Trump Inauguration; WEF17 & Inequality in India

What tone did President Donald J. Trump set in his inauguration speech on Jan 20, 2017? Can Trump simultaneously take on the US establishment, friends and foes all at the same time? How will he browbeat US businesses to stop offshoring of manufacturing and jobs? How will he "eradicate radical Islamic terrorism" without the help of allies whose armies he says will not be "subsidized" by the United States? How's Trump's rise seen in Pakistan? Will he start trade wars with China and other countries running trade surpluses with the United States? Will he change Washington or will Washington change him?

Why is the World Economic Forum 2017 in Davos so concerned about growing economic inequality? Is globalization alone responsible for it? Why is India so unequal with 58.4% of the wealth owned by the top 1% of Indians? Why have the Brexit vote and Trump victory sent shockwaves through the ranks of the owners/investors of global businesses and industries? How will they respond to the powerful backlash against globalization? How is automation affecting the jobs situation? Is it equally responsible for loss of jobs?

Why was the new Laskar e Jhangvi chief Asif Chhotu, like his predecessor Malik Ishaq, killed in a police encounter in Punjab? Was this just another fake encounter? Will it help reduce sectarian carnage in Pakistan?

Viewpoint From Overseas host Misbah Azam discusses these questions with leading Pakistani journalist Zahid Husain and regular panelists Ali H. Cemendtaur and Riaz Haq (www.riazhaq.com)

https://youtu.be/PDANReBBSBo





Related Links:

Haq's Musings

Trump Phenomenon

America and the Rise of ISIS

London Mayor Sadiq Khan's Election

Trump Policies

Economic Inequality in India, Pakistan

Economy and Security Situation in Pakistan

Comments

Riaz Haq said…
The (World Bank) report ( The State of Social Safety Nets 2015) – which identifies India as a “lower middle income group” country – finds that all other BRICS countries, except China, spend a higher proportion of funds on social safety net. Thus, Brazil spends 2.42 per cent, Russia 3.30 per cent, China 0.70 per cent, South Africa 3.51 per cent, and South Africa 3.51 per cent of GDP.
Interestingly, even the two of India’s neighbours – Pakistan and Bangladesh – spend a higher proportion on social safety net, 1.89 per cent and 1.09 per cent.
The report says, “Despite having fewer resources for social safety nets, some lower-income countries allocate considerably more funds than the 1.6 percent average for developing countries”.

http://www.counterview.net/2016/02/india-poor-spender-of-social-safety-net.html

http://documents.worldbank.org/curated/en/415491467994645020/pdf/97882-PUB-REVISED-Box393232B-PUBLIC-DOCDATE-6-29-2015-DOI-10-1596978-1-4648-0543-1-EPI-1464805431.pdf
January 22, 2017 at 8:09 PM
Riaz Haq said…
US State Dept: "#US exports to Pakistan sustain 9,200 well-paying #American jobs" Example: 55 GE locomotives in 2016 http://www.dawn.com/news/1297289

The data shows that the United States exported $1.8 billion in goods to Pakistan in 2015, creating or supporting over 9,200 US jobs. As one example, General Electric won a contract this year to provide 55 locomotives to Pakistan Railways, all of which will be manufactured at Erie in Pennsylvania.

The data reveals that foreign direct investment from Pakistan to the United States in 2015 supported up to 1,000 additional US jobs.


http://www.dawn.com/news/1297289
January 27, 2017 at 9:56 AM
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