India faces a serious challenge of dealing with joblessness despite statistically being the world’s fastest growing economy. The spread, depth and intensity of the problem, especially among the educated youth, is not reflected the latest unemployment number of 4.9 per cent in 2013-14. This estimate captures the chronically unemployed – those who sought or were available for work for the major part of the year – but it rarely figures in public discourse as the rate is relatively low and stable over time. Another reason is that the economy continues to generate employment opportunities even if they are largely casual or temporary in the informal sector.
The Mexican government has increasingly turned to public–private partnerships (PPPs) to build infrastructure in the energy industry and other areas. But critics say this system operates under a cloak of opacity and is plagued by the discretional use of funds.
Prime Minister Narendra Modi had a meeting with India Inc. to discuss the global economic crisis and how the country can seize the emerging opportunities. The National Democratic Alliance (NDA) government does believe this crisis is indeed an opportunity as the economy’s fundamentals remain strong.
U.S. activist Vera Scroggins has been sued five times by the oil industry, and since October 2013 she has faced a restraining order banning her from any properties owned or leased by one of the biggest players in Pennsylvania’s natural gas rush, Cabot Oil & Gas Corporation.
The Lula development model that lifted 35 million people out of poverty and raised living standards for another 20 million people during the governments of President Luiz Inácio Lula da Silva (2003-2011) has run its course.
Many well-meaning people who would like better governance have been misled into insisting on so-called ‘good governance’ reforms, with the expectation that this would lead to development.
Prime Minister Narendra Modi's 'Make in India' programme is inspired by the East Asian manufacturing export success story of development. Earlier, when he was chief minister of the state of Gujarat, he expressed an ambition of modeling the state on South Korea.
Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”.
Young people in Cuba are anxiously awaiting an acceleration of the informatisation of society, which is apparently moving ahead at the same pace as the current reform process, “without haste, but without pause,” according to the authorities.
After forming governments, authorising them to tax us and to spend on our collective needs, do we remain watchful about our money? No, we don’t. Not even when we know governments borrow from money markets on the strength of the tax fund created, often beyond our means to repay. Why?
Recent years have seen a remarkable resurgence of interest in economic inequality, thanks primarily to growing recognition of some of its economic, social, cultural and political consequences in the wake of Western economic stagnation.
Globally, more than 748 million people do not have access to safe drinking water. That is more than double the population of the entire United States.
Besides suffering from macroeconomic imbalances, like a drop in GDP, a high inflation rate and a large public deficit, Brazil is experiencing heavy losses as many oil industry and logistical works grind to a halt.
Rowan Foley has spent many years as a ranger and park manager, caring for Uluru–Kata Tjuta National Park Aboriginal lands in the spiritual heart of Australia’s Red Centre in the Northern Territory. He has been observing the effects of soaring temperatures and extreme weather events on his people, residing in some of the hottest regions of the country.
In the case of the Belo Monte hydroelectric dam in Brazil, the projects aimed at mitigating the social impacts have been delayed. But in other cases, infrastructure such as hospitals and water and sewage pipes could improve the image of the hydropower plants on Brazil’s Amazon rainforest rivers, turning them into a factor of effective local development.