Public Policy
Look to Brasilia, Not Beijing
WSJ.com
a more compelling challenge to the current world order may be emerging from an unlikely trio of countries that boast both impeccable democratic credentials and serious global throw weight. They are India, Brazil and South Africa and their little-noticed experiment in foreign policy coordination since 2003 to promote subtle but potentially far-reaching changes to the [...]
Mr. Lula goes to Washington
Lula is not only a political and diplomatic pro, but also a statesman. Amazingly, he comes off as more prepared than Obama with solid answers to reporter questions, with a sense of humor as well. Political leadership of this sort inspires business confidence in a country. Must watch link -CSPAN Video- Pres. Obama & Brazilian [...]
Mercosur Shares Social Concerns, Diverges on Economy
Politicians, stuck in an industrial era mindset, love to “protect jobs” since that plays well among interest groups like unions, while they completely neglect skill-building, the key to not only citizens being eligible for many jobs in the knowledge era, but also in a position to create jobs as entrepreneurs.
Unlike someone who has been [...]
Avoiding a Financial Collapse, Indian-Style
One of the most outrageous example of lax U.S. lending practices was someone making $14,000 a year approved for a $720,000 mortgage with no down payment!NYTimes.com
“In India, we never had anything close to the subprime loan,” said Chandra Kochhar, the chief financial officer of India’s largest private bank, Icici. (A few days after I spoke [...]
A free lunch for you is a painful cost for someone else
Special interest groups lobby politicians to receive benefits from the governmental treasury while diffusing costs on societies. Politicians are happy to comply since their elections and re-elections usually depend on funding from these groups.
In rich countries or regions, they can get away with economically unsound policies. (EU’s CAP) But, in countries like India and others [...]
Roadmap for the G20
RGE
President Bush has invited the heads of state of the Group of 20 (G20) nations for a summit on November 15 in an effort to continue responding in a coordinated way to the unfolding financial and economic crisis. The G20group, which accounts for 90% of global GDP, includes 10 major emerging economies – including [...]
The Cost of a Long Life
Compelling graphic that demonstrates that throwing more money at problems does not always ensure better outcomes.
via UCSC
The chart highlights the sharp contrast between [...]
Can India’s Dairy Revolution be Repeated in Africa?
World Bank – News & Broadcast
During a period of 25 years (1970-1996), a unique program, popularly known as Operation Flood, transformed a chronically milk-deficient India into the largest producer of milk and milk products in the world.
Can this phenomenal turnaround-which has since become the stuff of legend-happen elsewhere? When can the experience in one [...]
Latin America and the Caribbean’s Response to Growth in China and India
World Bank – Office of the Chief Economist –
According to the study Latin America and the Caribbean’s Response to the Growth of China and India: Overview of Research Findings and Policy Implications, concerns that both countries are displacing the LAC region in world markets for goods, services, foreign direct investment, and innovation are misleading.
Guillermo [...]
‘India’s medium-term prospects still look bright’
The Hindu Business Line
Prof Arvind Subramanian, Senior Fellow, Peterson Institute for International Economics, Washington DC, has written extensively on growth, trade, development, institutions, aid, oil, India, Africa, the World Trade Organisation, and intellectual property. He also holds a joint appointment at the Centre for Global Development and is senior research professor at Johns Hopkins [...]
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