Hindustan Times
Cutting the edge: blog
How did the Hong Kong market move this morning?
Is Bank of England going to cut interest rates?
Will GM get the bailout package in the US?
Should India seek a peace dividend by investing in Sudan?
What does the slowing down of China mean for India?
Can Chindia drive the world economic growth in 2009?
Will the coming together of G-20 nations resolve the meltdown?
Was Alan Greenspan wrong?
Is John Maynard Keynes really back?
Is nationalisation the new currency of economic growth?
The 10 questions above are those that until September 2008 only scholars asked or were interested in. September 15, 2008, when Lehman Brothers went bankrupt, exposed the bankruptcy of ideas, actions and intent among the world’s largest financial institutions, and led to a global meltdown that is increasingly being compared with the Great Depression of the 1930s. And as a result, these are questions that lay people across the world are discussing in their bedrooms.
In India we grappled with these questions, as answers to these decided the course of our lives — jobs, investments, consumption, enterprises. Even national pride. When India seeks the benefits of globalisation — high GDP growth, soaring equity markets, highways crisscrossing across the country, cities going high rise, new job opportunities and so on — it has to be prepared to understand and work within that superstructure. Which means knowing what the world is thinking, where it’s headed. And what the intellectual base of global policymaking is.
Which brings me to Cutting the Edge, a weekly tracker of latest research in the world of economy, finance and business, but equally in the wider galaxy of geology, education, culture. In Cutting the Edge you will see the marriage of theory with practice, abstraction with simplicity, complexity with workability. All this underlined with, I hope, in manner that’s touchable, relatable, and maybe usable. And in the least, one that helps you get a deeper understanding of a new world that’s getting increasingly intricate.
Alternatively, and to me even more enriching, if you have a question, wish to raise and debate a point in the realm of research or even point me towards a new study, do write in and let me know. I will look forward to your questions, comments, critiques. Have a great 2009.
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