Way out of Recession : Eastern Europe

-
In this video, tThe ex-Chief Economist of European Bank of Reconstruction and Development, Willem Buiter, discusses how Eastern European countries handled the recession, and seemed to be coming back from the brink. I found this interview on The Economist website and believed it is worth sharing.

Comments

Post a Comment

Popular posts from this blog

Lord Macaulay's Speech on Indian Education: The Hoax & Some Truths

-
A friend has recently forwarded me a quote from Lord Macaulay's speech in the British Parliament on 2nd February 1835. I reproduce the quote below: "I have traveled across the length and breadth of India and I have not seen one person who is a beggar, who is a thief. Such wealth I have seen in this country, such high moral values, people of such calibre, that I do not think we would ever conquer this country, unless we break the very backbone of this nation, which is her spiritual and cultural heritage, and, therefore, I propose that we replace her old and ancient education system, her culture, for if the Indians think that all that is foreign and English is good and greater than their own, they will lose their self-esteem, their native self-culture and they will become what we want them, a truly dominated nation." The email requested me to forward me to every indian I know. I was tempted, but there were two oddities about this quote. First, the language, which ...
Read more

A Future for Kolkata

-
There is no other city like Kolkata for me: It is Home. The only city where I don't have to find a reason to go to, or to love. It is one city hardwired into my identity, and despite being away for a decade, that refuses to go away. People stay away from their homeland for a variety of reasons. But, as I have come to feel, no one can be completely happy to be away. One may find fame or fortune, love and learning, in another land, but they always live an incomplete life. They bring home broken bits of their homeland into their awkward daily existence, a cushion somewhere, a broken conversation in mother tongue some other time, always rediscovering the land they left behind for that brief moment of wanting to be themselves. The cruelest punishment, therefore, for a man who lives abroad is when his love for his land is denied. It is indeed often denied, because the pursuit of work, knowledge or love seemed to have gotten priority over the attraction of the land. This is particularly t...
Read more

The Curious Case of Helen Goddard

-
Image
Today, Helen Goddard, 26, a highly popular music teacher of a City School for Girls, has been sentenced to 15 months in prison. Her crime was to carry out a year long lesbian affair with one of her pupils, who appeared in the court and admitted that the affair was consensual and it was she who pressured Helen into the affair. For Helen, a bright musician and a devout Chistian, this is an extraordinary lapse of judgement. Also, she was teaching in the £13,000 private girls only school in London. She was surely aware what the consequences of her action will be. The fact that she still could not stop herself tells us that lovers do not always act rationally, something we always knew. There is more in this affair than personal tragedies. For a start, this has all the dramatic elements: a bright, beautiful teacher more in Julia Roberts mould [as in Mona Lisa Smile], a stiff upper lip school [not unlike Wellesley] and a story like Notes On A Scandal with an added twist. Indeed, Helen was gui...
Read more

Abdicating to Taliban

-
Nations are ideas. We try to fashion them as territories. But how can a river, a mountain ridge or sometimes an imaginary line in the middle of a field can explain the wide division in the lives, thoughts and futures of the people who live on different sides? Nations are not the people too. Indeed, people build nations and become its body. But the soul of the nation is an idea: People come together on an idea to build a nation. While that's what a modern nation is - an idea - and that way exceptionalism is not an American exception, very few nations are as completely defined by an idea as Pakistan. There was hardly any political, geographic or military rationale of Pakistan other than the idea of an Islamic homeland in South Asia. [In that way, the ideological brother of Pakistan in the family of nations is Israel] This, abated by the short term political calculations of some backroom colonialists, created a modern state which must be solely sustained on that singular idea. Religi...
Read more

Corporate Training in India: Opportunities and Roadblocks

-
I have been working on Corporate Training market in India for a while, though it is strictly not in the scope of the business that we do. Our primary offering is English Language training, and I am often reminded that the language of business in India is English - hence, anyone with a decent job should have an understanding of English anyway. In essence, the message is that there is no market for English Language training in the corporate market in India and I should basically stay off the turf. Right? Resoundingly wrong, but that is not what I wanted to write about here. We are making inroads into corporate English Language training market. It was not easy explaining to training managers why their employees need English training, though there were these enlightened souls who patiently heard us out. However, what we have done so far is a different subject, as this is work in progress and sort of a privileged information inside the company. However, what I can put in public domain is wh...
Read more

