OPINION
EDITORIAL
Engagement by economics
THAT TWO TECHNOCRATS are at the helm in Pakistan and India should ordinarily lead to some optimism about the future of economic relations between the two countries. But the maiden visit of the Pakistani Prime Minister, Mr Shaukat Aziz, to New ...
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INSIGHT
Labouring for nine, you brother mine
MORE than the markets, it seems the brothers have to come to terms with each other, because the past days' news hint that the clash in the Ambani clan may head to the courtroom. Brother is "a male who has the ...
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ECONOMY
`You name it, we will make it'
The statistical profile of Taiwan's achievements in recent times has been, to say the least, impressive. In macro terms, GDP has risen from $1.6 billion in 1952 to $48 billion in 1982 to $281 billion in 2002. With a population density among the highe st in the world (the island's population is 23 million), the per capita income has risen from $196 to $2,819 to $12,572 over the same period.
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Victims of insularity
Naxalites, and defiant leaders of Kashmir and the North-East complain that government has kept them poor. In truth, they are poor not because the government has given them too little but because they have had no vision. They are insular; they do not want to be in the mainstream. They are unaware of how the world has changed. They know how to make headlines but not how to make bread and certainly not how to make butter, says P. V. Indiresan.
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FOREX
Default by stealth: The declining greenback
ECONOMIC history is full of stories of rulers bringing down the value of their debt by debasing their currencies. They repay their creditors in currency of lower intrinsic value than they borrowed in. A more ...
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RETAILING
A big deal in US retail
While the recent announcement of the Kmart and Sears combine has raised speculation as to whether the store would be an effective challenge to Wal-Mart, the more relevant question is whether it should even try and challenge the retail giant. The answ er is, `no'. Instead, the new combine should carefully segment the retail market and find attractive niches that it can exploit.
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ECONOMIC OFFENCES
Law's course
THERE are two memorable legacies the former Prime Minister, Mr P. V. Narasimha Rao, has left for the Indian polity. One was the opening of the Indian economy with the able assistance of his Finance Minister, Dr Manmohan ...
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LETTERS
LIC clarifies
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