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Section : Economics - Global
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Latest Articles For Economics - Global
 
442 LITERS WATER FOR ONE LITER OF COCA COLA THE WATER CRISIS STORY
The water-footprint concept was coined in 2002 by Arjen Hoekstra, a professor of water management at University of Twente in the Netherlands.
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Can We Guess How Robotics Will Affect Economies In The Future?
this topic is going to become very important in the coming years
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Who Took My Job: 7 Potential Job Killers You Should Look Out For
One McKinsey report says that automation will affect portions of almost all jobs.
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Frank Knight: The Forgotten Economist Who Challenged Both Socialism And Free Markets
He believed that progressive reformers and welfare advocates did not understand economics and were equally ignorant of their own ethical ideals, the relationship between economics and law, and the cultural process. Yet he also rejected the thought that a successful economy will solve all the problems, because there are inherent social faults to be addressed.
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ECONOMIC LESSONS INDIA MUST TAKE FROM CHINA
There is problem of terrorism in many parts of Asia, including China, India, the Middle East, South East Asia etc. Notwithstanding these constraints, some countries have their lenses clear while others are still groping in the dark.
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The backlash against globalization
McKinsey Global Institute report, titled Poorer than their Parents? Flat or Falling incomes in advanced economies, says that 97% of the population in Italy, 81% of the population in the US, 70% in the UK and the Netherlands and 63% in France saw flat or falling incomes between 2005 and 2014. Small wonder they vote for a comedian in Italy, for Trump in the US, for Boris Johnson and Nigel Farage in the UK and the National Front in France.
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Rajan & Central Bankers: They Are The Real One-Eyed Kings In Land Of The Blin
The fact is the emperor has no clothes. While central banks may have nominal independence, this independence is of little value when they have no special abilities to predict which way the economy or inflation is headed, except in the short term.
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Black Economic Empowerment: The Road Still Long
It must also be noted, that the term “blacks” according to the prevailing legal framework includes all blacks, coloureds and Indians as well as some Chinese if they were disadvantaged prior to 1990.
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Best Of Economics On The Web This Week
Niranjan Rajadhyaksha says Indian economic policy has regained credibility and that it opens up space for interest rate cuts.
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10 Things That Tell You The World Ain’t What It Used To Be
it is not just the global economy that is broke; the politics and social processes that underpin it are also nearly broken. Consider what is not working in the global political and social economy right now.
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A proper reckoning Feminist economics
Economics still has its problems with women. In 2014 only 12% of American economics professors were female, and only one woman (Elinor Ostrom) has won the Nobel prize for economics.
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African agriculture A green evolution
According to the UN Food and Agriculture Organisation, Rwanda’s farmers produced 792,000 tonnes of grain in 2014—more than three times as much as in 2000. Production of maize, a vital crop in east Africa, jumped sevenfold.
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In Chinese Slowdown, India’s Chance In Africa?
The past months have seen a significant deterioration in Africa’s trade balance with China. In fact, the lower forecast growth rate of 3.1 percent of China depicts the fragile picture affecting the dynamics of the Sino-African relationship.
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Europe needs many more babies to avert a population disaster
Europe desperately needs more young people to run its health services, populate its rural areas and look after its elderly because, increasingly, its societies are no longer self-sustaining.
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End Of Sanctions Opens Iran To India
India is different from the rest of the world and therefore from the Middle East too, in almost every conceivable aspect. Both the countries have been accommodative to each other’s political dynamics.
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Euro: Flawed By Design
there was an implicit (later made explicit) guarantee that countries will not be allowed to exit and that bailouts will happen. This guarantee allowed banks to keep financing Greece knowing that in case of default, ECB will step in.
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Standing Up For Modified
As Voltaire said, no army can stop an idea whose time has come. The new technologies of directly editing the genome using CRISPR systems and its inevitable variants will fundamentally change the way we think about genetic engineering.
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Obama Picks Michigan Professor for Fed Board
The White House also highlighted her knowledge of global markets as particularly valuable as the Fed grapples with the international impact of its own decisions and the strain of weak growth in other developed nations on the American economy.
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A glimpse of Africa’s future
A turning point came with the discovery of oil in 2012. Kenya joined the increasingly non-exclusive club of countries exploring for hydrocarbons (90% of African nations now do). Turkana saw an influx of rigs, roads and burly foreigners with big wallets.
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Why ‘powered’ Africa is key to its economic transformation
Politics and economics in the energy sector lie at the heart of the problem. Political will is missing. African governments currently invest just 0.5 per cent (US$8 billion) of gross domestic product per year in the energy sector. This is inadequate to power homes and boost businesses.
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Why Raghuram Rajan compared global economy to Great Depression
As Albert Edwards of Societe Generale wrote in a recent research note: "The economic situation in China has become more precarious. The most important thing as the yen sets off another round in the global currency war is that China in now in outright deflation and cannot tolerate renminbi appreciation. As the yen drags down other regional currencies, and the renminbi is forced to participate in a competitive devaluation, deflation fears will surely quickly reignite in the west."
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Black money: pinning the shadow down
TOPICS economy, business and finance economy (general) finance (general) macro economics foreign investment The steps taken so far, and this includes the Black Money Bill, to bring back an estimated $1.5 trillion stashed abroad are completely ineffective. There are better and stronger solutions available Recently, on the suggestion of the eminent lawyer, Ram Jethmalani, the Chief Justice of the Supreme Court allowed me to lead arguments on the effective steps to be taken to bring back black m
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India tipped to overtake China in Modi's first year despite sluggish feel
the economy is in better shape than when Modi took the reins a year ago with the slogan "good days are coming
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Poorest nations, not just richest, must act to end extreme poverty - campaigners
Official development aid (ODA) from the 28 member countries of the OECD Development Assistance Committee (DAC) was stable in 2014, after hitting an all-time high in 2013, but aid to the poorest countries continued to fall, according to the DAC
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Modi’s grand strategy: Change G2 into G3
India’s best hope is that a decade or even more of sustained GDP growth, and a deft manoeuvring of opportunities that such an economic expansion as well as the competitive nature of the America-China relationship in Asia throw up, will allow it to reshape the global high table into a G3 by say 2030 or at any rate in the decade of the 2030s.
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What Does Tesla’s PowerWall Mean For India ?
“Both solar and batteries are not ‘fuels’ but rather technologies. The extraction cost of fuels continues to rise, while technology costs continue to fall.”
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Flawed Takata air bags in 34 million vehicles lead to biggest recall in history
In the meantime, millions who drive some of the most popular models from BMW, Ford, Honda, Toyota and other carmakers could remain behind the wheel with a defect that lawmakers have deemed a “public safety threat.”
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Yashwant Sinha or Arun Shourie? PM Narendra Modi to decide first president of BRICS bank
According to a July 2014 agreement among BRICS nations — Brazil, Russia, India, China and South Africa — the NDB would be headquartered in Shanghai in China while its first president would be an Indian.
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3 Warren Buffett Habits We Should All Adopt
Buffett figured out what he was good at and stuck with it through thick and thin, always honing his skill.
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Interview with IMF chief Christine Lagarde
It appears that the broad path of reform is established. Now implementation has to follow — as we know, success begets success.
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Which is the poorest city in the world?
What is so frustrating about Monrovia’s plight is that Liberia is rich with gold and diamond mines – the profits from which rarely end up in the public purse.
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More Investment in Research and Development Needed to Fuel Agricultural Productivity in Africa, Report Finds
emale scientists remain grossly underrepresented in the agricultural research field, despite the fact that they are in a unique position to effectively address the pressing challenges facing African farmers.
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The American economy Steady on
Janet Yellen, the chair of the Federal Reserve, tried to make clear to the markets that interest rates, currently at rock-bottom levels, will not increase any time soon.
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Map: Who’s hiding the most money in secret Swiss bank accounts?
According to ICIJ, academics estimates that around $7.6 trillion is stored in overseas tax havens, costing governments at least $200 billion a year in lost revenue.
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It's official: India is the world's fastest growing big economy
the economy grew 7.5 percent in the quarter ending in December, outpacing China's 7.3 percent growth in the latest quarter and making India the fastest growing major economy in the world.
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Philippines readies plan to integrate APEC financial markets
Key elements of the road map will be building systems for promoting infrastructure investment as well as for coping with financial crises caused by natural disasters.
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US-India economic ties must deepen
Previous Indian leaders have shied away from aligning openly with the world's top powers. A statement on security agreed at the summit aligns India with the U.S. and Japan.
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Price plunge a windfall for most -- but not all -- of Asia
According to estimates by the United Nations Economic and Social Commission for Asia and the Pacific, a further $10 per barrel fall in the price of oil in 2015 would translate to a 0.5 percentage point increase in the region's GDP growth.
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Daniel Yergin: Crude's discount days are numbered
Maybe the average price for oil will be in the neighborhood of $50 this year. Then next year we think we'll certainly see an oil price that might be 10-30% higher.
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PMO hawk-eye on progress of mega projects
Proactive, pro-people good governance, a policy-driven state and consistency in policy.
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Promote Indian drugs, US health groups urge Obama
"Instead of using your trip to promote the narrow interests of one segment of the pharmaceutical industry, we ask you to support the interests of people who need affordable medicines, whether they live in the US, in India, in Africa or elsewhere," civil society organizations said in the letter.
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Africa: ICT Set to Profile Africa's Economic Landscape in 2015
Sub-Saharan Africa is finally realising its potential for economic growth, and now boasts six of the top ten fastest-growing economies in the world
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Basmati under threat, GM crops play foul
Indian scientists aligned with GM seed companies seem to have facilitated field trials of several food crops illegally, for over a decade. The then Union Environment Minister Jairam Ramesh placed an official moratorium on these trials once he learnt of the dangers.
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Why Africa is becoming less dependent on commodities
Two reasons stand out. First, the continent's economic growth is coming from other places....Second, many African governments are better at managing the inevitable booms and busts of commodity markets.
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SWAMINOMICS - Global tremors: bure sitare can bring bure din
Foreigners find western bond yields very low, and so have invested over $5 trillion in higher-interest bonds in emerging markets like India. But when the local currency begins to depreciate, bond investors rush out:
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Pew Research Study: US Wealth Gaps Hit Record High
Nobel laureate economist Joseph Stiglitz of Columbia University, says that growing income inequality has taken a major toll on children.
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Rupee Falls: 3 Reasons to Explain It All
The Russian rouble has been in a free-fall against the US dollar, prompting a massive rate hike in Russia.
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Central Banking In the Time of Intervention
Historically, governments the world over have often sought to influence monetary authorities, but it is unclear why, of late, there has been a surge in this streak of interventionism.
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Is Adani getting an easy loan?
the notion that coal will disappear anytime soon and be replaced entirely by renewable energy sources is simply wishful thinking by environmental activists and other do gooders.
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Austrian currency scandal shines light on the enigmatic industry of money printing
“It’s all about greed,” he says. “These people aren’t arch criminals. They see an opportunity to make way beyond a civil servant’s salary.”
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G-20: With focus on black money, Modi goes beyond the customary handshake
As far as India is concerned, the biggest news that has emerged from Brisbane is Prime Minister Narendra Modi’s unrelenting focus on the issue of black money.Modi pitched for strict action against tax havens and told the G-20 grouping that the issue of black money must be high up on the world community’s radar screens.
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PM Modi to highlight black money issue at G20 in Australia
“A key issue for me would be to highlight the importance of international cooperation against black money,” Modi had said
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U.S.-India Agreement Clears Way for Global Trade Deal
Analysts said the agreement with the United States would improve India’s negotiating position at the G-20 and in other multilateral bodies.
