Economic diversification is vital if the world's most poverty-stricken countries, some of them depending on a single or a few raw materials or commodities, are to escape their predicament, a top United Nations trade official said today. “Some countries had been successful in diversifying their economies, in creating jobs, in improving governance,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told the opening session of a two-day meeting...

A recent survey carried out by the TNUEF brings to light details of the discrimination Dalits in Madurai have faced for generations. OVER seven decades have rolled by since the freedom fighter A. Vaidhyanatha Iyer successfully led Dalits into the Meenakshi temple in Madurai, overcoming all the impediments posed by the casteist forces that were hell-bent on thwarting the historic event. But the stark reality is that “hidden apartheid” against...

During the last three years, two subjects have been consuming the attention of the world community almost to the exclusion of other equally important subjects. One is the financial crisis, which had threatened to lead to a meltdown of the global economy, and the other is the threat to orderly climate changes in the world. As we step into the second decade of the 21st century, the global financial crisis...

Tens of thousands of displaced people around the world will get micro-loans to set up their own businesses and become self-sufficient thanks to a new agreement between the UN refugee agency and a microfinance services organization set up by Bangladeshi Nobel Peace laureate Muhammad Yunus. Under a memorandum of understanding signed by Mr. Yunus and UN High Commissioner for Refugees (UNHCR) António Guterres, the Grameen Trust will set up micro-loan...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...