On the road to Liberty

Brazil, China and India have all provided glimpses of their potential. Brazil has been talked of as a potential economic super power for over a generation now. China has greatly enhanced its prospect over the past two decades. India’s economic promise is beginning to attract attention in the past decade. While the prospect of economic growth and prosperity look promising, the potential is clouded by fundamental weaknesses regarding the property rights regime that could mar their prospect of fulfilling their own promise. This is an article I wrote after a trip to Brazil to attend a conference, in May 2007. Going beyond land: The Case for Securing Property Rights in Brazil, China and India Land is an emotive issue in most societies. But land is also the most basic of economic assets. Therefore, the way land rights, or property rights, are protected provide a good indication of the economic health of the country. On a recent trip to Brazil, I was surprised to see the intensity of fe...

The international gathering of tiger conservationists in Kathmandu this week will be in a sombre mood. The number of wild tigers is at an all time low. The decibel of the debate over the relationship between economic development and environmental quality is at an all-time high. Are conservation and commerce compatible? Can we harness the consumer demand for tiger parts help stave off the possible extinction of tigers in the wild? Can villagers living near forest benefit from the wildlife in their vicinity? I try to answer some of these question in this article, " Conservation for commerce " , published in the Hindustan Times, on 18 April 2007. The international gathering of tiger conservationists in Kathmandu this week will be in a sombre mood. The number of wild tigers is at an all time low — between 2,000 and 3,000 — probably half of what was believed a few years ago. The decibel of the debate over the relationship between economic development and environmental quality is...

Populism may be an inherent part of democracy, but one must be wary of opportunism. I review the book, 'Can India grow without Bharat?' by Shankar Acharya, one of India's leading economic policy maker. This was published in the Financial Express , on 15 April 2007, under the title " The Economics of populism ". Can India grow without Bharat, asks Shankar Acharya in the title of his new book. Whether you are a politician or an economist, the answer to that question is almost always a no. So what is it the economist wants to bring out in this book? Acharya had served as the chief economist advisor to the government of India for seven long years between 1993 and 2000. Unusually, he served four prime ministers in four different political formations during this period getting a ringside view of politics of economic decisions. Here he brings together 33 short essays, written between late 2003 and 2006. These essays cover a range of issues from macro economic policies, ...

Prospect of a property rights movement Much has been written about the tragedy of Singur and Nandigram in West Bengal. Yet not much light has been shed on the real significance of the protests by farmers on land acquisition. Brand Buddhadeb has suffered a serious blow much beyond West Bengal. But, more importantly, an undercurrent of awareness is spreading through the grassroots of society on an almost unheralded issue — the protection of property rights. This article was published under the title " Ground Reality " , in the Hindustan Times, on 24 March 2007. Political and social activists have been hurling arguments to score points against rivals. If one side stresses on the need for industrialisation, the other calls for inclusive growth. The self-proclaimed champions of the poor are hobnobbing with big businesses, while the Opposition spectrum, from the fringe Left to the far Right, want to be seen to be siding with the rural poor. And business leaders, who have been enjo...

Fundamental right is not a luxury for the rich, but a necessity for the poor. The rich has the resources to protect their interest by any number of ways, the poor has nothing but the law to fall on. A version of this article of mine had appeared in the Bengali langugage newspaper, the Ananda Bazar Patrika in Calcutta, on 21 March 2007. A lot is being said about the tragedy of Singur and Nandigram in West Bengal, Parliament has been adjourned, yet not much light has been shed on the real significance of these protests by farmers on the issue of land acquisition. Brand Buddhadeb may have suffered a fatal blow, but despite the ideological melee, an undercurrent of awareness is spreading through the grassroots of society on an almost unheralded issue – protection of property rights. Political and social activists have been hurling arguments accusations, trying to score points against their rivals. If one wants to stress the need for industrialisation, the other calls for inclusive growth....

Dr R A Mashelkar, one of India's leading science administrators resigned from a government technical committee, last week, in wake of personal and politically motivated attacks from certain quarters. In this article, " Something patently wrong ", published in the Hindustan Times, on 20 March 2007, I look at the misguided debate over ever-greening of patents, when there are much more serious problems faced by patients in India. Last Sunday, Indians woke up to mourn the unexpected loss of its team to Bangladesh in India’s first World Cup match. The news that ought to wake up the nation is the situation that led to the resignation of RA Mashelkar from the technical committee formed to look into India’s patent law. Mashelkar resigned because of personal attacks and political machinations. Among his critics were political activists who put their populist agenda ahead of the country’s interest, and social activists who make a career in perpetuating ill-health. Mashelkar is one...

At an online seminar on globalisation organised by the Friedrich Naumann Stiftung, in Manila, in March 2007, I looked at the forces affecting globalisation, and held that critics of globalisation have a political agenda to keep the people disempowered by restricting their choices, and preserving the privileges for the elite. Globalisation: Power to the people A lot of the times it seems to me that that debate over globalisation portrays the phenomenon as something new. The communication revolution has drastically changed the speed of information flow, and perhaps many of us have in a sense been disoriented with the pace. So much so that we lost a sense of human history! Globalisation is a phenomenon as old human civilisation. It started when the first man learned to trade, barter, his or her goods. Today, there is hardly a product that has not been impacted by some kind of voluntary exchange of one kind or other. Rice and wheat, which are the staples of most humans on the planet toda...