Finished reading the second book that my aged father gifted me in Goa for my birthday this year. I hadn’t heard of the author or any of her books, even though she is supposed to be a Pulitzer Prize winner. Right from the start, Caste: The Origins of Our Discontents by Isabel Wilkerson struck me… Continue reading The Dangers of Supplanting Caste for Race
October 2023 began with all the omens of a Middle East conflict once again, when Hamas launched a series of rocket attacks on Israel and Israel responded in its typical fashion. Everyone in media wondered how Israel could be caught so off-guard and about the failure of its world-renowned intelligence. This only adds to the… Continue reading Stalemate or Larger Regional War in the Middle East?
The last time I wrote about the global economy, I wrote about its fractious state, thanks to the geopolitical tensions all around. This time, I thought I would look at it from the multilateral institutions’ point of view and then share my own thoughts on where the global economy might be headed. As I write… Continue reading Global Economy Still Searching for Direction
As has become commonplace these years, 2023 too has been a year of extreme weather conditions, natural disasters, excessive and unseasonal rainfall in some places, drought in other places. We know that extreme weather conditions and natural calamities are becoming the rule, but it doesn’t conform to any pattern and we are unable to mitigate… Continue reading Greening the Planet Against Climate Change
This August I received two books from my aged father for my 61st birthday and one of them is Smoke and Ashes by Amitav Ghosh. He has written this years after writing the Ibis trilogy – a fictional account of India’s opium trade with China – which was well reviewed in the press at the… Continue reading Smoke and Ashes, And Parallels Too Many
For years and maybe even decades, technology experts and think-tanks have been warning us of the impact of automation and AI on work, skills and jobs. McKinsey, in its 2017 report on the Future of Work, which I had written about and shared on my blog in 2019, had indicated what kinds of jobs and… Continue reading The Generational Impact Generative AI Could Have on Work
This month saw the grand finalé of the G20 2023 summits under India’s presidency. New Delhi, India’s capital was suitably sanitized, beautified and locked down – for a 3-day holiday – so that leaders of the world’s most economically powerful countries as well as heads of multilateral institutions who had descended upon the city could… Continue reading G20 and BRICS, All in Expansion Mode
We think of airlines as transportation, and also in the context of tourism, but rarely as providers of international connectivity, as vital as telecommunications and the internet. And even more rarely do we think of them as performing an important economic function, not even in today’s globalized and highly connected world. They are critical not… Continue reading Airlines as Connectors of the World
As central bankers from around the world converge at Wyoming for their annual Jackson Hole conference in August, the question that struck me is should it be their responsibility alone to fight consumer price inflation that is raging across many parts of the world. Of course, a lot depends on what kind of inflation it… Continue reading Should Monetary Policy Alone Fight Inflation?
Almost two years after the waning of the Covid pandemic and a year and a half of the conflict in Ukraine, the world is still fighting consumer price inflation in most parts of the world. That continues to be the biggest obstacle to growth and economic recovery, as consumers cut back their spending, especially on… Continue reading The Fractious State of the Global Economy
Peripatetic Perch 