tag:blogger.com,1999:blog-3778570096826367144.post2710142073027621056..comments2024-03-28T16:09:44.638+05:30Comments on Ground Reality: Foreign capital based economy does not translate into more welfare for the peopleDevinder Sharmahttp://www.blogger.com/profile/05867902048509662981noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3778570096826367144.post-70183291490048323842011-12-18T14:58:16.616+05:302011-12-18T14:58:16.616+05:30@Shri Devinder.Sharma,
Are there any articles whe...@Shri Devinder.Sharma,<br /><br />Are there any articles where you have stated your principled position on various matters?<br /><br />Your note in "About This Blog" contains the following interesting points:<br /><br />1. We need to change the the popular discourse, and the mainline economic thinking that has only added to global problems?<br /><br />2. You are journeying towards equity, justice and sustainability, focusing on food, agriculture and hunger.<br /><br />3. You dream a vision beyond, in the spirit of gaia and towards a gross happiness index.<br /><br />These ideas seem lofty and grand. But the Devil lies in the Details! We would greatly appreciate if you elaborate on your points and detail your basic premises and principles using which, in your opinion, the world can attain such happiness.<br /><br />In particular:<br /><br />1. What in your opinion is "mainline economic thinking", how it leads to "global problems"; and what is your proposed alternative and how it avoids the pitfalls?<br /><br />2. What are your ideas of equity, and happiness. And how you propose to arrive at them?<br /><br />Thanks for your time.samalochakahttp://samalochaka.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-3778570096826367144.post-82628774954654991872011-12-10T14:58:38.362+05:302011-12-10T14:58:38.362+05:30Dear Sharma ji,
we must weigh of the benefit of de...Dear Sharma ji,<br />we must weigh of the benefit of development to the community in terms of human development, against the economic development where there is an opulence of money accrued through individual profit. “Human development report, 1999” published by UNDP, crisply analysed the benefit accrued by various economic groups as a result of economic development. 86% shares of benefit from world GDP went to the richest twenty per cent, 13% to middle sixty per cent and 1% went to the poorest twenty per cent. Shares of benefit from exports of goods shared by rich, middle and poor groups were 82%, 17% and 1% respectively. Sixty eight per cent share of the benefit from foreign direct investments go to the 20% richest, 30% to the middle 60% and 1% to the poorest 20%. Access of Internet use to rich was 93%, to the middle was 6.5% and to the poor 0.2%. Economic development<br /><br />RamakumarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3778570096826367144.post-24153350686557161882011-12-09T17:26:24.519+05:302011-12-09T17:26:24.519+05:30Don't know if this is of any significance, but...Don't know if this is of any significance, but GNP data is much more difficult to find that GDP data. (I tried a variety of sources, World Bank/ Gapminder/etc...) Don't know if that's because GNP data is more difficult to calculate, or of less use, or if there is another reason.Anonymoushttps://www.blogger.com/profile/16149692599426298288noreply@blogger.comtag:blogger.com,1999:blog-3778570096826367144.post-5508980931085676872011-12-09T10:37:46.311+05:302011-12-09T10:37:46.311+05:30Dear Devendra ji
I have been reading your blog for...Dear Devendra ji<br />I have been reading your blog for around last two years. I am happy about your distinguishing between gdp and gnp but i think that the most important fact about indian economy is that it is like an iceberg where only formal and organized sectors are visible. To put in marxist terms, the capitalist class in now venturing into pre-capitalist segement of the economy through multibrand retail, gm seeds and other methods. I still feel that this pre-capitalist unorganized and decentralized economy is still outside our theorization and hence control. Don't you feel that we need to have right kind of auto-immune defences for this sector? Do you really feel that our job is upto date on this front?Sunil Aggarwalhttps://www.blogger.com/profile/00644421164005859010noreply@blogger.comtag:blogger.com,1999:blog-3778570096826367144.post-51842574405305099472011-12-08T14:59:35.432+05:302011-12-08T14:59:35.432+05:30very nice article sir, thank uvery nice article sir, thank uAnonymousnoreply@blogger.com