Import tariffs, as a measure of protectionism for domestic industries, haven’t begun rising yet. But if current trends are an indication of things to come, then world trade has started looking inwards and protectionism is surely coming back. India’s service export prospects are turning bleak as a result. The US Congress has recently passed the American […]

Google got into a tiff with the Authors Guild, the Association of American Publishers and some other organizations when it first started scanning books into its database. Google felt it was publishing them online under "fair use." The organizations disagreed. And filed a class action lawsuit, claiming that Google has violated their copyrights and those […]

Since the collapse of communism in Eastern Europe, former Soviet bloc countries have borrowed from western nations to finance their growing economies. But with the global credit crisis, it has become increasingly difficult for these developing economies to raise enough capital to pay their debts. European Union leaders have ruled out a multi-billion dollar rescue […]

India will continue to resist pressure to accept binding cuts in its emissions of greenhouse gases (GHG) at key climate change talks later this year. "We expect a fair and equitable outcome, but the global discourse on climate change should not focus only on current emissions," Shyam Saran, the Prime Minister’s special envoy for climate […]