-The Hindu We cannot permit gross inequality-linked deprivation to leave its malign signature on the lives of those who are yet to come. As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of the markets and financial speculation, and by attacking the structural causes of inequality, no solution can be found for the world’s problems. Inequality is the root of social ills. —...
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Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »A richer approach to poverty reduction -Shailaja Fennel
-The Hindu Business Line India can learn from Brazil’s Bolsa Familia and China’s Gansu Programme to make refinements to its MGNREGA scheme. The development experiences of Brazil, China and India provide a valuable opportunity to understand the relationship between growth and distribution over periods of high rates of growth. The growth story playing out in all the three emerging economies have resulted in large regional as well as spatial inequalities, between rural and...
More »Secondary Education in India: Universalizing Opportunity
* Secondary education is critical in breaking the intergenerational cycle of poverty. * The number of secondary school students is expected to increase from 40 to 60 million over the next decade. * India needs to prepare now for this expansion and improve the quality of secondary education provided. In today’s global knowledge economy, education plays a vital role in determining a country’s economic growth and its people’s standards of living. Importantly,...
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