Claims about the benefits of Posco's $12 billion integrated steel project to Orissa's economy and job market come from a study by an “independent” research organisation — but was paid for by Posco itself. In January 2007, the National Council of Applied Economic Research (NCAER) published a report on ‘Social Cost Benefit Analysis of the POSCO Steel Project in Orissa,' which claimed that the project would directly and indirectly generate 8.7...

Natural disasters, conflict and weak institutions have thrust 22 countries into recurring food crises and high prevalence of hunger, two United Nations agencies said today in a report on food insecurity around the world, calling for longer-term solutions to help those States recover their productive capacity. Chronic hunger and food insecurity is the most common characteristic of a protracted crisis, according to the report, the “State of Food Insecurity in the...

Latin America, the poster child of bad economic policy in the 1980s and early 1990s, is leading the way in one rapidly evolving area of social development: conditional cash transfer (CCT) programmes. These schemes provide cash payments to poor households that meet certain behavioural requirements, generally related to children’s healthcare and education. The idea here is to support minimal levels of consumption through income transfers, while encouraging long-term human development. The...

RAM KARUTURI, the world’s largest rose grower, calls it a situation that needs immediate intervention. Else, he is sure the rush of Indians to Africa will ebb to a trickle, which, in turn, could have serious implications as ethnic tensions with the locals are slowly, but steadily, rising in some parts of the continent. The hub of the crisis is Gambela, one of Ethiopia’s nine states, for long starved of investment....

Around a quarter of the world’s population who are deprived of food live in India and 43 per cent of all children in the country under the age of five are malnourished, claims a recent report published by an international non-profit organisation. While India’s per capita income tripled between 1990 and 2005, the number of hungry people also increased by 53 million, bringing the total numbers of chronically hungry people in...