Articles

In 1998, Islamic terrorists exploded bombs in US embassies in Kenya and Tanzania. President Clinton of the US was outraged, declared war on terrorism, and sent American planes to bomb terrorist camps in Afghanistan and a factory in Sudan. Did […]

Nobel Laureate Amartya Sen says that democracies have, without exception, abolished famine. A free press and lively opposition ensure that early warnings are given about drought and starvation, and political competition obliges the ruling party to take remedial as well

Why did the US economy, which in the 1980s seemed likely to be overtaken those of Japan and Europe, suddenly accelerate in the 1990s and leave others far behind? Forget the usual economic explanations. The main reason is cultural. The

Why did the US economy, which in the 1980s seemed likely to be overtaken those of Japan and Europe, suddenly accelerate in the 1990s and leave others far behind? Forget the usual economic explanations. The main reason is cultural. The

What does the gunning down of Phoolan Devi have to do with economic reform? A lot. The whole premise of economic reform is that the government should stop doing things that can be left to private enterprise (like running steel

The Dabhol Power Corporation (DPC), once touted as the showpiece of foreign direct investment in India, is now a shut-down wreck. Why? Because it failed the commercial test of satisfying consumer demand. It created too much production capacity (2,144 MW)

Although the Vajpayee-Musharraf summit failed to produce an agreed statement, many observers claim that considerable progress was made in areas like commercial exchanges or Sir Creek. One draft okayed at the foreign minister level made no mention of Lahore or

In the run up to the Vajpyee-Musharraf summit, reams of figures have appeared in the media pertaining to Kashmir. Mostly they are about the number of people killed. Yet everybody seems to keep silent on the most remarkable figure of

The slowdown in the economy and consequential slippage in the tax collection are likely to increase the government\’s market borrowings in this fiscal. In an overall situation, this might not be a good news for the investors, but in short

Humans love horror stories, which is why R.L. Stine is a best-selling author. So I am not surprised by the popularity of horror stories being invented about genetically modified (GM) foods and cotton. A recent news item says, in apocalyptic