But irrespective of how much the government does from now on, the opportunity lost in areas like power investment, increasing and improving the education throughput, and lowering the cost of doing business (eg. through urban land reform to make office space and housing affordable) have been lost for good. Also, it is impossible to address all the state-level issues that bedevil business, and of course no one has any hope that government corruption will be addressed. In that sense, there is little that the government can now do to redeem itself in the eyes of all those who had great hopes from the "dream team" that took office in 2004.
The second set of issues has to do with short-term macro-economic management
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