With massive poverty all around, Parvanov’s victory is holl

Parvanov came to power in 2001, but interestingly, after having secured 53% against the then incumbent President Petar Stoyanov in the first round, a run off was held even at that time due to pathetic voter turnout. President Parvanov’s steadily growing vote share is an indicator of his increasing popularity, but repeated low voter turnout indicates people’s lack of trust in democracy, which is the result of many factors, with the leading cause being poverty. EU or no EU, if Parvanov doesn’t focus on poverty eradication, the only thing that might get eradicated before the next polls, is democracy!

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Source:- IIPM Editorial

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Civil war in Sri Lanka

If civil war in Sri Lanka escalates, there is a real danger of LTTE becoming active in South India again. Remember how it assassinated former PM Rajiv Gandhi? A desperate LTTE that’s pushed into a corner can wreak havoc in Tamil Nadu. Continued violence & instability in Bangladesh will result in two dangerous consequences. The menacing influx of refugees will only aggravate, leading to more social & communal unrest. Worse, instability in Bangladesh will encourage terrorist outfits there to execute more ghastly attacks in India. Something similar will happen if things go out of hand in Nepal. It’s an open secret that the Maoists in Nepal & Naxalites in India have formed a strategic alliance that could jeopardise India’s internal security. Even the Pakistani establishment also displays overt enmity against India. Yet, it’s the only entity that can control, rein in and subjugate the crazed jehadis, who seem committed to the destruction of India.

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EXPLOIT UNDERSTANDING OF PRODUCT MARKETS

Product markets oft en turn out to be unique because customers’ needs and tastes are idiosyncratic. Local companies are the first to realize that and to build businesses around distinctive national characteristics. For instance, Jollibee Foods thrives because it realizes that Filipinos like their burgers to have a particular soy and garlic taste; Nandos is growing in South Africa by providing cooked chicken that suits local palates; and Pollo Campero is doing the same in Guatemala.

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Source:- IIPM Editorial

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India must upgrade its R&D

Drug development calls for colossal expenses. And even Big Pharma companies are facing a drought of blockbuster drugs. That, despite the fact that a firm like Pfizer spends up to $7.57 billion a year (around 7 times Ranbaxy’s annual turno ver, to put it in perspective) on R&D, which is around 14% of its sales. Financial Times Research Centre unveils that a new drug to market can now cost anything between $900 million and $1.2 billion.

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Bush administration should understand the need to act wisely and not forcefully

And just when one is lulled into thinking that oil is not the root-cause of the current action in Iraq, reality pulls us back. Bush recently invited journalists to imagine the world fifty years from now with no thoughts on the future of science and technology, or a global population of nine billion, or the challenges of climatic changes and bio-diversity. Instead, he wanted to know whether Islamic radicals would control the world’s oil supplies in the next half-a-century!

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Source:- IIPM Editorial

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