Editorial

The latter part of the 20th century has seen a universal realization of the benefits of a world free of constraining controls on individual economies. Almost all controls have been aimed at keeping foreign goods and services at a safe distance, ostensibly to encourage domestic business in these products. However, have these controls really delivered results for the constraining economy? This is a question that is being attempted to be answered by the lead article in this issue, by Prof. Kishore Kulkarni and Geoff Tennent by taking up the case of Kuwait and examining the results of decontrols on trade in the fading years of the earlier millennium.