Look Back 2019: PM Lee reaches out to Singapore’s key partners – The Straits Times

Against the backdrop of airspace and maritime disputes in the months beforehand, and ongoing adjustments following the Pakatan Harapan coalition's surprise win last year, came the ninth Malaysia-Singapore Leaders' Retreat in April in Putrajaya.

It marked the first retreat together as heads of government for Prime Minister Lee Hsien Loong and Malaysian Prime Minister Mahathir Mohamad. The spotlight was on the meeting and what it might signal for the neighbours' relationship.

Indeed, progress was made: They reaffirmed strong economic ties and their commitment to resolve issues of concern in an amicable and constructive manner. Outstanding matters tabled included the maritime border issue, the 1962 Water Agreement, flights in the Pasir Gudang airspace and the postponement of the Kuala Lumpur-Singapore High-Speed Rail project.

PM Lee's sojourns over the year included notable visits to Indonesia for President Joko Widodo's inauguration for his second term, as well as to China and the United States.

Financial cooperation was high on the agenda when Mr Lee and Mr Joko met in Singapore for their annual leaders' retreat in October. Both countries agreed to renew a US$10 billion (S$13.6 billion) bilateral financial arrangement between the Monetary Authority of Singapore and Bank Indonesia, to support monetary and financial stability. They also agreed to boost tie-ups in the digital economy, industrial parks, tourism and infrastructure, and to strengthen the flow of trade and investments.

Farther afield, Mr Lee visited China in April to attend the second Belt and Road Forum. He met Chinese President Xi Jinping and Premier Li Keqiang to discuss the progress of government collaboration projects, as well as developments like the Regional Comprehensive Economic Partnership (RCEP). Both sides inked agreements to collaborate on trade, law enforcement and projects under the Belt and Road Initiative.

September saw Mr Lee making his first address to world leaders at the United Nations General Assembly since becoming Prime Minister in 2004. He called on them to push harder against the tide of isolationism and uphold multilateralism, and stressed the need to work together to deal with complex global problems like climate change.

He also met US President Donald Trump, and both leaders signed an amendment to the 1990 Memorandum of Understanding Regarding the US Use of Facilities in Singapore, a landmark agreement that underpinned the US' security presence in the region for almost 30 years.

Singapore's relationship with Indonesia strengthened substantially over Mr Joko's first term as President. His second term, which began at the end of October, is a chance to build on this and iron out longstanding bilateral issues on airspace management and military training.

With Malaysia, tourism, bilateral trade and investment remain strong. Both countries are each other's second-largest trading partner, and there is scope for companies to collaborate on the digital economy, among other areas. The challenge is to keep communication channels open, and have exchanges on mutually beneficial cooperation.

Opportunities abound to meet foreign counterparts during bilateral visits, as well as at multilateral meetings and conferences.

As Deputy Prime Minister Heng Swee Keat said at The Straits Times Global Outlook Forum last month, through these meetings, leaders develop a good personal understanding of one another so that even difficult bilateral issues can be discussed amicably. He had noted: "This is crucial because we have more common interests than differences."

Against the backdrop of anti-globalisation and anti-trade rhetoric, continued cooperation on trade pacts such as the RCEP is also important. The 10 Asean nations and five other countries - Australia, China, Japan, New Zealand and South Korea - concluded negotiations on all 20 chapters and market access issues of the RCEP trade pact earlier last month, with the intent to sign it next year.

For the Republic and its like-minded partners, such pacts help to create jobs through greater trade and investment flows. They also signal continued commitment to strengthening the rules-based multilateral trading system.

Next year marks the 30th anniversary of diplomatic relations between China and Singapore, and the bilateral relations face new opportunities for development.

In addition to partnerships at the government level, companies on both sides can explore joint projects in third countries in sectors such as infrastructure, logistics, and financial and legal services.

The milestone renewal of the 1990 defence pact with the US allows American forces access to Singapore's air and naval bases for another 15 years until 2035.

Following Malaysia's request - its third - to extend the suspension of the Rapid Transit System (RTS) project, Singapore and Malaysia will need to sign three agreements by the end of next April on the cross-border RTS Link.

