Archive for January 13th, 2012

How cities actually help decongest and lower pollution levels

January 13, 2012

Urban economics would have been so so boring minus Edward Glaeser. He makes it look so so interesting with his ideas and thoughts. His recent interview is an example

We think of cities as beasts and how bad they are for human living. We should instead be heading to greener pastures and with technology can actually make that happen. This then becomes a win-win situation. Cities become less of a beast and decongest themselves and there is lower pollution . And above all people get better and healthier lives. Right. Wrong.

Glaeser says cities actually help lower pollution:

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Why WTO is a better system than several bilateral agreements being signed?

January 13, 2012

Carolyn L. Evans of Santa Clara University explains the topic in this short note look at the issue. This is something Jagdish Bhagwati would give a big thumbs up to. In such times, hardly anyone is  looking at trade issues except the fact that how trade declined in recession and its reasons. So to come up with research (that too in a central bank) on benefits of WTO is a rarity..

She says many regional/preferential trade agreements are being signed:

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The world sees India as a country without a government…

January 13, 2012

Says Dr Indira Rajaraman (IR) one of the most noted economists from India esp on fiscal issues (HT: Deepali Bhargava). You hear many bad things about state of governance in India but her line on India being a country without a government is clearly one of the top statements.

For IR there are two major problems with India – perennial high fiscal  deficit and declining what was already very low state of governance. She says the recent fears on Indian economy are not overdone but a reality:

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