"...NCEUS is of the view that given the ensuing serious repercussions of the global economic crisis on the economy and especially the poor who are the unorganised workers, a major response is urgently required" - A note to Prime Minister from National Commission for Enterprises in the Unorganised Sector regarding Need for urgent measures and fiscal stimulus to protect the informal economy
The world appears to be turning upside down. Otherwise, how could one expect such a screaming headline on manpower retrenchment? The pink slips received by 800 employees of the Jet Airways and 1,100 more on the chopping block did hog the headlines of the mainstream media. Nilotpal Basu discusses.
The analysis might be interest to the readers who are engaged in looking at alternatives to the current neo-liberal model of globalisation. When economies asymmetrically situated in terms of productivity integrate, then left to the market, the burden of adjustment is borne by agents with the lowest productivity – in this instance small farmers and agricultural labour in Mexico. Economies should be allowed to choose the pace and pattern of integration and modernisation, defined as sustained and sustainable increase in per capita incomes, depending upon their institutional structures and historical trajectories.