Rising corn prices in the United States brought about by biofuel mandates have cost developing countries 6.6 billion dollars over the past six years, says a study by Global Development And Environment Institute at Tufts University (GDAE).  Net Food Importing Developing Countries, among the most vulnerable to food price increases, incurred ethanol-related costs of $2.1 billion, the study concludes. (See highlights and the links below). The recent spike in world food prices...

-The Times of India Keen to snap out of a policy coma and rev up an anaemic economy, the government is looking to slash " green tape" by making lease extensions simpler, amending restrictions on work beginning on projects where forest land is involved and easing expansion norms for mines. Sifting through highly polarizing arguments, new initiatives aim to reduce points of contention that have often locked ministers in charge of economic...

-The Economist Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable, says Zanny Minton Beddoes IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux...

-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....

-The Hindu The movement by India Against Corruption is a call to the system as a whole to redefine the polity and the economy The one significant question being thrown us by the India Against Corruption (IAC) movement is this: is the movement for or against the country’s much revered democracy? The answer, as often in questions relating to society or politics, is neither a clear yes nor no. It is anti-democratic...