India and other developing countries that have sustained their strong growth because of domestic demand could be affected by impending recession in developed economies, a UN agency has said warning that aggressive fiscal tightening could actually worsen the problem. Calling for comprehensive financial reforms, the ‘Trade and Development Report 2011’ of the UNCTAD released on Tuesday has said “the new financial turmoil should be a wake up call for the international community and its institutions”.

Premila Nazareth Satyanand

Policymakers and business leaders might find it useful to leaf through UNCTAD's just-released World Investment Report 2010: Investing in a Low-Carbon Economy.

Premila Nazareth Satyanand
Twelve of the world

Bs Reporter / New Delhi September 05, 2008, 0:42 IST

In yet another forecast that India

A healthy cocktail of financial and market inclusion with an appropriate dose of required policy changes would do wonders not only for economic growth but also economic development, say V Shunmugam & Yogesh Kochhar

The foreign adviser, Iftekhar Ahmed Chowdhury, has urged the UN secretary general, Ban Ki-moon, to immediately establish a high- level task force to address the acute global food crisis. He made the appeal while chairing a ministerial meeting of LDCs on the eve of the inauguration of UNCTAD-XII in the Ghana's capital on Saturday. Iftekhar proposed that the task force, comprising eminent persons, should address long-term food security issues including those of agricultural productivity, grains trade, land utilisation and diversion for bio-fuels.