The Road of Macaulay: The Development of Indian Education under British Rule

-
Image
The story of British influence on Indian Education, to which Macaulay's Minutes of 1835 belong, has been told in six distinct phases. Syed Nurullah and J P Naik's very popular and influential History of Indian Education calls these 'six acts' of the drama:  From the beginning of Eighteenth Century to 1813   The British East India Company received its charter in 1600 but its activities did not include any Educational engagement till the Charter Act of 1698, which required the Company to maintain priests and schools, for its own staff and their children. And, so it was until the renewal of its charter in 1813, when the evangelical influence led to insistence of expansion of educational activities and allowing priests back into company territory. From 1813 to Wood's Education Despatch of 1854 The renewal of Charter in 1813 re-opened the debate, which seemed to have been settled in the early years of the company administration, between the Orientalis...
Read more

About Pakistan: An Indian View

-
In India, the most distant country in the world is Pakistan. The country we always watch with the corners of our eyes, the one whose mention makes us cringe and the one we almost always wish should never have been. We share a long border, similar food and culture. Pakistanis use a language, Urdu, which originated in an Indian court, Lucknow, and our histories were identical up to 1947. Indians have a strange feeling about Pakistan - most of us believe that we should drive all our Muslim citizens out of India and into Pakistan, and also that we should conquer Pakistan and undo the partition. Also, the ultimate blasphemy in India is to state the obvious - India can not conquer Pakistan, as it is a strong country with plenty of nuclear weapons and missiles, which can wipe out most Indian cities if an invasion was ever attempted. Because of Pakistan, India has a seize within. We remain a country in fear. We always see the world conspiring against us. We have created a permanent schism wi...
Read more

Should Britain Apologise?

-
Italy recently apologised to Libya for its occupation of the country between 1911 and the Second Word War and offered an investment deal of $5 Billion over next 25 years towards reparation. This is largely symbolic, and investment deals could have been done without adding this moral halo . But the apology itself is an important step. The key question is one of principle, indeed. It is about whether the occupying countries do accept that their colonial exploits did enormous harm to the occupied, and whether they are ready to accept the responsibility. As the world becomes more sensitive towards the wrongness of occupation [even George Bush was heard saying that occupation of Georgia by Russia is unthinkable in the 21st century!!], and the world justice system gears up to try the leaders causing genocide and violence, paying for past crimes - including occupation - becomes ever more relevant and important. There are several issues which are still hotly debated - slavery, for example,...
Read more

The Road to Macaulay: Warren Hastings and Education in India

-
Image
Introduction: Hastings in the history of Indian Education Whether or not one includes Warren Hastings in the history of Education in India is a matter of perspective. If writing the history of education means writing the history of schools, the impact of Hastings' administration would be quite limited. If anything, the rapid implosion of local rulers in Eastern, Southern and Northern India during Hastings' tenure had meant a bleak period for the indigenous education system, as patronage and funds would have dwindled away for many of them. The Company administration really concerned itself with the schooling of the natives only after 1813, as Nurullah and Naik rightly pointed out ( see my earlier post ) and one can legitimately start the story at this point. However, if history of Education in India is to encompass the transformation of Indian Scholarship, on which foundation the new, colonial, system of Education would be built, the story must start with Warren Hast...
Read more

‘A World Without The Jews’: Nazi Ideology, German Imagination and The Holocaust[1]

-
Image
Introduction Erna Petri née Kürbs, a farmer’s daughter from Herressen in Thuringia, arrived in Ukraine with her three year old son to join her husband Horst in June 1942. Horst, an SS leader inspired by Nazi ideologue Dr Richard Walter Darré, settled in the plantation of Grzenda, just outside today’s Lviv, to become a German Gentleman-Farmer. Erna saw Horst beating and abusing the workers in the plantation within two days of arriving there, which was, as Horst explained, necessary for establishing authority. Erna joined in enthusiastically, settling into a combination of roles of ‘plantation mistress, prairie Madonna in apron-covered dress lording over slave labourers, infant-carrying, gun-wielding Hausfrau.’ [2] However, there were clear rules in the plantation, and Erna was very much expected to play the woman’s role of being a Cake-and-Coffee hostess. When four Jews were caught in the estate while trying to escape from a transport to a death camp, Horst told Erna and her female...
Read more

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

AddThis