Economy
Globalisation and monetary sovereignty
ONE OF the hallmarks of globalisation in the contemporary era is the ever-closer integration of national financial markets.
Technological change and economic reforms -- A throwback to Keynes
FINANCIAL EXPERTS around the world are agreed on two points: First, the USA is in for a decline in output and employment growth in the foreseeable future, while Western Europe is likely to see higher growth. Second, developing countries whose development
is tied to the growth of exports (to the US) are likely to face a setback in their growth/recovery process, while those with a domestic-demand-based growth profile are likely to forge ahead, even in a world otherwise plagued by recessionary demand condi
tions.
Are `vision' documents laboured?
THE Vision documents of the Central and State governments aimed at achieving seemingly impossible targets in different areas in the next two decades may sound Utopian, especially in the present institutional set-up and pace of work, and given the challen
ge of people finding jobs and making them perform to best levels with commitment.
Editorial
Muddling on
NEMESIS SEEMS TO be overtaking the Government for its many omissions and commissions in foodgrains management. Succumbing to political pressures for indiscriminate hikes in minimum support prices year after year; procurement of foodgrains much beyond the
required quantities for purposes of food security; expanding instead of limiting the role of the monolithic Food Corporation of India (FCI); and continued inattention to production and quality related issues over the years, have all assumed such serious
proportions now that the country's food situation has snowballed into a major crisis.
Miscellaneous
Auto-intoxication
OF all the arguably degenerate ways in which America is leading us downhill, the most regrettable, to my mind, is auto-intoxication whereby we use the car wherever and whenever we want to go.
The Nobel still eludes some
In one word, the Nobel Prize is covetable but its nobility is rather questionable.
Politics
Sri Lanka: Realities and options
THE POST-JUNE military stalemate in Sri Lanka has been accompanied by certain developments on the political/diplomatic levels, which could be detrimental to the LTTE's strategic objective.
