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The important thing is Chinese productivity is rising
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Published on :
Friday, July 16, 2010 |
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Chinese labour is really cheap. It is lower than half the average wage rate of Mexico. But, the wages are rising as of higher productivity. High capital investments in China would lead to higher wages. It could even be said that higher wages would make workers more productive, Moreover, it will boost US and european exports, writes Tyler Cowen in The Economist.
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Is FDI in retail a good idea?
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Published on :
Wednesday, July 14, 2010 |
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Large investments in infrastructure will help farmers and will boost exports in a big way. It is unlikely organised retail will get more than 15% of the market even after a decade.This will make organised retail more efficient and help farmers. Kiranas have natural advantages that will protect them to an extent, but if they are not modernised, the employment impact could be large, writes Govind Shrikhande in Business Standard. |
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Sorry, Milton: Let 'em in
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Published on :
Wednesday, May 12, 2010 |
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Friedman often proclaimed that the strongest case for individual liberty is a moral one. Because it is immoral for government to prevent the free movement of peaceful people, the existence of one immoral institution -- the welfare state -- ought not be used so cavalierly to justify the imposition of another immoral institution -- restrictions on peaceful immigration, writes Donald Boudreaux in Pittsburg Tribune Review. |
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Foreign Investment In Education
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Published on :
Friday, May 07, 2010 |
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Educational services are to be provided by the market, and market alone. It offends reason to believe that the poor will be made worse off by this bill. It is obvious that many students who can’t otherwise afford a foreign education will benefit from foreign universities setting up shops in India, writes Shanu A. |
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Busting economic myths: service revolution in India
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Published on :
Saturday, May 01, 2010 |
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India and China have both been recognized for rapid economic growth. But India’s growth pattern is dramatically different. China has experienced a manufacturing-led growth, while India has side-stepped the manufacturing sector and made the big leap straight from agriculture into services. Their differences in growth patterns raise big questions in development economics, writes Ejaz Ghani in Mint. |
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Breaking News: TV battles China
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Published on :
Friday, September 25, 2009 |
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A kind of a war is being waged against China on some TV channels in India. But a war of words on channels is far more tolerable than any exchange of artillery between the armies. If we are to accept the LAC as the de facto border, then it would basically mean that we surrender claims on the western sector in Aksai Chin, and China give up its claim in the eastern sector in Arunachal Pradesh. Some scholars think that it is precisely this kind of across-the-board settlement which is desirable, possible and doable, writes Barun Mitra in the Financial Express |
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Globalisation: The show must go on
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Published on :
Sunday, June 08, 2008 |
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In the last 20 years, more than 400 million Chinese climbed out of poverty. India has become a rapidly growing economy, the middle class in Brazil and Mexico is flourishing, and recent successes of Ghana and Tanzania show that parts of Africa may be turning the corner as well. Despite these enormous advances, however, there is a backlash against globalization and a widespread belief that it requires moderation. It is wrong to play down the costs of globalization, but the reality is that we’ve been playing down its benefits for a long time, writes Tyler Cowen in the New York Times |
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Street Globalisation: From Led Zeppelin to Lance Armstrong
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Published on :
Tuesday, April 03, 2007 |
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One important thing that globalization offers, is that it helps expose the pretentious and lazy among us, the "more taxes for more subsidies and bureaucracies please" people among us, writes Nonoy Oplas. |
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Globalise, Globalise, Globalise
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Published on :
Monday, April 02, 2007 |
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Nepal with its economy integrated with the world has nothing to lose and everything to gain. There is not that much which the government has to do either - just remove the artificial barriers which cause poverty. The time to seize the future is now, writes Rakesh Wadhwa in the Himalayan Times. |
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Globalisation empowers ordinary people
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Published on :
Wednesday, March 14, 2007 |
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Looking at the forces affecting globalisation, Barun says that critics of globalisation have a political agenda to keep the people disempowered by restricting their choices, and preserving the privileges for the elite. |
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