Work conditions for sand miners vary starkly. In Cambodia and southwest China, highly mechanized sand mines offer little local employment. In Nepal, labour-intensive sand mines may employ hundreds of people. And, in Myanmar, households living along rivers may be involved in informal river sand collection. A sand mine in Nepal. Growing urbanization and its need… Continue reading The global appetite for sand and fuelling crisis
A wave of thoughts came into my mind about the new economy after reading some mind-blowing books written by Amartya Sen, Joseph Stiglitz, Robert Shiller, Thomas Picketty, Jeffery Shacks and Paul Collier. They have put the global population – who have very limited access to the resources - at the centre of their debate and raised a concern… Continue reading COOPERATIVE: Ideal for an Egalitarian Big Society
Nepal has gone through the political quagmire and uncertainty since a long. This is not only a case of specific country but also a notable problem of the homeland of more than half of the world’s population. Those countries and their hard working honest people are suffering from the by-products of global ‘aid, trade, security… Continue reading Global Development: Reasons behind the Region’s Instability
Even if Chinese economic institutions are incomparably more inclusive today than three decades ago, the Chinese experience is an example of growth under extractive political institutions. Despite the recent emphasis in China on innovation and technology, Chinese growth is based on the adoption of existing technologies, not creative destruction.