Writing for The Hindu, India’s national newspaper, C. Rangarajan outlines the concept of economic globalization and its problems. One of the concerns of the current period of globalization is its connection to unequal distribution of wealth within and between countries. Looking at ‘developing...
It is very difficult to trace the changes in the distribution of income within countries directly to globalisation. Trade liberalisation need not necessarily come in the way of adopting poverty reduction policies...
Nations that rely on oil imports are closely monitoring global supply after attacks on a Saudi Aramco facility cut half that country’s production capability, representing about 5 percent of the world’s supply. Crude and refined petroleum lead South Africa’s imports, most from Saudi Arabia. “South...
The Philippines educates and trains nurses for work overseas, but the number available for workplaces at home is sinking. Fewer people enter nursing or pass the board exams. Turnover rates are high with dissatisfaction over wages. “Between 2012 and 2017, 92,277 nurses left to work overseas,”...
Prices are climbing for oil, the most traded commodity on global markets and the world’s leading energy source. Much production is in volatile regions, and it comes as little surprise that production and trade in crude oil and refined petroleum products have produced a flourishing illicit market...
Hot commodity: High energy prices can encourage black markets, and oil from a makeshift refinery in Idlib, Syria, can eventually make its way to tankers destined for Europe or the Asia Pacific (Reuters)
BERKELEY: Oil is still the world’s leading...
Although the consequences of global warming are painfully vivid, some scholars still question whether it requires urgent action. In January, a group of scientists, including those from the United States, Australia, France and the Netherlands, summarized reasons for their skepticism and opposition...
Burning coal, melting glaciers: Greenhouse gases emitted by plants in cities trap heat (top); rushing water from a melting glacier adds to rising sea levelNEW HAVEN: A January 27 opinion piece in The Wall Street Journal by a group of 16 scientists...
India is poised to overtake China as the world’s most populous country by 2024. Poverty is linked to fertility rates, and individual and government attention to population trends contributes to sustainable development. Both China and India have reduced fertility rates and poverty since 1950, when...
Demographic rise: India’s rising population will need sustenance from expanded IT and other skilled workers; the country must contend with a preponderance of male children
NEW YORK: By 2024, India will slip past China to become the most populous...
Trade offers many benefits for economies, and the outlook for the United States is not as grim as some political leaders suggest. Still, there are challenges for the US-Chinese trade relationship, explains Farok J. Contractor, professor at Rutgers Business School. The United States does have a...
China balance: Chinese exports in good to the US surge – and so do American technology and service exports to China
NEW BRUNSWICK, NEW JERSEY: Acting on his campaign rhetoric that China is “raping our country,” US President Donald Trump announced...
In the Middle Ages, spices were valued commodities, but not, as most people assume, for their ability to preserve meat. Rather, it was because medieval cuisine placed a premium on a variety of flavors. Spices were also thought to have medicinal properties, adding to their allure. These are only...
Harvesting pepper near Quilon, south India in the 14th Century: Desire for flavor fueled building of empires. Image from Marco Polo's Livre des merveilles.
The control over gold, silver, precious metals and recently oil has been a source of...
