Archive for December 15th, 2015

Why immigrant workers cluster in particular industries?

December 15, 2015

This is a great question. Why do we see certain type of people stick to certain industries? Just that this one is based on immigrants in US.

William Kerr of HBS looks at the questions like why there are Vietnamese manicurists, Korean dry cleaners, Haitian cab drivers, Gujarati motel owners?


IMF researchers respond to the GDP of planet doubt..

December 15, 2015

Prof. Peter A.G. van Bergeijk of Erasmus University raised the issue earlier. He said the Planet GDP aggregate differed when looked from different sources.

IMF researchers responded to the issue here. They say choice of numeraire matters. As most GDP is accounted in terms of USD. As USD has appreciated this year, these issues have cropped up:

Invention vs Innovation

December 15, 2015

Interesting interview of Andrew Wyckoff, Director of the OECD’s Directorate for Science, Technology and Innovation.

Inventions are important but innovations are what leads to continuous improvement:


History is full of failed attempts to create the ideal town. How did Chandigarh buck the trend?

December 15, 2015

Nice story by BBC on history of ideal cities most of whom have failed:

Of all the world’s ideal cities, Chandigarh has done remarkably well, offering striking monumental architecture, a grid of self-contained neighbourhoods, more trees than perhaps any Indian city and a way of life that juggles tradition with modernity. While history tells us ideal cities are mostly best left on paper, Chandigarh – perhaps one of the least likely – appears to have succeeded against the grain.


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