Dani Rodrik offers a nice insight into one of the most remarkable theorems in international trade (link).
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Join the forum discussion on this post - (1) Posts Andhra Pradesh was once seen as a state with good governance by Indian standards. In recent years, the problems seen with Satyam, attempts to harass Nimesh Kampani, etc. have led many to question the quality of governance in Andhra Pradesh. Today, John Elliott has an important article in the Financial Times on the difficulties of Andhra Pradesh. I took a look at the CMIE data on investment projects outstanding to measure the share in the investment projects at hand in India. I found that the action was strongest in state-wise data for projects which were `Announced’ (and not `under implementation’). The two states with the biggest decline in the share in India were West Bengal and Andhra Pradesh:
For Andhra Pradesh, the decline over this period was 2.03 percentage points and for West Bengal, the decline was 2.44 percentage points. These are the two biggest declines across all the states in this period. All these values are a far cry from the biggest share of Andhra Pradesh ever seen — which was 18.53% in December 2001, when Chandrababu Naidu was chief minister. For a comparison, the peak share seen for West Bengal was 8.25%, which was in March 2008, when the CPI(M) was still a part of the UPA; we can vividly see the decline from that point to 5.56% in the latest data. The full time-series for all states are here. Join the forum discussion on this post - (1) PostsFedEx reported Thursday that it shipped 1,000,000 more packages than expected on Monday — which it anticipates will be its peak shipping day this holiday. The firm reported that this year’s busiest day is up 17% from its busiest day last year. FedEx CEO, Fred Smith further observed that their business has now observed a significant “turning point,” and that the company will resume some normal human resources benefits that it had suspended for employees in 2009.
FedEx’s comments further confirm “very good signs ” for retailers this holiday season and their results will be far from lackluster as many economic pundits had widely predicted earlier this year. Join the forum discussion on this post - (1) Posts |
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“Global economic conditions are improving,” Smith said in an investor conference call Thursday. Executives went on to cite their outlook for “modestly improving economic conditions.” Because of those improvements, FedEx said it will restart merit salary increases and resume its retirement-plan matches for those employees who participate in their 401(k) program. Both policies had been put on hold.FedEx is among a growing list of companies that are lifting freezes on raises and expense control measures that were imposed during the recession. According to a survey by Watson Wyatt — a benefits and human-resources consulting firm — about half of all large U.S. companies that froze salaries for 2009 plan to unfreeze them for 2010, and over a third of companies that reduced 401(k) matching contributions
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