The Hindu Business Line : Tuesday, May 02, 2006

Zimbabwe's unenviable plight
The promise of redistribution of land to landless blacks, following the 2001 decree amending the Land Acquisition Act has turned out to be hollow. Black Zimbabweans have reverted to subsistence. They have returned to the bush. In an unsurprising u -turn by the government, white farmers have been invited to return to Zimbabwe and to apply for land. Zimbabwe is keen that white farmers should get back to the land and lift the economy. Most white farmers are uninterested. More

Affirmative action: The Malaysian case
Malaysia has relied on three different routes to ethnic economic restructuring: Job quotas, human resource development and direct action to promote the share of the bumiputra in corporate equity. But this policy has had its critics, who argue that th e Malaysian economy would have grown at a higher rate, if only the policy-makers have been focussing on enriching the poor as a group, regardless of race, says BHANOJI RAO. More

PETROLEUM

Oil and the tenuous global balance
High and rising oil prices have stoked dormant fears of a global economic shock comparable to those experienced in the 1970s. However, early evidence points to a strengthening of growth in the US, despite the current tenuous equilibrium in which glo bal surpluses finance an ever widening US current account deficit. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh discuss the possible reasons for this tendency. More

ECONOMICS

A giant passes away
Galbraith made no secret of the fact that for him `Greek letter economics' of mathematical equations, which took the subject far from the everyday reality on which it was originally solidly based, had failed. More

HUMAN RESOURCES

Human assets
Humans beings have feelings, emotions, values and beliefs. Essentially, each of these differs from person to person, based on his/her background, environment, upbringing and experiences. When one joins an ... More

LETTERS

Quotas in IITs

VAT burden

Subsidies