Friday, September 11, 1998
Poverty of growth
The focus of human development reports has been on the nature and depth of deprivation in developing countries. This has helped pinpoint the lines of action that need to be taken. Actual strategic decisions have been perfunctory. Developing countries have focused on growth.
Friendly takeovers
The recent spate of acquisitions by the Aditya Birla group could well have come as a surprise to many owing to two reasons. The first being that the group has traditionally grown only through greenfield or brownfield projects, and it is still perceived to be too docile to consider takeovers. Secondly, the ongoing economic recession has hurt the group's commodity- oriented businesses. Given this, it was least expected that the group would choose to deploy its resources in funding acquisitions.
Inter-connectivity of bourses is inevitable
That market is the best where the largest number of buyers and sellers assemble is the often-repeated slogan of the New York Stock Exchange, the world's biggest stock exchange. A bigger market not only renders it more competitive but also results in lesser transaction costs.
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