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Most Americans in 'Poor' or 'Fair' Financial Shape
The most commonly cited economic hardship Americans face in their daily lives is food insecurity — 36 percent of survey respondents say they or someone in their household had to reduce meals or cut back on food to save money over the past year.
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Can the world produce enough food for 2 bln more people?
young women across Africa are better educated today than older generations which should lead to a decline in fertility and research shows that educated women tend to have fewer children and later in life.
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Jean Tirole wins the Nobel prize in economic sciences - as it happened
The merger of a firm and its supplier may encourage innovation, but may also distort competition.
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World economies warn of global risks, call for bold action
The IMF panel urged nations to carry out politically tough reforms to labor markets and social security to free up money to invest in infrastructure to create jobs and lift growth.
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Earth to have 12.3 billion people by 2100
biggest question is: will this increase have a toll on global resources like water, food and weather?
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Kenya: Africa's Hottest Emerging Oil Exporter
there are some 130 billion barrels of crude oil waiting to be tapped by more than 500 companies, according to a recent report by PriceWaterhouseCoopers.
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How to be an Asian tiger
past 60 years of experience shows that Indian labour laws and interventions have gone too far even by the standards of democracies. Today, Indian corporates avoid labour-intensive industries such as apparel like the bubonic plague.
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For Modi’s ‘Make in India’ campaign to work, India Inc should dump jugaad: But Can We?
Maybe we will also inspiration from Vishwakarma to not only bless the tools but the quality that emerges thanks to them.
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Population projections All latest updates Don’t panic
“the basic trouble with all long-range population projections is that they are driven by assumptions about birth levels—and there is still no reliable method for predicting fertility levels a generation from now, to say nothing of a century hence.”
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Entrepreneurs anonymous
Would-be entrepreneurs need to have a more measured view of the risks involved before they start a business
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Narendra Modi to start US visit with CEO-packed breakfast
unlike in the past few years when events like this had many empty seats, this year, tickets to the event are hard to find and they are "pay for play".
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India can rise again, I have a clear road map, Modi says
If I can win the confidence of the people of India, not from my speeches, but by actions, then the power of 1.25 billion Indians will come together to take the country forward," he said.
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South Sudan: Bringing Education to South Sudan, One Village At a Time
'Food will finish in one day or two, but if you help us with education, our children will learn and the next generation will learn from that school,'
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World population may hit 11 billion by 2100: Study
The bulk of the growth was anticipated in Africa, where the population is expected to rise from one billion today to four billion by the end of the century
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The Good – and the Bad – News on World Hunger
FAO Director-General Jose Graziano da Silva said that the figures indicate that a “world without hunger is possible in our lifetime.”
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West Asia turmoil worries east Asia
Even in the People’s Republic of China, there is growing fear that terrorist attacks by Islamist forces might spread beyond the already troubled lands of the Uighur community.
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Why US Could Dip into Recession
.. as China tries to contain the fallout from a deflating real estate bubble, India grows at its slowest pace in a quarter century, Brazil teeters on recession and Russia may have already sunk into one, the timing is awful.
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Why the world needs a new way to tackle poverty
It is estimated that half the world’s extreme poor are found in India and China, one quarter in other middle-income countries like Nigeria, Pakistan, and Indonesia, and the remaining quarter in low-income countries.
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What is the International Date Line?
The International Date Line is an imaginary line extending from the North Pole to the South Pole. it passes though the Pacific Ocean where, according to an international agreement, the date changes. As the Earth rotates, each day begins and ends on this line.
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Suggested Reading...

Angola: International Relations Lecturer Defends Agricultural Revolution in Africa
By allafrica.com

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Malaysia Says It’s on Track to Achieve High-Income Nation Status
By Manirajan Ramasamy

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Turning growth into opportunity in Nigeria
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