Disparities :(

While my plans were to write on a different topic I suddenly struck upon this one. I was thinking about the disparity that exists in world at a family level, society level, state level, and national level and across boundaries (international level). But the classification underneath is on a different abstraction.

First I wanted to write on disparities in income levels across the world. How many economists thought about this?. Bodies such as the world bank, ADB( Asian development back where all setup to monitor world economy and fund infrastructure development projects around the world. But in-spite of all this, have the disparities been met in different parts of the world? While there is a sincere effort to bridge the income levels through employment generation, economies have been facing drastic inflation levels and the disparity continues to spiral high. The per-capita income which is considered one of the major indicators of people’s income levels has risen by 5-6% in many developing economies while all those developing economies have been facing double digit inflation rates !!. Now imagine those fading economies like Zimbabwe. Pity them :(

I now step into disparities seen in food production. While food demands in many of the countries are rising steadily there hasn’t been a proportional level of increase in production. Adding to the pain, many economies/countries are forced to export food products although their internal produce isn’t sufficient to meet their country’s demand. The obvious reason is for earning foreign exchange.

Now on to the disparities seen in weather conditions. Amidst discussions about global warming we are failing to realize that the basic change in weather patterns across many parts of the worlds. While one part of a nation struggles in flood the other part is struggling in drought. In effect both regions are suffering for aid!! Both of them need one thing in abundance.. and that is Money!

Now on to disparities in sectoral growth. Even the most naïve economist would agree if I said Agriculture and Manufacturing should fuel a economy’s growth. This will in turn trigger growth in services sector and also in almost the entire economy. But many economies are thriving on growth heavily in services sector. This is a hollow growth and is just filling the balloon/bubble with more and more hot air. With more and more accumulation of money (in different currencies) we are just spinning in the tornado. We are seemingly moving around but ultimately only to cause destruction in the long run :(

I want to write more but I want to kill the pessimism in me. So I stop here. But in hope that economists should start thinking, on these lines to bridge disparities, which are deepening around the world. Otherwise the dooms day is nor far. After all the pandora’s box has to be opened some day.…

If US of A be with us, Who can be against us ;)

If USA Be with us, Who can be against us ;)

Over the last 2 weeks or so there was an interesting drama that unfolded at Vienna where the NSG or the nuclear suppliers group reviewed waiving India from the nuclear ban thus allowing it to import nuclear fuel from other countries.

Right from the beginning the US of A was supporting India and appreciating its interests to have nuclear energy which was a very pure source of energy and will meet the energy needs of a power starved nation. As India was towards the final stages, and as the UPA managed to power through all oppositions from the left, finally the deal went for the approval from the NSG committee.

The NSG comprises of a group of nations which abide by the organizations policies of using nuclear energy for world’s development. Finally as the D-day approached for India to be included in the NSG’s list few countries opposed India’s inclusion because India refused to sign the CTBT agreement which would stop the country from conducting nuclear tests for military purposes. It was the most obvious opposition and quite lateral too. The Indian delegation started its negotiations with those countries with no positive results on day one and two. And suddenly on day three the deal went through with no major oppositions. And the obvious reasons being that “Nobody can resist pressure from Uncle SAM”

What unfolded few days later was interesting. Chinese minister visited India and first met the communist leaders. Later went on to meet the Prime minister and convey or rather negate the premonition that developed in between that China was against India being allowed to import nuclear fuel.

The reason the Chinese delegation came and more so the reason US of A is so much for India’s nuclear journey is lot interesting. India is too primitive in nuclear research and also has very basic facilities to what it takes to build nuclear reactors. The obvious nation is has to reach out to for technology and hardware is USA. US sees a giant opportunity here and importantly at a time when its economy is in doldrums. From fighter jets to now nuclear technology J . Not to forget China is the obvious second benefactor who also has the distance advantage. While transporting things like nuclear reactors distance does make a difference !!!

Whatever it takes. I am just being optimistic that we get an answer for the power crisis this country could face in the long run. Lets hope we stop burning that coal which has been lighting up our lives for a long time now !!

In Tamil there is a interesting proverb that goes like this “Sozhayan kudumi summa aadadhu”

Want to know what that means?? .Post a comment I will let you know :)

The next drama :- Australia declines to supply Uranium to India as it hasnt signed the CTBT !!