Saturday, 23 April 2011

Endangering the Great Lakes of North America : Will we learn to respect the nature?

The great lakes of North America are being endangered progressively by unremitting human intervention. While the Governments are also stepping in, the people have taken the initiative to protect their natural inheritance. Celebrating 24th July as Lake Superior day is part of that effort.

The 20th July initiative : The Lake Superior day
The 20th of July will be celebrated by a large number of Northlanders as the ‘Lake Superior Day’, an event full of concerts, community events and awareness campaigns to create awareness about the Great lakes, and the dangers imposed on its ecosystem by various direct and indirect human interventions. People from across United States and Canada joined the event in their own way, while the world - networked through the web and the media - watched and learnt a lesson or two in natural history and environmental economics.

Sunday, 17 April 2011

Is access to clean water a basic human right?

One would have thought that water is the minimum that the mighty modern human society will be able to assure all human beings. Well, it is still not so. What is worse, is the fact that we are still deliberating as to whether water should be treated as a fundamental human right....

Water still remains a scarce commodity for millions around the round

The Uncommon Sense

It is said that common sense is very uncommon. If you do not believe it to be so, then take a look at the following words.

"Access to safe water is a fundamental human need and, therefore, a basic human right. Contaminated water jeopardizes both the physical and social health of all people. It is an affront to human dignity."   
These words are taken from the message of the Secretary General of United Nations Kofi Annan, on 22nd March 2001, on the occasion of World Water Day.

Thursday, 24 February 2011

How developing countries are adapting to the impacts of global climate change

Ironically, the worst culprits of global climate change are the larger countries, while the worst affected are the smallest ones who hardly have a say in determining their own fate!

While the world fights and fumes over the question of sharing responsibility and cost, and while the politicians display their usual grit in creating noise and blocking action, there are several initiatives being taken by the people, within and outside the governments in developing countries that try to improve things. 

Role of Expectations in Economics

Expectations play a very important role in economics. One of the major limitations of our understanding about real world economic phenomena arise from our inability to deal with expectations in an efficient manner and incorporate them in our empirical analysis. Our overdependence on the rational expectations assumption has only worsened this limitation.