- Crop stress mounts, conditions drop | USDA – Jeff Caldwell (Agriculture.com)
- China’s Trade Surplus Surges To $31.7 Billion, A Three Year High – Eric Platt (Business Insider)
- Why China Can’t Adjust – Minxin Pei (Project Syndicate)
Monthly Archives: July 2012
Interesting Links of the Day – July 9, 2012
- Teck temporarily withdraws Chile copper project application – Andy Blamey (Platts.com)
- U.S. corn growers face losses as heat spreads – Jeff Wilson (Futures Magazine)
- The Economics of Reducing Poverty – Adam Ozimek – (Modeled Behavior)
Interesting Links of the Day – July 6, 2012
- Latency and the Exchange Ecosystem – Ari Studnitzer (CME Group)
- Can platinum stocks shine again? Sarah Turner (Market Watch)
- Here Are The Jobs Report Predictions From Wall Street’s 24 Best Economists – Eric Platt (Business Insider)
Interesting Links of the Day – July 5, 2012
- Exporting Natural Gas: How Close Are We? Debbie Carlson (CME-Group)
- Europe’s Winners and Losers – Joschka Fischer (Project Syndicate)
- Blackfriars station, the world’s largest solar bridge – big picture – (The Guardian)
Interesting Links of the Day – July 4, 2012
- CHART: The 10-Year US Treasury Note Yield Since 1790 – Sam Ro (Business Insider)
- Wealth and the endogeneity of behavior – Jed Friedman (World Bank)
- Stimulate to accumulate? Growth vs. austerity – Neil Staines (TradingFloor.com)
Interesting Links of the Day – July 3, 2012
- The U.S. Census Bureau: Measuring America’s People, Places & Economy Through the Decades – Infographic (US Census Bureau)
- Rich cities: Cities that lead in high-income households – G. Scott Thomas (The Business Journals)
- Oil at six-week high on Iran worries – Claudia Assis and V. Phani Kumar (Market Watch)
Interesting Links of the Day – July 2, 2012
- Europe’s bank recapitalisation: The creation of a new stigma? TomasBerggren (TradingFloor.com)
- Mismeasuring Poverty – Mark Levinson (The American Prospect)
- Failed States Index belongs in the policy dustbin – Claire Leigh (The Guardian)
The Top 10 Challenges for India
India is a country with extraordinary problems due to the size of its population. At the same time, it has extraordinary potential which may be realized if it can implement some major changes best identified in a paper released by Goldman Sachs in 2008 (PDF). According to the study, there are ten key areas where reform is needed:
- Improve governance
- Raise educational achievement
- Increase quality and quantity of universities
- Control inflation
- Introduce a credible fiscal policy
- Liberalize financial markets
- Increase trade with neighbors
- Increase agricultural productivity
- Improve infrastructure
- Improve environmental quality
I believe the only controversial item in the list above may be number six, given the disastrous effects that financial market deregulation had in the US in recent years. Nevertheless, the nine other recommendations are still highly relevant and fundamentally sound. Do you agree?