President Halimah Yacob is also slated to make a state visit to Indonesia. Following her meeting with Mr Joko in Singapore in October, there is room to deepen ties in areas such as trade and investments, human resource development, tourism, education and culture.

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Look Back 2019: PM Lee reaches out to Singapore's key partners - The Straits Times

Gilgit Baltistan: a peace of heaven! – Daily Times

There are tons memories concerning the plight of 1.3 million individuals of Gilgit-Baltistan (GB), who stay in fragile surroundings at the mercy of nature. Beauty, peace, tranquillity and serenity are the terms related to this some distance-flung region of West Pakistan. GB is loosely described as a centrally-administered, partially-empowered and economically-based part of West Pakistan. With all its natural endowments of gemstones, and mineral and water resources, the location is one in every of the simplest tourist locations of the planet.

In step with a conservative estimate, GB has the ability to generate annual revenue of $1 billion from its natural resources and tourism, and fetch the once a year revenue of $10 billion through renewable power. In this foundation, GB isnt always nearest impartial but conjointly has the ability to emerge as the maximum critical sales generator for Pakistan economy.

With all its ability of prosperity, GB is marred by way of a lease-in search of, corrupt and inept political device that runs through an inflated paperwork and a disempowered local regulation-makers. The Empowerment and Self-Governance Order 2009 defines the legislative, administrative and felony capabilities of governance in GB together with the precept of separation of powers some of the native parliament, judiciary and forms. Although the 2009 order offers authority of regulation to the local assembly on key topics of economic, political, cultural and criminal affairs, it does no longer outline the procedures that would affirm the link with the federation vis--vis monetary developing.

As there is no formulation of resource allocation and distribution supported by the appearance and recommendations of the local regulation-makers. Having no provincial repute inside the constitutional framework, GB isnt always eligible for the National Finance Commission (NFC) award. Considering budgetary allocations area unit preset and high down, they neutralize the effect of nearby law. This pinnacle-down approach of political management has decreased the capability, power, will and dedication of the GB government to devise an organic procedure roadmap for the place. Subsequently, there is a large disconnect between the GB government and additionally the national on vital matters relating to local development.

For instance, with the devolution of powers to provinces beneath the eighteenth change, GB stands nowhere in the countrywide development coverage. For the reason that vicinity isnt ruled underneath the constitution, there are not any empowering edges of the eighteenth change for it. More notably, after the devolution of powers to provinces, the federal government doesnt appear to own any comprehensive political strategy of integration GB into this devolved mode of political governance. The GB government and various ministries of the federal government have their own interpretations of position and duties once the eighteenth change. there may be no resource allocation components additionally as development making plans apart from the transfer of finances to GB as a legal responsibility of the countrywide.

Then again, the 2009 order affords a complex system of useful distribution of body powers among federal and native forms. The cutting-edge political and administrative setup lacks the institutional arrangement of answerableness, transparency and inclusivity on important subjects of public interest cross from financial aiming to benefit-based hiring of employees on development comes.

There have been political appointments on key positions of foreign-funded improvement tasks. As an example, the IFAD-funded Economic Transformative Initiative (ETI) granted to the GB government is a 5-yr included monetary development programme of worth $120 million. The ETI shows how political appointments end result into unskillfulness and corruption, and collusion for evading tracking and accountability. This challenge ought to carry concerning transformative modifications by means of establishing powerful agricultural really worth chains and development programmes to assist local farmers improve their effective functionality.

Delays and irregularities in the implementation of the mission display inadequate expert credentials of venture control. The ETI is being carried out thru the coming up with and development division unitedly with the task organizer under the supervising of the Chief Secretary of Gilgit-Baltistan. That is the biggest overseas-funded development programme inside the place with the ability to deliver entrepreneurial opportunities and enhance the first-rate of dwelling. Despite the fact that, the undertaking has not been able to meet its development targets. Fraught with delays in implementation, the undertaking does no longer have a robust best assurance and commentary perform to make certain transparency of fund allocation and its utmost utilization.

Constructing new economic zones for CPEC will profit West Pakistan in the means of business development and make employment opportunities for native individuals of Gilgit Baltistan

The untapped development capacity of this place is a hazard for investors in enterprise alternate, energy, minerals and border substitute. GB has the capacity of generating 70,000 megawatts of renewable strength from its hydrological resources, but most of its districts location unit plunged in darkness. The maximum vital tourist destinations, consisting of Hunza and Skardu, lack simple infrastructure to deal with vacationers. There may be quite 16 hours of loadshedding on each day in Hunza by myself with surprising power outages including salt to damage.

