SICKMAN OF EUROPE

Turkey or Asia Minor has been subject to some of the most savage tyrannies in the history of the world. The once sanctum sanctorum of the Eastern Roman (Byzantine) empire; Turkey was vandalised time and again under various regimes like the Islamic forces of Central Asia, the Ottomans.

The invasions battered the country so much that it came to be known as the “sick man of Europe”. And it was only in 1923 that Turkey gained independence under Mustafa Kemal (better known as Ataturk) and, in the process, laid the foundations of its present day political structure. Not only this, Kemal revived Turkey from its misery as it was in the hands of the British and the French during World War I, and formulated radical social and economic reforms, which included the start of industrialization in the country. The anabolic process continued during the World War II as Ataturk’s successor, Ismet Inonu, not only kept the country away from the war, but also sowed the seeds for multiparty politics.

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Source:- IIPM Editorial

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Private sector suffers, yet again...

According to the Planning Commission itself, India still has more than a humungous 400 million people living below the poverty line (read La Route Degagee, this issue), more than the population of United States, and this is almost sixty years since Independence. The problems of illiteracy, lack of health care and unemployment have become endemic to many states. The only reason India has grown so fast has been because of the spirit of its private enterprises. One wonders how much more time before the government forces another series of “affirmative actions” down the throat of the private sector just to pass the buck to them for all the ills that India has been gift ed with from politicians.

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Source:- IIPM Editorial

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Marching ahead, but where?

If one goes by the proceedings in India’s consumer durable sector, it’s clearly visible that Videocon is taking its “Indian Multinational” tag far too seriously. In the past 18 months, Videocon has gobbled up consumer electronic brands like Hyundai, Akai, Electrolux (in India) & Thomson’s Global colour picture tube business, but its acquisition hunger fails to die. On October 23, 2006, a Videocon led consortium signed MoU to acquire Korea’s Daewoo Electronics for $730 million. According to an analyst at Prime Broking firm, “Videocon is strengthening its presence through acquisitions like Daewoo and others like Chunghwa Picture Tubes, Pioneer & other brown-field expansions.”

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Usage of tar sands, oil shale and non-fossil-fuels

Firstly, energy strategy must satisfy three objectives: Low cost, diverse supply and reductions of carbon dioxide emissions and these very naturally demand colossal investments in newer technologies and resources and not a war to gain short-term control over Middle-East oil reserves. Important energy technologies will include conversion of coal to liquid fuels (such as gasoline), usage of tar sands, oil shale and non-fossil-fuels.

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Source:- IIPM Editorial

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