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Tag Archives: Discussion

The potato changed the World’s history

Shivani Krishnakumar in Madras Courier: Potato, Batata, Aloo, Bangala Dumpa–whatever you call it–today, the potato is a staple food in cuisines across the world. But four centuries ago, potatoes were not used for cooking. Instead, people used potato flowers to decorate themselves. Initially, potatoes were loathed; they were considered to be the source of leprosy. But once people started using potatoes in their cuisines, the potato, in its own way, started changing the course of human...

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The way Nigeria selects vice-chancellors is deeply flawed. But it can be fixed

Prof Ayodeji Olukoju of University of Lagos in this Conversation piece on the State of Universities in Nigeria: Why are some universities in crisis over appointments? The intrusion of vested interests is the fundamental cause. Take the role of state governors. There are 36 states in Nigeria. In most cases the governors regard the post as another political appointment preserved for family, friends, loyalists or their surrogates. Another consideration for governors is that to win – or...

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A global minimum corporate tax rate..

Janet Yellen’s remarks yday (5-Apr-2021) attracted a lot of attention. She mentioned the need to have a global minimum tax. She started with saying “America is strongest when we engage with the world” and points the role US has played in world polity and economy: When I was born, the United States was still recovering from the Great Depression and World War II. These tragedies cost countless lives; too many families lost nearly everything. But from the devastation we learned an...

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Rest in Peace: Prof Robert Mundell

Prof Robert  Mundell passed away in Italy at 88. He along with Marcus Fleming of IMF gave us a framework to think about monetary policy and exchange rate systems.  He is also seen as father of Euro currency. Mundell was awarded the Nobel Prize in 1999 ironically in the same year Euro was established as a currency. Brian Domitrovic pays a tribute. This entry was posted on April 5, 2021 at 5:54 pm and is filed under Central Banks /...

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All Apologies for Democracy

Prof Harold James in this Proj Syndicate piece: Recent mistakes by elected governments underscore the unique difficulties that democracies face when dealing with a problem as large and complex as a pandemic. Nonetheless, the COVID-19 crisis has offered clear lessons, validating two classic answers to the question of what role the state should fill. …. There are no easy answers. But the COVID-19 crisis may offer two generalizable lessons. First, the more rules-based the system, the more...

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Lessons from 50 years of Bangladesh Independence: Development could succeed anywhere?

2021 is quite an anniversary year. 26 March 2021 marks 50 years of independence of Bangladesh. (in pictures) Hear Srinath Raghavan discussing the Geopolitics of the Bangladesh War with Amit Varma on Seen and Unseen Podcast There is also Srinath’s brilliant book 1971: A Global History of the Creation of Bangladesh My earlier post on the fantastic history of Bangladesh currency: Taka Bangladesh economy has been quite a story. See this Bank of Bangladesh publication celebrating 40 years...

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Upcoming birth centenary of Mr. P.V. Narasimha Rao: 28 June 1921-28 June 2021

The year 2021 marks 100th birthday of Mr. PV Narasimha Rao (PVN), India’s ninth Prime Minister.  PVN was born on 28 June 1921 in a village in then Nizam run State of Hyderabad. The man knew ten languages including three foreign ones and could even run computer programmes in Basic, Cobol and Unix. Apart from being the PM, he held most of the important political portfolios in his career: Foreign Minister, Home Minister, Defense Minister, Chief Minister of Andhra Pradesh and so on. On...

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Central bank of the year: The Federal Reserve System

CentralBanking.com awards Central Bank of the year award to Federal Reserve System. Overwhelming Fed interventions in March 2020 forestalled a damaging global financial crisis, as policy overhaul prompts introspection in Europe and Japan Seperately CLaudia Sahm. former Federal Reserve employee who has Sahm rule to her credit praises Jerome Powell: This entry was posted on March 24, 2021 at 3:44 pm and is filed under Central Banks /...

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Starbucks @ 50th anniversary

Starbucks opened its first store in March-1971 in Seattle’s Pike Place Market. The year 2021 marks 50 years of the coffee company. Here is a timeline of the company. Happy 50th Starbucks.. This entry was posted on March 22, 2021 at 4:32 pm and is filed under Discussion. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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BIS History: Timeline and Pictures

BIS completed 90 years in 2020. BIS website has put up a timeline of its 9 decades For more than nine decades, the Bank for International Settlements has been the main meeting place and cooperative body for central banks from across the world. Throughout its history, the BIS has played a role in many of the key events and developments that have marked and shaped the global monetary and financial system. This timeline highlights the most important of these historic events and...

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