| “In order to change lives of people, India needs to grow faster”
India is growing is great, but in order for India to push or to pull the great ranks of the poor and change the lives of people, it needs to grow faster than that. Once it gets above 8% or becomes 9-10% we think there is a speed limit which India is in danger of breaking without further reform. Further reform is really the crucial bit. In answer to your second question, I dont see that as reverse globalisation but globalisation. It is very convenient sometimes to avoid free movement of people and to think about other things. But that is part of how the global economy works and is a part of the benefits of globalisation. Look at the huge contribution that Indians have made to the British economy or for that matter the American economy. I used to play for the Hollywood cricket team and we would travel up to Silicon Valley once a year and be obliterated by Indian cricket teams.
IMF: Global economic growth still solid
The global economy will remain resilient, despite an economic slowdown in the U.S, the International Monetary Fund concluded in its semi-annual World Economic Outlook, released Thursday. The IMF expects the global economy to grow about 5% in 2007, which is a healthy economic expansion rate. Further, the IMF report argued that concerns about a global recession triggered by a substantial slowdown in the U.S. economy were not supported by historical evidence, if previous global recessions are any indicator of the phenomenon. Global growth typically declines sharply when there are synchronized adverse events that affect many countries at the same time, said IMF Chief Economist Simon Johnson. None of the three major economic regions of the world: the U.S., European Union, and Japan-China is in recession, a strong argument against any conclusion predicting a global slowdown, let alone a global recession.Specifically, the U.S economy is projected to grow 2.6% in 2007, although it is probably growing at a slower rate currently, in Q2.
Kenya: Five-Year Trade Plan Launched
The Trade and Industry ministry requires Sh17 billion to promote trade activities in the next five years, permanent secretary Mr David Nalo has said. Speaking during the launch of the ministry's strategic plan for 2006-2011, the PS said the plan seeks to turn the ministry into an effective, client-oriented and responsive institution. .
Role of Religion in Human History: Interview with Alexander Saxton
Editors Note: Alexander Saxton is the author of Religion and the Human Prospect (Monthly Review 2006). He is a labor and cultural historian, retired from the University of California Los Angeles and has authored five other books, including The Rise and Fall of the White Republic (Verso, 1993) and The Indispensable Enemy: Labor and the Anti-Chinese Movement in California.
PA: What was the inspiration for Religion and the Human Prospect?
AS: The resurgence of religion in the period since the end of World War II. This reproduced on a world scale the situation of Europe in the 16th and 17th centuries when it was decimated by religious wars. Religious conflict, interlocking with economic and political disputes, vastly intensified their destructiveness. That was what led me to start working on this book, which came late in my career.
In Defense of Gene Patenting
The critics say that gene patents are bad social policy—they hinder research, raise costs, and limit patient access to care. Academic researchers believe that scientific advancement occurs through the publication of research results. Society agrees that research is valuable and encourages it through billions of dollars of taxpayer-funded grants. However, this culture of information-sharing and government grants appears to have created a culture of entitlement where the property rights of others, specifically patent rights, are expected to be freely available in the name of research. As with any human activity, even one as important as scientific research, there have to be limits. Respecting the patent rights of others has to be one of those limits if society is going to gain the benefits of the patent system.
Critics round on Brown as G8 hopes fall short of dream
"The world can't wait. With all the knowledge, technology and wealth at our disposal, another generation must not be consigned to a life of misery and unnecessary struggle for the want of political will." - Cardinal Keith O'Brien Story in full IT WAS a vision of hope delivered less than 24 hours after one of Britain's darkest days. .
Wages of Senator Schumer
Suppose you lost your job. Would you take one at lower pay? Maybe not. What if the government gave you part of the wage difference? Would you take the job then? Such make-up payments are called "wage insurance." Senator Schumer wants to help you get some. When Congress reconvenes after its 2-week recess he will introduce a wage-insurance bill in tandem with Rep. Jim McDermott of Washington.. According to Mr. Schumer, "We have to make sure that job disruptions caused by globalization become manageable transitions for families rather than the economic crises they are today." Curiously, both unions and employers have reservations about wage insurance, for different reasons. If neither is for it, why should it even exist? Workers already have some protection from job loss.
South Africa: Development Through Trade
FOR the past five years the EU and its former colonies in the African, Caribbean, and Pacific (ACP) group have locked horns in potentially far-reaching trade and development negotiations. Called economic partnership agreements (EPAs), these are ordered in a series of regional processes, with the EU playing "hub" to six ACP regional "spokes", four of which are in Africa. .
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