Tax and duty exemptions: A prudential shift is needed

William Spencer Vickrey (June 21, 1914-October 11, 1996) wrote a week before his death and three days before he received the Nobel Memorial Prize in Economics the famous 'Fifteen Fatal Fallacies of Financial Fundamentalism: A Disquisition on Demand Side Economics'. Since its publication in 1996, most economists -- classical and...

Developing world: Some vital areas revisited

Current trends indicate that the global economic recovery is on - albeit unevenly. Although growth looks to be a bit rapid in many emerging economies like the member countries of BRICS (Brazil, Russia, India, China and South Africa), it still remains fragile in most advanced economies. In fact, the global...