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The free market secret of the Arab revolutions
Published on : Tuesday, November 08, 2011
In the wake of the overthrow of three autocrats, not enough credit has been given to the mighty consensus that triggered the uprising- the desire of a vast, underclass of people to work in a legal market economy. If Middle Eastern and African new leaders want to make a difference their agenda has to include tackling the nitty-gritty institutional deficiencies that make most Arabs poor, otherwise, they will eventually open the doors to the anti-democrats and enemies of modernity, says Hernando de Soto in ‘Financial Times’.
'Fair Trade'? Free Trade Is Fair Trade
Published on : Monday, December 27, 2010
The mercantilist call for "free trade but fair trade" sounds reasonable on surface as fairness is a concept no sensible person can be against. Would you support a person who argued that he was for free religion but fair religion, or he was for free speech but fair speech? Would you be supportive of government efforts to limit unfair religion and unfair speech? How might life look under a regime of fairness of religion, speech and the press?, writes Walter Williams in Investors.com
Firming up free trade
Published on : Thursday, November 11, 2010
A high-level expert group will provide recommendations on boosting global business through trade liberalisation.The United Kingdom, Germany, Indonesia and Turkey are the countries which have set up a group of eminent trade experts to provide analyses and recommendations in support of trade liberalisation and revitalise the struggling Doha Round of World Trade Organisation negotiations. Important areas would be tarrif liberalization and disciplining rules, writes T S Vishwanath in Business Standard.
Worry Over Trade Deficits
Published on : Wednesday, November 10, 2010
The annual trade deficit of the United States is less than fouir percentage of the country's GDP. It is not something ordinary Americans should worry about. Americans buy more goods and services from foreigners than they buy from us. Americans are not made worse off by the $ 70,000 current account trade deficit, writes Walter E Williams in Townhall.com.
Stealth Protectionism
Published on : Wednesday, November 10, 2010
Most world leaders reject the idea that protectionism would be an appropriate response to the financial crisis which happened three years back.The United States, however, has adopted a protectionist policy by devaluing the currency. The federal reserve is urging people o consume more by creating money out of thin air. It hasn't worked in the way it was supposed to work, writes Alvaro Vargas Llosa in Independent Institute Newsroom.
Obama calls on India: Is anyone listening?
Published on : Tuesday, November 02, 2010
The United States President Barack Obama is visting India this week.India ranks high in the list of countries in which the United States has popular appeal, and is it's thir largest trading partner. Most Indians, however think that the US wants to restrict free immigration, outsourcing and trade. Obama is likely to relax the barriers a bit, though some of it is not likely to happen anytime soon. While Clinton recieved a euphoric response from the Indian people, and Bush got a mixed one, Obama failed to get enthusiastic support as of a lack of a broad vision, writes Barun Mitra in the Liberty Institute website.
In Bush's Footsteps in India
Published on : Tuesday, November 02, 2010
The United States President Barack Obama is visting India this week. The expectations of the Indian public are low. For the first time, the India has agreed to buy U.S. fighter aircraft and the U.S. has agreed to sell military equipment to India. Yet the Indian government is unable to bell the cat, unsure of the political cost. While Clinton recieved a euphoric response from the Indian people, and Bush got a mixed one, Obama failed to get enthusiastic support as of a lack of a broad vision, writes Barun Mitra in The Wall Street Journal.
Global tenders for govt procurement, please
Published on : Sunday, September 12, 2010
To project jobs, Ohio Governor Strickland has banned outsourcing by companies getting state government funds, which has led to much protests in India. Similar rhetoric was used after the 2001 recession, when US politicians inveighed against the “export of US jobs” . Protectionism is selfdestructive in anything but the short run. India itself flourished after selfsufficiency was replaced by trade interdependence, writes Swaminathan Aiyar in The Economic Times.
Spot Fixing And Cricket
Published on : Tuesday, September 07, 2010
Most of the match fixing scandals in the past had Indian's or Pakistanis involved in it. It has happened over a course of time. It is a myth that the problem will go away if sports betting is legalized. Match fixing is not as straight forwars at present. Episode fixing and online betting has emerged in the recent past.Spot fixing is most lucrative when the odds are volatile and when there are high chances of one bad or good over or one dismissal affecting the odds, writes Ashok Malik in Yahoo News.
Tiger Preservation in a Nutshell
Published on : Thursday, September 02, 2010
China signed an international convention which bans the trade of tiger parts in 90's. Tiger skin and bones are best selling commodities in many parts of the world. People who want a ba sould be willing to bear the cost of maintaining tigers. It shouldn't be forgotten that pigs are doing well under captive breeding., when it a new thing to breed tigers. Banning poaching would be similar to a ban on all traffic to avoid traffic accidents. Tigers could be preserved only through free trade, writes Dean Peng.
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