New economics does not accept the orthodox theory that has dominated economics for the past several decades that humans are perfectly rational, markets are perfectly efficient, institutions are optimally designed and economies are self-correcting equilibrium systems that invariably find a state that maximises social welfare...
Introduction The figure of the world is changing fast due to the size of population, technology, public aspiration and development approach. Hunger used to be the problem of developing world but now obesity has also been added to the urgent list . Health care was insufficient and the mortality rate was high but now it… Continue reading Public-Private Partnership: Experience from the UK to Nepal
Nobel Peace Prize Laureate Prof Joseph Stiglitz- former Chief Economic Advisor to President Bill Clinton and World Bank) has claimed that globalisation has been discontents, so He has suggested the way of Making Globalisation Work. In his words: The Washington consensus had paid too little attention to equity. (17) Global warming has become a true challenge of globalization. (17) Economic… Continue reading Global warming has become a true challenge of globalisation: Stiglitz
Populism is, perhaps, a way of becoming popular for ‘vote’ and ‘note’ so that that power is easily captured. Populism is a path of politicians and celebrities who want to be ‘popular’ even being ‘naked’; probably naked is not physically but thoughtfully.
There are attractive photographs or visualisation around the food. Chefs like to display their culinary art in an attractive and decorative way to lure their customers. However, food is more than attractive advertisement and it is a matter of quality, hygiene and nutritional ingredients. A good governance policy must include how ‘food economy’ is being cared.… Continue reading Food: Hygienic or Photogenic
Formal countdown of globalisation has been started when Trump announces his territorial policy. I appreciate to him as he is at least open to tell the fact. If the world still believes in globalised values and norms then it must think how harmony is maintained...
This morning, I had a lovely time to watch Television with strong black coffee and bread and butter. I was updating global news on BBC Breakfast. Hobby is making me crazy. For a conversation Professor Andre Spicer was presented on the screen. Spicer was talking about corporate behaviour. In the answer of a question he… Continue reading Consumers, Employees and Investors are annoying but CEOs get pay rises!
Food bank is the non-profit organization that distributes food to those who are unable to purchase when affecting from natural disaster, weak physical and mental condition, bankrupt, and orphan. There are varieties of food bank models run by charity organisations, community, and churches as well as private individuals. John van Hengel foundedfirst food bank in… Continue reading More Food Waste in Developed Countries
This post was inducted / shared in a public lecturer programme organised by University of Bath-FL, UK. Many thanks to Dr. Steve Cayzer, Lecturer of Bath University for the brilliant presentation:
Trust is one of the most valuable asset in the workplace even all aspects of life. Once trust is lost it is almost impossible to earn back. Many marriages, friendships, businesses or even governments fail because of lack of trust. Trust return in equal measure to how it has been given. It depends on the circumstances too. Conflict between interest lead to mistrust that ultimately lead failure state. So leader is responsible to unify the interest.
There is mistrust going on between bankers and government. Because of ongoing financial crises governments have been seeking support from the bankers to put cap on their bonus. For example news published in The Guardian on Tuesday 4 March 2014 said that HSBC, UK decided to pay its chief executive an additional £32,000 a week in allowances on top of his £1.2m salary, Virgin Money raised the salary of its boss…
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Recently, when gathering in Davos, Switzerland leading economists and academics agreed that ‘‘GDP is a poor way of assessing the health of our economies and we urgently need to find a new measure.’’ Speaking in different sessions, IMF head Christine Lagarde, Nobel Prize-winning economist Joseph Stiglitz, and MIT professor Erik Brynjolfsson stressed that as the world changes, so too should the way we measure progress.’’