Democracy is, everywhere, a work in progress. Like many other countries, India has imposed electoral quotas to improve the political empowerment of women and racial-ethnic minorities – that is, it has a political system that requires women to be elected to certain leadership positions. These rules represent a form of affirmative action, but they also resemble a feature of our own Constitution that reserves space in the Senate for two representatives...

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...

It is official now that the poverty in India is much more than earlier estimated. The Suresh Tendulkar Committee report submitted this month (December 09) estimates poverty in India at over 37 per cent (2004-5) and not at 28 per cent as calculated earlier. With recent price rise in food items factored, the current level could be even higher (See the link of the report below). The Government of India had...

The global drive to eradicate malaria is beginning to show dividends, with more than a third of the most affected African nations slashing the number of cases of the deadly infection by half, according to a new United Nations health agency report released today. The 2009 World Malaria Report, produced by the World Health Organization (WHO), said that funding to fight the mosquito-borne disease had more than doubled, from $730...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...