Economic Development

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  • 16 December, 2013

The climate and trade tango

India has emerged as a “voice” in climate change and trade negotiations. At the recently concluded trade talks in Bali, the Indian government was insistent that the rights of poor farmers should not be compromised; in climate change it has raised the matter of equity in sharing global atmospheric space. The already industrialised countries say India is obstinate, strident and unnecessarily obstructionist in crucial global debates. The problem is not that India is loud—that it must be.

  • 14 September, 2013

Call the monitor

In Goa mines are closed. In Bellary, iron ore mines, once closed, have been opened on the condition that they will now follow a plan for environmental restoration and will not indulge in unseemly and distasteful activities. But the institutions for checking the reformed miners are still in disarray. They cannot monitor and enforce the rules. So, believe it or not, little will actually change in the Bellary landscape.

  • 01 December, 2011

Count the natural debt, too

Now that Europe’s debt crisis is unfolding all around us, shouldn’t we question why the world is determined to live beyond its means and not worry how it sabotages our common future? The debt crisis is a mere symptom of a deeper malaise. The fact is that countries, private companies and individual households can run only if they can borrow against their assets and hope that the debt will grow slower than the value of their asset. Most financial analysts will now tell you that this business is doomed because of the Ponzi scheme nature of the loan business, where borrowing is used to speculate to get more loans and so repayment becomes difficult and over time impossible.

  • 17 October, 2011

The bogey of green clearances

The environment is holding up growth and economic development. This is the common refrain in circles that matter. So when the Group of Ministers tasked to resolve the issue of coal mining in forests asked for a report on what needs to be done, it was told that the best would be to dismantle green conditions, almost completely.

  • 03 October, 2011

20 years to...where?

Next year, in June, world leaders will get together in the joyful city of Rio de Janeiro, Brazil, to mark 20 years of UNCED—the Earth Summit (see Down to Earth, May 15, 1992).

  • 16 July, 2011

Land is more than just that

My article last fortnight about people’s fight against POSCO has brought me interesting responses. They call for clarifications and further discussion. The question is about the value of current livelihoods of the people of coastal Odisha. Is earning from betel nut farming being exaggerated to reinforce the romantic and misinformed view that people are fighting projects because they are better off today? The equally valid question, then, is: why are the people so apparently poor if they are earning Rs 10-17 lakh per hectare (ha) each year as I had said?

  • 17 November, 2010

ABCDE of Obama's sales pitch

There is no doubt US President Barack Obama was in India on a business trip. His recent electoral losses weighed heavily with him when he stitched up deals, reportedly worth US $10 billion, that would create about 50,000 jobs back home.