Economic growth in China and India is exponentially increasing the global demand for skills. In turn, this will cause a severe talent shortage in the world over the next few years. What does this mean for the global production system?

The the population dynamics of the 21st century is shown here.

The main aim of this study is to develop an accounting framework that reflects the real contribution of agricultural land and pastureland to society. The more specific objectives are to: 1 estimate the value of the stocks and flows of agricultural land and pastureland; 2 incorporate the loss in...

The Prime Minister’s recent announcement has refocused attention on the issue of full capital account convertibility. The new Tarapore Committee needs to weigh the gains from removing the remaining restrictions against the macroeconomic vulnerabilities that remain. In the discussion, it...

Accounting for forest wealth is an important ingredient in creating a framework for analysing policy trade-offs. This study describes forestry-related stocks and flows in terms of land area (under forest), physical volume (of timber and carbon) and, finally, monetary values. The study has...

This article discusses the art of deliberately creating a global city for Asiain Singapore. Twnty-first century cities exist in order to allow human interaction and enhance lifestyle. Such clusters developed organically from an earlier milieu in the case of London and New ork. But this does not...

The main purpose of this paper is to draw attention to the central importance of legal reform within the context of second generation reforms. Unfortunately, this area is usually seen as peripheral to the economic reform process and only rarely attracts attention in the wider debate. However,...

The dynamics of a 21st century city are very different from those that created the urban agglomerations of the past. The economics of post-industrial cities are driven are driven by lifestyle, consumption and innovation rather than “productionâ€. This economic paradigm is very powerful...

Earlier this year, the Indian government’s High Powered Expert Committee (HPEC) put forward its recommendations on how Mumbai could be made into an International Financial Center. The HPEC’s report covers a very wide range of issues, including urban infrastructure and financial...

Education is an important component of economic activity, although investment in education is only one of the many forms of investment in human capital. The idea behind this is that investment in human beings, like investment in tangible forms of capital such as buildings and industrial...