Macro Trends 2000 AD to 2050 AD
1. International Trade Will Continue to Drive Global Economic Growth ... Read full article
Tagged global services, india, macro trends1. International Trade Will Continue to Drive Global Economic Growth ... Read full article
Tagged global services, india, macro trendsIn 1997 some observers feared an impending global recession as result of the headwinds stemming from the Asian Financial Crisis. However, within two years, those fears had dissipated and were replaced with new concerns of irrational exuberance. ... Read full article
Tagged economy, hedge funds, recessionThe recent terrorist attacks in Mumbai by Pakistan-based jihadi terrorists have shaken not only India but the world. Unlike previous terrorist attacks involving hostages, this time the terrorists were not intent on entering into negotiations for their release. Rather, their single point agenda was to “kill to the last breath”. In the aftermath of these gruesome terrorist attacks, the one question which many are still struggling to answer is …. why?... Read full article
Tagged india, mumbai, pakistan, terrorPoverty reduction continues to be among the highest priorities for global policy makers. Significantly, even after two centuries of unprecedented technical and industrial progress, billions of individuals continue to subsist on less than $2 per day. In addition, 25,000 people die of hunger or hunger-related causes each day according to the United Nations. It is therefore, imperative for policy makers to examine the effectiveness of their existing policies that are aimed at creating a more equitable world order.... Read full article
Tagged poverty reduction, vedantaIn another age, Arjuna questioned his friend and teacher, Krishna, with regard to the purpose of life. Krishna answered that the purpose of life was higher consciousness which could be realized through the path of yoga. But there was one important prerequisite for the aspiring yogi. The yogi would first have to subdue all desire for material sense gratification (i.e. nishkama). Only then would he achieve success in his pursuit of higher consciousness.... Read full article
Tagged consciousness, india, obama, Philosophy, vedantaDuring the 17th and 18th centuries, European philosophers contemplated the nature of man. Out of that inquiry, arose a profound insight, which was perhaps best stated by Rousseau: “Man is born free but everywhere he is in chains”. John Locke, another leading figure of the Enlightenment further postulated that man was inherently rational because his primary aim was to pursue his individual happiness. As a result, Locke argued that society’s collective happiness would be maximized if each person within that society was free to pursue his individual happiness.... Read full article
Tagged Philosophy, poverty, resurgent india, vedantaTo be sure, the U.S. economy is in the midst of a painful structural adjustment process. And, not surprisingly, the consumer is at the epicenter of the crisis. After years of excess consumption, overextended consumers will have to significantly reduce consumption and increase savings to restore their financial health. Moreover, since consumer spending constitutes 70% of GDP, many economists fear that this “deleveraging” process may plunge the U.S. economy into a deep and protracted recession. ... Read full article
Tagged economy, S&P 500, stock market, U.S. market outlookMore than eighty percent of India’s population subsists on less than $2 per day according to a recent study prepared by the Department for International Development, UK (”Three Faces of India, June 11, 2008). Clearly, then, poverty reduction must constitute the highest priority for Indian policymakers. However, a political consensus on how best to solve this seemingly intractable problem remains elusive. ... Read full article
Tagged capital, economic reforms, education, fiscal deficit, india, infrastructure, povertyHow will Infosys Technologies Inc. sustain its growth over the long term given the obvious limitations of its linear business model? Ten years ago, for example, Infosys was galloping with ease at about 50-60 percent year-over-year revenue growth. In 2008 however, Infosys is expected to muddle through at about 20-21 percent year-over-year revenue growth. And, with an employee base approaching 100,000, Infosys will face even greater difficulty in scaling headcount. Given these challenges, my aim in writing this article is to present a bold strategy for Infosys to drive growth and shareholder wealth creation.... Read full article
Tagged driving growth, Infosys, offshore services