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The economic mismanagement by the ruling UPA in the past few years – by putting politics and polls ahead of economy and prosperity, and slavish obedience to political masters – has created an environment of crisis and desperation in India. Where did the country’s so-called economic ‘dream team’ go wrong?
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While the rejection by Odisha’s Gram Sabhas of mining projects in the state indicates the triumph of direct democracy, concerns that international investors will shun India due to the fear of unfavourable conditions are rife. How can we work towards both greater democracy and mining projects necessary for growth?
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Following the 2008 mortgage crash, the U.S. Federal Reserve Board implemented a quantitative easing policy – to stabilise the banks, and rejuvenate the economic environment. Although this strategy has brought some respite, it has done so without creating many new jobs for Americans.
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The government, knowing well what the markets wanted, ensured that there were no surprises for the 2013-14 budget by forecasting a fiscal deficit of 4.8%. A closer look at the math, however, reveals a different story.
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Despite heavy opposition from several factions, Egyptian President Mohamed Morsi’s propositions for altering the constitution have been approved. Although the alterations have democratic elements, the liberals and secularists bear responsibility in taking forward Egypt’s journey to complete democracy.
The changing American demography worked in favour of the Democrats, but winning a re-election may be the easy part for U.S. President Barack Obama. He must now craft an agenda adequately bipartisan to pass legislation addressing the country economic issues.
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All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.
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Gandhi’s little-known work on what it means to be truly civilized may be crucial to the future of our species. There seems to be an absence of a moral framework that serves as the basis of our pursuit of wealth & pleasure. Can such a framework guide us through contemporary economic and identity-related conflicts?
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This October, Bourse Africa, the first Pan-African stock exchange is set to begin its operations. Apart from integrating all the African economies and boosting their engagements with international markets, it also aims to commodify diamonds. What does this mean for the future of commerce in Africa?
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Although India’s trade with Latin America has increased considerably, there is still much potential to be exploited. India’s should adopt an aggressive market oriented strategy by identifying local partners wherever possible to enable Indian companies to penetrate the region.