R GAIHA, K IMAI & G THAPA
A SURFEIT of declarations, commitments and pledges to banish poverty in the developing world culminates in the Millennium Development Goals (MDGs) summit in New York (20-22 September, 2010). What lends urgency to this mega event is the fact that there are just five years left to achieve, say, MDG1 (i.e., halve extreme poverty) by 2015.

In the prevalent world view, the ecology is perceived as a subset of the economy where intense state interventions and ideological scaffoldings are needed to sustain this rule of capital. However, this order of things seems to be changing where the economy is now, increasingly, being perceived as a subset of the ecology.

International efforts to protect the ozone layer-the shield that protects life on Earth from harmful levels of ultraviolet rays-are a success and have stopped additional ozone losses and contributed to mitigating the greenhouse effect.

Cereal stocks are up, the harvest for wheat is the most plentiful in years, and fuel prices are low - yet food prices have been climbing. Although food prices are less than half of the historical peaks of 2007-2008, some governments and traders are leading the charge to hedge against a shortage.

PTI BOSTON

WITH a net worth of $62 billion, Indian business tycoon Mukesh Ambani could be the richest man on earth in 2014, according to a forecast issued by the prestigious Forbes magazine.

Slips to 51st position in the global business competitiveness index.

Even as emerging markets in Asia showed impressive gains in global business competitiveness in 2010, India slipped two notches to the 51st position over the previous year due to poor health, education and infrastructure facilities.

Among the BRIC nations

2010, the international year of biodiversity, celebrates Earth's glorious variety of species and ecosystems. But many are threatened or damaged.

In 2008, Brazilian researchers embarked on a major effort to develop a comprehensive list of the nation's plants by 2010, the deadline for the goals set forth in the 1992 Convention on Biological Diversity, an international treaty on the conservation of flora and fauna worldwide.

As hopes for any deal on global warming dims at the Cancun meet later this year, UN climate chief Christiana Figueres on Wednesday made it clear that the Kyoto Protocol will continue post-2012 as a second protocol since it does not have a

Global goods trade in the first half of 2010 was about 25 percent higher than the same period of the year before, and the value of worldwide merchandise trade grew during the second quarter, according to new data from the WTO secretariat. But the volume of global trade remains well below the peaks reached in mid-2008 before the global financial and economic crisis.

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