After Copenhagen, there is no “developing world” — there are several. About 45,000 travelled to the U.N. climate summit in Copenhagen — the vast majority convinced of the need for a new global agreement on climate change. So why did the summit end without one? Key governments do not want a global deal: Until the end of this summit, it appeared that all governments wanted to keep the keys to...
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Joan Mencher interviewed by Vikhar Ahmed Sayeed
Interview with Joan Mencher, an anthropologist who has worked in India for long on issues such as agriculture, ecology and caste. JOAN P. MENCHER is a Professor emerita of Anthropology from the City University of New York’s Graduate Centre and Lehman College of the City University of New York. She is the chair of an embryonic not-for-profit organisation, The Second Chance Foundation, which works to support rural grass-roots organisations...
More »Decade of debt-fuelled boom and bust by Larry Elliott
Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...
More »Built on illusion by Jayati Ghosh
The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...
More »Price-busters on way
The government is planning to augment the supplies of essential items through imports to rein in food inflation which has flared up to a decade high of 19.95 per cent in the first week of this month. “Food prices are going up and this is an area of concern ... We have to take appropriate measures to see what best can be done by increasing the supply through imports,” finance minister...
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