JAYATI GHOSH-Frontline

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The hijacked oil tanker MV Sirius Star at anchor on November 19 off the coast of Somalia.-AFP

Pirates and panic

The recent exponential increase in piracy points to the growing risk and uncertainty that now characterise all international economic transactions.

A banner at a National Labour Day rally in Bangkok. A file picture.-PORNCHAI KITTIWONGSAKUL/AFP

IMF at it again

To developing countries lining up for liquidity, the IMF is pushing the same disastrous conditions that caused financial collapse in other emerging ma

Credit card issuers have systematically pushed loans in the past few years, offering cards even to people without clear sources of regular income or defined assets.-BIJOY GHOSH

Now, the credit card crunch

The new crisis in India is the result of government policies that actively fuelled a debt-driven consumption boom among the middle classes.

Prime Minister Manmohan Singh with Brazilian President Luiz Inacio Lula da Silva and South African President Kgalema Motlanthe after a joint press conference on the concluding day of the third Summit of the India, Brazil and South Africa Dialogue Forum in New Delhi on October 15. They agreed to underline the need to make structures of global governance more democratic.-RAVEENDRAN/AFP

Invited disaster

The financial liberalisation policies of developing countries have made them more vulnerable to global crises than ever before.

Microeconomic myopia

The Trade and Development Report points out how microeconomic models lead to absurdities when applied as policy prescriptions to a national economy.

Chasing volatility

Financial firms have become the dominant players in commodity markets and their speculative activity has led to the price increases in oil and foodgra

Back to basics

The Growth Commission report admits that the orthodox set of stabilisation and liberalisation policies can be counterproductive in terms of generating

Chief Minister Sheila Dixit presents health kits to accredited social health activists who completed their training, in Delhi on March 25.-R.V. MOORTHY

All work and no pay

The National Rural Health Mission is designed around unpaid female social health activists, who are expected to mobilise health care for an entire vil

The Senate Homeland Security and Governmental Affairs Committee of the United States hearing testimony on whether speculation in the commodities market by institutional investors and hedge funds is contributing to food and energy price surges, in Washington, D.C., on May 20.-JAY MALLIN/BLOOMBERG NEWS

Speculative bubble

Just as in the case of major foodgrains, deregulation of financial markets has had a significant role in affecting global oil prices.

Illegal immigrants who were rescued by Italian coastguards on May 17 off Lampedusa island arriving at the islands port.-MAURICIO ESSE/AFP

Italys migrant tide

The complex and highly charged issue of illegal immigration in that country encapsulates the problem confronting the ageing societies of Western Europ

Chennai Super Kings batsmen M.S. Dhoni and S. Badrinath during their match against Kings XI Punjab in Chennai on May 10.-V. GANESAN

Run for their money

It is the strange mixture of the fantasy world of sport as spectacle and the crude reality of the market that makes the IPL such a fascinating subject

A rally near the presidential palace in Manila on April 22 seeking a total reform of the Comprehensive Agrarian Reform Programme.-LUIS LIWANAG/AFP

Poverty of policy

The current food crisis has been largely policy-driven, which is probably good news because it means that policies can also reverse the process.

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