Good economics might not mean poor politics

Govt needs to emerge strong on credibility, timing of economic measure

In an earlier article I had mentioned that there are three prerequisites for good but tough economic measures to result in good political results. The first one is the timing of the economic measure, whereby sensible governments with a clear agenda on delivery would prefer to implement tough economic measures in the early years of their rule so that the benefits reach voters before the end of their tenure. The second is that the credibility of the economic measures depends on the credibility of the government, which means the government should be free from corruption, nepotism and policy paralysis. The