The Hindu Business Line : Monday, December 08, 2003

The `cyber coolie' is here
The emergence and growth of BPO activity — described as the "cyber coolie" regime by British critics of the phenomenon — is a true reflection of the changing nature of the international economy, specifically its gradual shift from manufac turing and traditional services to the true globalisation of back-up services for distinctly national economic activity of practically every sort with the help of IT-enabled facilities. More

EDITORIAL

Tariff tangle
ON THE FACE of it, the US President, Mr George Bush's decision to scrap the `safeguard duty' imposed on steel imports does demonstrate a newfound commitment to the principle of freer market access to global players in the steel industry. But, in ... More

ECONOMY

America's current account deficit: Buffett's proposal
MR Warren Buffett is one of the world's richest men. He is known as the Sage of Omaha, who is trusted with the management of billions of dollars by Americans as well as others. He has acquired a reputation for picking ... More

FOREX

Why dollar will remain weak in 2004
With savings not rising in the US, with America sucking in more imports than it can sell, and with foreigners showing fatigue in buying dollar assets, the bulk of the burden of reducing the US current account deficit must fall on the dollar. Which i s why there will be further dollar weakness in the New Year, says V. Anantha Nageswaran. More

STOCK MARKETS

Index funds and the performance paradox
DIVERSIFIED equity funds have on an average outperformed the index funds by 40 percentage points in the current market rally. Empirical evidence, however, suggests that in the long run index funds outperform active ... More

SOCIAL WELFARE

Abjuring alcohol
RECENTLY I had occasion to watch about 200 social activists, a majority of whom were women from rural areas, observing a daylong fast to back up their demand for introduction of total prohibition. A number of ... More

LABOUR REFORMS

Singapore at crossroads — Why a little anarchy would help
Until now, much to the discomfort of critics, Singapore's strength has been its discipline, followed by well-conceived Government intervention, both thanks to its former Prime Minister, Mr Lee Kwan Yew. But the very same factors that were the seeds o f success at one time became impediments to innovation. More

MERGERS & ACQUISITIONS

As India Inc forays abroad... : A new mantra to remember
REMEMBER the acquisition of Tomco by Hindustan Lever? It was feared at that time that India Inc would be taken over by the MNCs. Nothing of the sort has happened. On the contrary, Indian business houses are reported to ... More

LETTERS

Internet service providers

Booster for reforms

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