-The Nation The labor campaign confronting Walmart in the United States is planning an international escalation for tomorrow. In partnership with the global union federation UNI, the union-affiliated group Making Change at Walmart is supporting a “Global Day of Action,” with participation expected from Walmart workers in Argentina, Brazil, Canada, Chile, India, Nicaragua, South Africa, the United Kingdom and Zambia. The day’s main US protest will be a Miami demonstration featuring...

-The Indian Express FDI in retail will bring competition to non-tradable services, and make Indian firms globally competitive India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers can introduce competition and increase productivity. But these often involve complicated and...

Introduction It is a triple honour to be asked to deliver the S. Guhan Memorial Lecture. It is a triple honour because the lecture is being delivered in the city where I grew up. It has been organized by the Consumer Action Group, a group whose work I have known and come to admire over the past two decades. And most Important, the lecture is held in the name of an...

-Outlook The Cabinet Committee on Economic Affairs (CCEA) today approved a urea investment policy that is likely to incentivise fertiliser firms setting up new plants and expanding existing capacity. India Imports over 30 per cent of urea requirement and the policy aims at reducing that. But, it is unlikely to have any impact on existing prices. "The new urea investment policy has been cleared," sources said after the CCEA meeting here. The policy, which...

-The Indian Express Too many of our economic prescriptions are based on dogma, empirical half-truths It has become fashionable to say, following the conclusions of Michael Spence’s Growth Commission, that there is no single recipe for growth, only some common ingredients. Such a claim brings a due degree of modesty to what we do or do not know about growth. And at the very least, such a claim has the virtue of...