Sugar, to mix one’s metaphors, is heading for a perfect storm. And this is being made because of our own policies. By the year-end, retail prices of sugar in Delhi and Mumbai may cross the Rs 40 per kg barrier — an almost 150 per cent increase in less than 15 months. And no, you can’t blame climate change or monsoon failures for this. So, what triggered the sugar crisis? In...
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Seeds of trouble by Latha Jishnu
Who is afraid of the multinational seed giants? Practically everyone, it seems, barring governments. The more enlightened agricultural scientists, the legion of activists, small farmers and plant breeders across the world have all been worried by the fast dwindling biodiversity and consolidation of the global seed trade through patenting. Now, the UN has joined the chorus of concern but unfortunately its notes, perhaps because it was distant and bass, or...
More »Agriculture and Food Security Initiative Gains Momentum at G20, World Bank-IMF Meetings
Some 800 million people in the world were malnourished even before the food and economic crises hit. Now a push to confront this longer-term problem is picking up steam. Leaders at recent global gatherings agreed to back a multibillion dollar initiative to boost agriculture and food security in low-income countries. Discussions on the overall design and level of funding are continuing. In September, the G20 asked the World Bank to...
More »Measuring progress by Jayati Ghosh
A commission set up to look into alternative ways of measuring economic and social progress has added to the existing debate but not made any real advances. FOR some time now it has been clear that standard measurements of growth and development are inadequate and possibly even misleading. The problem of looking at only the aggregate gross domestic product (GDP) has been widely noted: its blindness to distributional issues and...
More »Missed policy opportunity by Jayati Ghosh
Did we just miss a major opportunity? For short while, it seemed that the global financial crisis would focus minds on what is wrong with the current economic growth model and how we can go about changing it. Unfortunately, that moment seems to have passed, at least until the next crisis comes along (which, in current trends, will not be long, since all the major forces that led to the...
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