The last few years have been tough for India, not just in context of economic reforms but also environment— specifically in terms of climate. As per the India Meteorological Department, 2017 was the fourth warmest year of the country, with the last quarter of 2017 being the hottest since 1901. In the beginning of the 20th century, India, a British colony then, suffered from significant climate change marked by severe droughts and famines, which were further fueled by fatal British economic policies. Notably, India’s economic backwardness wasn’t due to any niggardliness of geography, but was rather anthropogenic. There was no […]
Category: Economy
Protectionism, Migration and Environment
In recent times there has been a rise of protectionist policies and revisionist states. Democracies have increasingly being voting for nationalist leaders, in order to escape globalization and its extended upshots — increased immigration, unemployment, job competition, better revenues etc. However, one should remember globalization has been taking place for eons of centuries and it is here to stay. Simply closing your economy, enhancing tariffs or plugging the migration trend will not help. With technological advancements and innovations, the world is interconnected and interdependent more than ever. Established trade links, or formation of new ones for that matter, serve as […]