Bangladesh is now the most corrupt nation; Khaleda’s reign hopefully ends

Prime Minister Khaleda Zia began her second innings after winning the parliamentary polls in 2001. Her victory was marked by her strategic alliance with the Jamaat-e-Islami-Jatiya party. Both BNP and Jamaat profi ted from the popular resentment against the West in the aftermath of September 11 attacks and secured a landslide victory over a moderate Awami League. However, in the last fi ve years, Zia rule has not only led to a sharp rise in corruption levels (Bangladesh stands as the most corrupt country in Transparency International’s Corruption Perception Index) but also turned it into a hub of Islamic militancy. Interestingly though the moderates (including the opposition leader Sheikh Hasina) have been the prime targets of those radicals.

For complete IIPM article click here

Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative

Talking about equality and justice, is the US prepared to have a black president? Well, hmm, err, ahem...

Obama was elected to Illinois Senate as a Democrat in 1996 and to the US Senate in 2004. With barely two years of experience in the national politics, one could consider him a political novice. But sorry, that’s not true for the hard-headed Obama. Although, he hasn’t come out with dramatically reformist views, his inexperience is proving to be his advantage as people don’t see him as one of the hard-boiled and unsentimental politicians. Obama’s contenders are likely to be Hillary Clinton – the Democrat presidential candidate – and John Kerry, who has already run for Presidency.

For complete IIPM article click here

Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative

Ambiguity shock: How Western firms lose!

Second, once companies from emerging markets have demonstrated a degree of success, they too, can tap capital and talent markets in developed countries. Like American and European companies, they can raise money by, say, listing themselves on the New York Stock Exchange or on the Nasdaq. Emerging giants oft en become investors’ darlings, making it easy for them to sell equity shares or bonds. In the talent market, intermediaries from developed countries that are trying to fill the gaps in the soft infrastructure in emerging markets help local businesses get more competitive.

Third, multinational companies are reluctant to tailor their strategies to every developing market in which they operate. They find it costly and cumbersome to modify their products, services and communications to suit local tastes, especially since the opportunities in developing countries tend to be relatively small and risky.

For complete IIPM article click here

Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative

“Democracy promotion”

But the comparison with other regions across the globe can also be made, which depicts the darker side of the Latin American landmass. The comparisons would raise some questions about where programs of “democracy promotion” are needed. Given its new ascendancy, Latin America may come to terms with some of its severe internal problems. The region is notorious for the rapacity of its wealthy classes, and their freedom from social responsibility. Comparative studies of Latin American and East Asian economic development are revealing in this respect. Latin America has close to the world’s worst record for inequality; East Asia the best. The same holds for education, health and social welfare generally. Imports to Latin America have been heavily skewed towards consumption by the rich; in East Asia, towards productive investment. Capital fl ight from Latin America has approached the scale of the debt – suggesting a way to overcome this crushing burden. In East Asia, capital flight has been tightly controlled.

For complete IIPM article click here

Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative

The vehicle density

In 2001, while roads occupied a meager six percent of the total city area in Kolkata, for Delhi it stood 18% and in Mumbai it was 10%. As a result, the vehicle density in these three cities were 184, 448 and 345 vehicles per kilometer. Naturally, one or two lane roads did not suffice the space requirement of those vehicles and travel became a near-nightmarish experience for many. Experts also claim that while a road is in the construction phase, audit of road design is hardly given any priority. In fact, in a number of cases, the objections raised by auditors are simply ignored and completion meetings are rarely held. This further adds to the total number of accidents in the country.

For complete IIPM article click here

Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative