The extent to which the growth process delivers employment on the scale needed to absorb the increase in the labour force and the manner in which the operations of the labour market and the capital market distribute the fruits of growth between workers, employers and owners of capital is a crucial factor in the state of welfare of the population. Hence, what follows explores the links between employment and two key objectives of development—growth and equity.


This paper is about the looming water crisis in India as a scarce and threatened resource has to meet rising demand. The crisis that is looming in India’s water systems is not just one of demand supply imbalance. It is crisis that is the product of short-term considerations dominating political discourse and economic policy.


Asian countries differ greatly in the options available and the constraints that bind their energy prospects. West and North-West Asia are energy rich with huge reserves of oil and gas in the Gulf region and in the Central Asian “stans”. The part of Asia which lies to the East and South of these areas, call it Monsoon Asia for convenience, is energy poor, particularly in petroleum resources. Hence to speak about ‘Asian’ imperatives when it comes to energy and climate change is misleading. In any case ‘Asia’ is only a geographical expression and, as an idea, has played only a minor role, if any, in shaping geo-political perceptions in the region. This contribution focuses mainly on energy options in Monsoon Asia, particularly India and China


The International Conference on Finance for Development hosted by Mexico at Monterrey in March 2002 came after nearly two decades of contention between the North and the South on macro economic issues in the UN and elsewhere. Ever since President Ronald Reagan had delivered his stark message at the North-South Summit held at Cancun, Mexico in 1981, the developed world did not see global finance as a matter for North-South negotiation. The change came from three things – the consciousness of interdependence created by the financial crises of 1997-98, the strong support from several donor countries for the Millennium Development Goals and the concerns about alienation that came with the terrorist attacks of 9/11. The Monterrey Consensus was reached because the UN managed to put together a credible process that used the political space created by these events.


Economic, social and environmental factors can be looked at as the cause of conflict, as conditions that shape the direction and duration of conflict and as consequences of conflict. It is important to keep these dimensions of relevance in mind as they have different implications for policy and institutional development. Thus a dispute over natural resources could be the cause of a conflict, trade in natural resources may provide the resources to fuel a conflict or conflict may disrupt the paths of trade. The paper analyses economic instruments from these three perspectives