Courtesy: Food Corporation of India
India's refusal to budge on food security has resulted in the World Trade Organization’s failure to reach the first multilateral trade agreement in the last two decades. Having taken a tough stand can India take the lead, among developing countries, in reframing the power equations of globalisation?
Courtesy: Rigues/Flickr
Recent developments at the WTO's two-day General Council Meeting that started on July 24 suggest that India will agree to sign the trade facilitation agreement only if the deal comes bundled with a permanent solution that will allow unhindered roll-out of welfare schemes such as the food security programme.
Courtesy: MEA
Economic security needs to be defined holistically through an open and democratic discourse. A plurality of perspectives on what constitutes development is essential to democracy across the world. Grass roots protests are driven by a longing for a truly inclusive and fair model of growth.
Courtesy: Wikimedia\Commons
The allegations that certain foreign-funded NGOs are hurting national economic security are not new. However, the Intelligence Bureau’s claim that they have held back India’s GNP growth has been challenged. There is now a need for economic security to be defined holistically through open and democratic discourse
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Sarvodaya is market economics, with a soul. There are different means towards achieving this end, but the evangelists need to come up common mantra and thwart vested interests from benefiting a few
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With a decisive mandate for economic deliverance the new government will have to rapidly do more than just provide inclusive growth. It will have to foster a market culture that makes economic democracy possible
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Government of Brazil/Wikimedia Commons
Brazil’s advantages – including resources of oil and gas, no historical baggage, an absence of terrorism and military conflicts – and regional leadership, make it a potential global power. But it also has to tackle many challenges in the medium-term, such as poverty, poor infrastructure, healthcare and education
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Thomas Piketty, in his latest book, argues that the wealth concentration in developed economies is an outcome of the economic policies that have been followed over the centuries. His study offers insights for Indian economists who are faced with addressing the growing wealth gap between the country’s rich and the poor
Courtesy: Dhiraj Singh/getty
The RBI’s two-pronged strategy to protect the economy from tapering-led volatility discourages unproductive external borrowings and prods foreign portfolio debt investors to think long-term. There's another vexed issue: the IMF has sounded a cautionary note on the rising number of foreign currency debt laden Indian firms