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Showing posts with the label South Korea

USA: A NEW THIRD WORLD NATION IN THE MAKING!

With all due respect to the reports published by United Nations and other similar global bodies, there are certain anomalies that nobody points out, at least publicly. These anomalies have been going on for years, if not decades, falling in line with Western interests. Even if we track global history in the post-World War II period, these irregularities are vivid and clear. For example, Japan was for long considered an emerging economy, rather than a fully developed one, despite its per capita income being higher than the many so-called developed nations. The same pattern still persists with other nations, like South Korea, which is even now considered an emerging country, although its per capita income (in PPP terms) is higher than Spain’s and at par with Italy’s (both Spain and Italy are recognized as developed nations). The G-7 club was formed on the basis of the seven biggest economies among developed nations coming together. Now, with South Korea’s GDP size in PPP terms becoming ...

Time to give more than the standard election-time lip service to this sector

With state elections gaining heat, the farmer community of India would again, suddenly find themselves in the thick of all attention.This pocket of population that is usually sidelined, would again find themselves at the top of all political manifestos. And why not! When farmers constitute 60 per cent of the entire population, no political party can ignore this huge vote bank. And ironically, in spite of their seasonal electoral importance, the very same people are left in the lurch post the elections. Today, this one sector employs almost 60 per cent of the entire population, yet contributes merely 17 per cent to our national income! Shamelessly, our successive governments have succeeded in keeping a majority of them marginalised, bereft of even basic amenities, which are required for day-to-day sustenance. The fact is that till date, our agriculture sector has hardly seen any major technological breakthrough. We are still stuck in an era from where we started. A stroll through any of...