On the road to Liberty

My article titled ‘Development, not global regulation, the solution to climate change’, says author of new report was published on International Policy network on December 3 2007. London -- In advance of the COP-10 meeting on climate change in Argentina (6-17 December), the Sustainable Development Network has issued a blueprint on the relationship between climate change and sustainable development. The blueprint emphasises the role of economic development and technological progress in eliminating poverty and enabling people to cope with adverse effects of climate change and other problems. The blueprint concludes that the poor are currently the most vulnerable to disease, flooding, droughts, and other catastrophic natural events. While climate change may make these worse tomorrow, empowering the poor will enable them to improve their lives and reduce their vulnerability today and in the future. Barun Mitra, Director of the Liberty Institute in New Delhi and one of the authors, says th...

The WTO ministerial meeting in Hong Kong failed to break the deadlock at the trade negotiations. But Hong Kong provided the best illustration of free trade, without any negotiations. For the past 50years, the secret of the success of the city has been its open trade policy. In this article published in the Far Eastern Economic Review (FEER), in December 2007, I ask "What Can India Learn from Hong Kong?" There is more than a little irony that the World Trade Organization ministerial is being held in Hong Kong this month. Hong Kong is the epitome of the success of unilateral free trade policies: A few pieces of rock, devoid of any natural resources, the territory today ranks among the most prosperous places on earth. Hong Kong’s success is rooted in the institutions of rule of law and economic freedom. The territory did not negotiate any free trade deal. It just declared it unilaterally, and the rest is history. Yet the contrast between the success of Hong Kong’s unilateral f...