Indian child

India and the Globalization of Servitude

Angus Maddison has noted that India was the richest country in the world and had controlled a third of global wealth until the 17th century. The village was the centre of a rural economy that was an economic powerhouse of entrepreneurialism. The British Raj almost dismantled this system however by introducing mono crop activities and mill made products, and post independent India has failed to repair the …

jobless-growth

Is Jobless Growth Inevitable?

ABU DHABI – Ever since the industrial revolution, humans have been ambivalent about technological progress. While new technology has been a major source of liberation, progress, and prosperity, it has also fueled plenty of agony – not least owing to the fear that it will render labor redundant. So far, experience has seemed to discredit this fear. Indeed, by boosting …