Final year, a million vacationers visited the location notwithstanding the very reality that there has been no incentive or facilitation from the GB authorities. The neighborhood hoteliers and visitor residence homeowners used excessive electricity diesel and gasoline turbines to form up for the dearth of electricity. This turned into quite damaging to the natural environment and uncovered local citizens to metastasis sicknesses. Maximum of the vacationers visited the Khunjerab pass, which become turned, into a garbage net web page within the absence of a solid waste disposal machine.

Within the context of mounting improvement in demanding situations, the sensible coverage choice for the federal authorities is that the integration of GB in the national improvement programme below the constitutional framework. This will, optimistically, result in stepped forward accountability, efficiency and political authorization.

Thus, it is proposed as Gilgit Baltistan is the Bottle-neck, so to say, is located on the corridor. Consequently, its far crucial to ensure that the bottleneck doesnt cripple the ability of this corridor. The government must set up an inexpensive economic improvement in Gilgit Baltistan to reinforce the economy of individuals. The dry port should not shift to Havalian to guard native enterprise and jobs. The authorities must sell neighborhood manufacturing and exportation of culmination of Gilgit Baltistan within the worldwide marketplace. To attain economic development, it is going to be necessary to stay in thoughts the balance between the ecological footprint (useful resource call for) and additionally the bio-potential (aid supply) in Gilgit Baltistan. The ecological footprint throughout the planet has been growing inevitably as its ability has dwindled, main to a state of deficit. To be able to avoid the poor fallouts of improvement resulting from the projected corridor a special bill of citizens rights ought to be introduced. Each event would like to introduce a belongings development determine to shield the environment of Gilgit Baltistan from all terrible elements of the corridor.

So as to shape CPEC a hit, there are some simple issues, that ought to be looked after which location unit covered; coercion, provision of environmental safety, advent of latest special economic zones, and unique attention needed at the environmental impacts of this task on Gilgit Baltistan, and so forth. Executive has to adopt more complete policies as for Gilgit Baltistan regulation-makers. Leaving the tradition and parochial mentality of taking the covert and unilateral choices, GBs leadership must be taken on board on each call developing related to the China-Pakistan economic corridor. There is immediately need of training the younger era in numerous trades applicable and wanted for economic corridor linked professions in Gilgit Baltistan. Constructing new economic zones for CPEC will profit West Pakistan in the means of business development and make employment opportunities for native individuals of Gilgit Baltistan.

Therefore, for effective implementation of Special Economic zones in GB there should be status quo of smooth development mechanism cellular, sustainable land control, set up of weather surveillance measuring tool at GB, carbon neutral GB and country wide Biogas Plan within the area. Moreover, there are environmental issues in GB that include the pollution of air and water resources, erosion of soils, melting of glaciers, an increase of temperature, and the upward thrust of the flood through warming, because there is loss of biodiversity and increase the amount of greenhouse gases effect.

The writer is Advisor (PITAC, Lahore operated under Federal Ministry of Industries and Production, Islamabad)

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Gilgit Baltistan: a peace of heaven! - Daily Times

Our Top Infographics of 2019 – Visual Capitalist

This year, we published more than 300 posts on Visual Capitalist, getting well over 30 million views along the way.

Many of these graphics are visually stunning, but theres only room for 19 posts on the annual list of our best work. Below, youll find the Top Infographics of 2019 list, which contains our most popular infographics, as well as a curation of staff favorites for the year.

New this year is our Viewers Choice award, which is given to the best visualization, as chosen by our loyal VC+ readership.

Below are the top posts of 2019. But first, a few quick notes:

Wishing you the best in the new year! The Visual Capitalist Team

If you like what you see on the following list, dont forget to subscribe to our mailing list or connect via Facebook, Twitter, or LinkedIn to get our free content daily.

Let the countdown begin

When it comes to making money, not all personality types play on an even playing field.

This recent post breaks down Myers-Briggs personality types by average earning potential, including the specific facets that tend to correlate positively with money over the long term.

