ALL THROUGH the second half of the 20th century, whenever Western governments have seen their industries lagging behind globally, they have resorted to updating their technology policies. The result
Even as Union finance minister Manmohan Singh proclaimed the success of liberalisation and globalisation of the country's economy before World Bank officials in April this year, the Clinton
TECHNOLOGY change is resulting in problems of large-scale and permanent unemployment. The demand for blue-collar employees is decreasing, while that of white-collar workers is increasing. Overall,
Even as the Clinton administration seeks to phase in a tax on gas, oil, coal and nuclear energy, oil companies complain the levy will damage economic recovery and endanger jobs.
The finance minister"s targets for restructuring -- lower fiscal deficit, stronger economic recovery and higher exports -- form the core of his latest budget.
The budget seeks to encourage technological change in India, especially in export-oriented industries, and to obtain private funding for government R&D institutes.