Category Archives: Employment and Livelihoods
PM Arrives For G20 Summit, Against Protectionist Sentiments
Prime Minister Manmohan Singh arrived for the G20 summit cautioning against protectionism while declaring it was in India’s interest to have an “open, stable and rule-based” international economic environment including in trade and investment flows. “Given the vast development challenges we face it is in India’s interest to have an open, stable and rule-based international […]
Financial Regulatory Reform Likely At The G20 SUMMIT 2010
The leaders attending the Seoul G20 summit will discuss and may wrap up regulatory reform on global financial market, Dong—soo Chin, Chairman of the financial services commission of South Korea, said here on Thursday.
G20 Struggles To Find Common Ground On Disputes
Major nations struggled on Thursday to break a deadlock on how to fix the global economy as President Barack Obama warned the U.S. cannot continue to be a profligate consumer on borrowed money. Obama and the leaders of China, Japan, Germany and South Korea were also scheduled to hold a flurry of one-on-one talks bound to […]
India To Clock Pre-Crisis Growth Next Fiscal: Manmohan
Prime Minister Manmohan Singh on Friday told the global leaders that India will revert to its pre-crisis economic growth rate of 9 per cent in the next fiscal. “We grew at 9 per cent in the four years prior to the crisis, but slowed down to 6.7 per cent in the 2008-09,” Dr. Singh said, […]
A Summit For All The People: The Seoul G-20’s Excluded Voices, And Ending Poverty
This week’s Summit in Seoul is a milestone as it is the first time that the G-20 Summit has been held in the Asia-Pacific region, now the emerging centre of gravity for the world economy, where the dynamic economies of China and India are leading the global recovery. But the Seoul Summit is also to be […]
G20 Talks Resume In Seoul
Group of 20 (G20) leaders faced calls to place cooperation above competition as they resumed their talks in Seoul Friday. The first round of discussions in the South Korean capital saw acrimony prevail, with exporting powerhouses China and Germany criticising the US’ monetary policy which has led to a weak dollar — and leaders expressing differing […]
What Is The G-20
The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
Structural change and inequality
One important indicator of the effectiveness of economic policy is the manner in which it alters the basic socioeconomic structure of a country. Some 20 years after many of the economies of the world changed track — moving away from an active economic role for states towards liberalisation and globalisation — there is evidence that […]
‘9.4% Unemployed, Agriculture Accounts For Less Than Half Of All Jobs’
A first-ever survey by the Labour Bureau under the Union Ministry of Labour has shown that chronic unemployment — being jobless for more than six months — in India for 2009-10 stands at 9.4 per cent of the population, more than thrice the 2.8 per cent estimated by the National Sample Survey Organisation (NSSO).
Poverty In India
Indian economic growth has been accelerating steadily over the last few decades and may well exceed ten percent per annum in the near future. Yet India as a whole is still quite poor, and the poorest Indians are among the world’s poorest. The average Indian’s income (measured at purchasing power parity) is $3,100. The average […]