Skip to main content

Posts

Showing posts from 2011
Timely Vaccination Can Protect Precious Little Lives from Vaccine-preventable Diseases—Save a Child, Save a Life, and Save a Dream.

Decentralization, Good Governance and Public Private Partnerships

Will the division of a large state to several smaller states enable better administration or development of regions in question? Perhaps, the solution lies in decentralization of administrative functions, rather than the division of a state. But decentralization in itself would not deliver the desired results. Equitable and balanced regional development could be achieved through the combination of DGPP - Decentralization, Good Governance, and Public Private Partnerships. A small administrative region could be a handicap if the same is not backed by good governance or is characterized with political instability. Good governance is crucial for removing the bottlenecks in development and ensuring planned development of villages, towns and cities in the respective regions. Again, decentralization should be complemented with Public Private Partnerships at the district level to achieve the desired development goals, address employment issues, improve surface transport facilities, deliver …

Walking the Talk with ASEAN and Revitalizing SAARC

The Prime Minister has urged for a Comprehensive Economic Cooperation Agreement (CECA) with the Association of South-East Asian Nations (ASEAN), the association, which is growing in significance with every passing year. The growing political and economic significance of the region was evident with the active participation of the United States (U.S). Greater diplomatic engagement and enhancing trade ties with ASEAN holds high significance for India, which has began to walk the talk on its Look East Policy. At the same time, the 10 countries of the region, would continue to enhance their cooperation with China, Japan and South Korea within the ASEAN Plus Three Framework. In recent times, U.S and European countries have been more proactive in their engagement with the South-East Asian countries. As such, in the emerging global scenario, India needs to continue to strengthen the South Asian Association of Regional Cooperation (SAARC). 
For a change, the recent SAARC Summit …

Over 7 Billion - It's time to Relook, Reevaluate and Evolve New Solutions

The global human population has crossed the 7 Billion mark today. Significantly, it has taken just over 2 centuries for the global community to grow 7 times of their size from around 1 billion at the beginning of the 19th century to over 7 billion in 2011, and we may well double ourselves over the next century. We at India are inching closer to the 18% of the total world population. While the human population has made remarkable strides, poverty, malnutrition, high infant death rates still plague considerable members of the population. Many countries are dealing with internal discord and external strife. Terrorism and war between nation states have considerable impact on the lives of the people for decades and generations to come. Wars have considerable impact on the economies of all countries involved. Several countries may not reach the desired United Nation's Millennium Development Goals by 2015. Ensuring proper healthcare facilities remains a challenge. The damage caused to t…

Factoring People's Expectations

Thomas J. Sargent and Christopher A. Sims share this year's Sveriges Riksbank Prize in Economic Sciences. Unlike other Nobel Prizes, the Prize for contributions in the field of economic sciences was established by Sveriges Riksbank, the Central Bank of Sweden in memory of Alfred Nobel.

The duo are known for incorporating people's expectations in  empirical research. If we see in hindsight, and recent developments, people's expectations matter a lot, and play a crucial part in policy making of the Central Banks. The award would certainly encourage further interest in empirical research worldwide. Watch and hear the Nobel Laureates speak on the Princeton University Website.

Regional Development Approach for Resolution of Social and Economic Grievances

Lack of balanced regional development is one of the major reasons for inter-state or regional disputes, and demand for creation of new states. The development model could be designed based on the geographic, socioeconomic and ethnic environment of a particular region. For instance, promotion of handicrafts, handlooms and tourism industry may help in the development of areas with considerable tribal population. Eco-friendly power generation projects could help in the development of the hilly region, without causing environmental damage. Innovative schemes such as agri-tourism projects may aid in the development of  major food producing destinations. Many countries across the world such as Italy, Philippines and Australia, among others are promoting agri-tourism. One such scheme is being implemented in the state of Maharashtra in India. However, the success of such scheme depends on proper planning and creation of awareness among farmers and visitors. Delays in the completion of projec…

Bottom to Top Development Approach through Better Use of the Federal Structure

India is fourth largest economy in the world and is poised to overtake Japan in the near future. However,  the benefits of developments has not reached every Indian. Indian economy has performed well even during the periods of recession over the last decade. The world is facing a similar scenario again. Therefore, it is imperative for the government to strengthen the fundamentals of the Indian economy. The country has a federal system of governance, but we still face problems in implementation of welfare schemes and development programs. Issues and disputes remain unresolved for years and decades. The time has come to leverage the federal structure and make efficient use of the Panchayats, municipal bodies and district administration to implement welfare programs, and introduce new development schemes at the village and district level. State governments can create a district development model. To begin with, they can develop a pilot scheme for the development of each village or town …

Way Forward for India: Development of Small Cities and Towns, Creation of Knowledge Hubs

India has made significant progress over the last two decades. The demographic dividend is also playing a crucial role in its growth and development. The stage is now set for a more proactive role in the global economy. As such, it is imperative for India to make best use of its human capital and skill sets in an era, where knowledge is increasingly being considered as the differentiating factor in providing competitive advantage to the economies. 
India's growth in the recent years has been primarily driven by the service economy, wherein major cities have played a vital role. However, the growth has also resulted in overcrowding of cities. India's future success story and advancement depends to a large extent on the growth of the small towns and cities, which have tremendous scope for infrastructural development. The youth in these small towns and cities have a lot of hidden potential, which needs to be leveraged. They have the potential to become future managers, entrepre…

Lessons from Thailand

When we talk of Thailand, the Land of Smiles, the impressions that first strike the mind, are its rich culture heritage, Temples, Spas and Resorts. However, Thailand has much more to offer. Thailand was the bright star of the "Asian Economic Miracle", before the disastrous financial crisis of 1997. 
The Thai One Tambon, One Product Scheme (OTOP) offers unique way to promote balanced regional development and economic prosperity. The scheme, which was first initiated in Japan has been hugely successful in Thailand. Tambon refers to a sub-district or local administrative unit. The country has over 7200 Tambons. The scheme aims at encouraging villages to develop and promote a unique product from the region. Tambon fairs and festivals are organized every year, providing opportunity for villagers and entrepreneurs to showcase their products. The products range from handicrafts and clothes to beverages, jewellery products and home decor. Smaller countries may customize the scheme …

Indigenous Strategies for Economic Development and Social upliftment

Various regions of the world have diverse geographic, socioeconomic, ethnic, demographic, cultural and political environment. The issues and challenges differ from region to region. While some countries have homogenous societies, others have hugely diversified cultures and social strata. There also exists a significant difference in the way people react to issues of social, economic and political concern.  An economic development strategy, which may have worked in one region of the world may not necessarily bring the desired development in other parts of the world. As such,  different regions must strive to develop their own or customized strategies of economic development and balanced regional growth, while learning lessons from the experiences of other regions of the world. Even if they attempt to emulate a particular model or strategy, it must be re-designed by taking cognizance of the issues and challenges faced by the country. This would help improve the standard of living and b…