The President of International Fund for Agricultural Development stresses that access to funds for developing countries will help them make ethical decisions in the quest for food security. Just days before the UN Climate Change summit at Copenhagen, Kanayo Nwanze, President of IFAD (International Fund for Agricultural Development), stresses that access to funds for developing countries will help them make ethical decisions in the quest for food security. Nwanze was...
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The gloves go on
AT THE recent food summit in Rome, President Luiz Inácio Lula da Silva donned a pair of bright-red boxing gloves labelled “Hunger Free” and waved to the cameras. They were his prize—if that is the right term—for Brazil’s success in topping a league table drawn up by ActionAid, a British charity, of countries that have done most to reduce hunger*. The occasion was a stunt, of course, but had a...
More »The anarchical society by Deepak Lal
Ever since Gunnar Myrdal’s Asian Drama, which castigated India as a “soft state”, western observers, as well as many members of the Nehruvian wing of Macaulay’s children, have failed to understand the anarchical society which has existed in India for millennia. A recent review (Journal of Economic Literature, September 2009) by Lant Pritchett (a former World Bank official in Delhi) of Financial Times’ former India correspondent Edward Luce’s book In...
More »Don’t uncork the bubbly yet! by Paranjoy Guha Thakurta
That the economies of Asia, in particular China, India and Australia, are responsible for whatever growth is currently taking place on the planet is now acknowledged and underlined by the West as well as by multilateral financial agencies like the International Monetary Fund (IMF) and the World Bank. The 3.5 per cent growth in the American economy in the July-September quarter has enthused many into believing that the worst of...
More »Rapid Urbanization Pushing Local Government Budgets to the Limit in India
Rapid urbanization is placing significant stress on the budgets of India's local governments and more must be done to improve their financial status to enable them to fund infrastructure projects and delivery of essential services. To address the issue, the Asian Development Bank (ADB) has agreed to a request from the Government of India to support a study to assess the state of India's local government finances and identify key...
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