1635872114","type":"image\/jpeg"}],"author":"Abhinav Baruah","twitter_card":"summary_large_image","twitter_creator":"@EconomistPublic","twitter_site":"@EconomistPublic","twitter_misc":{"Written by":"Abhinav Baruah","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepubliceconomist.com\/?p=21677#article","isPartOf":{"@id":"https:\/\/thepubliceconomist.com\/?p=21677"},"author":{"name":"Abhinav Baruah","@id":"https:\/\/thepubliceconomist.com\/#\/schema\/person\/b742ae4cb463879b073e5b7ee4d67d2b"},"headline":"WHY IS ASSAM \u201cPOOR\u201d ?","datePublished":"2019-01-14T14:51:43+00:00","dateModified":"2019-01-26T17:29:30+00:00","mainEntityOfPage":{"@id":"https:\/\/thepubliceconomist.com\/?p=21677"},"wordCount":713,"commentCount":0,"publisher":{"@id":"https:\/\/thepubliceconomist.com\/#organization"},"image":{"@id":"https:\/\/thepubliceconomist.com\/?p=21677#primaryimage"},"thumbnailUrl":"https:\/\/thepubliceconomist.com\/wp-content\/uploads\/2019\/01\/trevor-cole-1067319-unsplash-asaam.jpg","keywords":["Assam","Assam Economy"],"articleSection":["Indian Economy"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepubliceconomist.com\/?p=21677#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepubliceconomist.com\/?p=21677","url":"https:\/\/thepubliceconomist.com\/?p=21677","name":"WHY IS ASSAM \u201cPOOR\u201d ? - The Public Economist","isPartOf":{"@id":"https:\/\/thepubliceconomist.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepubliceconomist.com\/?p=21677#primaryimage"},"image":{"@id":"https:\/\/thepubliceconomist.com\/?p=21677#primaryimage"},"thumbnailUrl":"https:\/\/thepubliceconomist.com\/wp-content\/uploads\/2019\/01\/trevor-cole-1067319-unsplash-asaam.jpg","datePublished":"2019-01-14T14:51:43+00:00","dateModified":"2019-01-26T17:29:30+00:00","description":"Being a proud Assamese, my heart weeps in grief but I have to accept the statement that indeed Assam is economically poor. But it is equally important to understand what cripples the Assamese economy.","breadcrumb":{"@id":"https:\/\/thepubliceconomist.com\/?p=21677#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepubliceconomist.com\/?p=21677"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/thepubliceconomist.com\/?p=21677#primaryimage","url":"https:\/\/thepubliceconomist.com\/wp-content\/uploads\/2019\/01\/trevor-cole-1067319-unsplash-asaam.jpg","contentUrl":"https:\/\/thepubliceconomist.com\/wp-content\/uploads\/2019\/01\/trevor-cole-1067319-unsplash-asaam.jpg","width":920,"height":614,"caption":"Assam Farmers"},{"@type":"BreadcrumbList","@id":"https:\/\/thepubliceconomist.com\/?p=21677#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepubliceconomist.com\/"},{"@type":"ListItem","position":2,"name":"WHY IS ASSAM \u201cPOOR\u201d ?"}]},{"@type":"WebSite","@id":"https:\/\/thepubliceconomist.com\/#website","url":"https:\/\/thepubliceconomist.com\/","name":"The Public Economist","description":"The Policy Monitor","publisher":{"@id":"https:\/\/thepubliceconomist.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepubliceconomist.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/thepubliceconomist.com\/#organization","name":"The Public Economist","url":"https:\/\/thepubliceconomist.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/thepubliceconomist.com\/#\/schema\/logo\/image\/","url":"https:\/\/secureservercdn.net\/160.153.138.71\/73a.736.myftpupload.com\/wp-content\/uploads\/2018\/11\/log.png?time=1618112527","contentUrl":"https:\/\/secureservercdn.net\/160.153.138.71\/73a.736.myftpupload.com\/wp-content\/uploads\/2018\/11\/log.png?time=1618112527","width":512,"height":512,"caption":"The Public Economist"},"image":{"@id":"https:\/\/thepubliceconomist.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ThePublicEconomist\/","https:\/\/x.com\/EconomistPublic","https:\/\/www.linkedin.com\/company\/the-public-economist\/","https:\/\/www.youtube.com\/channel\/UCzP8-NRgwG9noDdmVq34ddg"]},{"@type":"Person","@id":"https:\/\/thepubliceconomist.com\/#\/schema\/person\/b742ae4cb463879b073e5b7ee4d67d2b","name":"Abhinav Baruah","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/a4b975f3851731921805330282fa800c7470bb449e7b954aa536f4369c66184e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a4b975f3851731921805330282fa800c7470bb449e7b954aa536f4369c66184e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4b975f3851731921805330282fa800c7470bb449e7b954aa536f4369c66184e?s=96&d=mm&r=g","caption":"Abhinav Baruah"},"description":"Abhinav, a graduate from St. Stephen's College, is pursuing his post graduation from Faculty of Mathematical Sciences, University of Delhi. He is also a visiting researcher at Tata Institute of Fundamental Research.","url":"https:\/\/thepubliceconomist.com\/?author=21"}]}},"_links":{"self":[{"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=\/wp\/v2\/posts\/21677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21677"}],"version-history":[{"count":1,"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=\/wp\/v2\/posts\/21677\/revisions"}],"predecessor-version":[{"id":21679,"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=\/wp\/v2\/posts\/21677\/revisions\/21679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=\/wp\/v2\/media\/21678"}],"wp:attachment":[{"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepubliceconomist.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}