Digital media moves at a breakneck pace and with almost no barriers to entry, its no surprise to see the pecking order turn over every other year.

Even so, its easy to forget that names like GeoCities, Lycos, and Ask Jeeves once dominated the internet landscape as we knew it. Our infographic from earlier this year balances the technological pace of change with nostalgia, to show how the web has changed over recent decades.

In 2018, the global banking industry raked in $1.3 trillion in after-tax profit.

In this infographic, we looked at where the money is in banking as well as the upcoming geographic regions and segments that will fuel the future of banking.

The American Revolution was born out of colonial dissent towards unfair taxation policies.

For this reason, its no surprise that the evolution of U.S. taxation itself has been inextricably linked to contentious debate and even moments of rebellion. Our infographic on the history of U.S. taxation helps paint a picture of this story.

Esports is already filling stadiums and soon it could be lining investors pockets as well.

Our recent infographic breaks down the history of this soon-to-be multi-billion dollar industry, while also showing you the five factors that will determine the pace of future growth in esports.

Imagine a world where over a billion citizens are scored on how good they are, based on a set of criteria put forward by the government.

What could possibly go wrong?

Which countries are the most corrupt?

This colorful map breaks down the Corruptions Perception Index an attempted measure of the perceived level of public sector corruption in over 180 countries.

For decades, the space economy has been driven solely by government spending.

Of course, the government still plays an important role in the sector today, but the final frontier is also seemingly open for private business and sustained investment. In the near future, space tourism, resource extraction, and other segments could make space a trillion dollar industry.

Historically, oil and gas discoveries have been an unparalleled source of wealth for many countries around the world.

This recent post maps out the biggest oil discoveries ever made, while also highlighting the flipside to the story: in a global economy where dependency on fossil fuels is expected to diminish, is any new discovery a blessing or a curse?

Which company or organization is the largest employer in every state?

This animated map focuses in on employment statistics but really, it gives perspective of the dominance of Walmart, the nations largest brick-and-mortar retailer and private employer.

This series of maps highlights several metrics that are used to evaluate housing markets, including the price-to-rent ratio, price-to-income ratio, real house prices, and credit to households as a percentage of GDP.

See which countries have ratios out of whack, and what it could mean for housing markets.

Only 15 countries account for over 72.2% of global carbon emissions.

See it all visualized and also see the percentage of fossil fuel emissions that have occurred in your lifetime.

This series of maps provides a look at each individual continent, to identify the happiest (and unhappiest) country in each region.

Its been 70 years since the founding of the Peoples Republic of China.

This nifty graphic timeline contains an impressive amount of history and facts about the countrys prolific rise and economic growth.

Its not always easy to tell which new technologies will pan out, and which will fail to live up to societys expectations.

But hindsight is 20/20 so in this graphic, we look back at almost 20 years of Gartners hype cycle of emerging technologies, to see what amounted from many of the technological breakthroughs that have gained traction over the years.

In this spectacular data visualization, we resize the worlds top 100 websites according to the amount of traffic they receive.

The end result provides a fascinating snapshot of global web traffic, and the impressive scale of the internet.

What is the origin story behind Tesla, and how did it end up becoming the innovative car company it is today?

We condense the history of Tesla into about five minutes, while also providing an outline of the future vision of Elon Musk.

Did you know that government debt now adds up to $69 trillion globally?

The latest version of our famous world debt graphic breaks down the debt owed by each country as a proportion of world debt, as well as debt to GDP ratios.

Tech giants are finding ways to play bigger roles in our digital lives, whether its through computers, smartphones, smart devices, or apps.

As names like Facebook, Amazon, and Google have become even more ubiquitous, theyve also leveraged network effects, scale, and winner-take-most marketplaces to build up powerful businesses as well.

Our #1 pick of 2019 showcases the Big Five Tech Giants and their various revenue streams which, when combined together, add up to over $802 billion per year.

Finally, its time for our Viewers Choice award.

We polled our VC+ members last week to get a tally for which visualization this year was their favorite, with this video on the largest projected economies in 2030 taking the cake.

Until next time, have a fantastic holiday season and a happy new year!

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Our Top Infographics of 2019 - Visual Capitalist

Open and shut cases: North – Resource Clips

How do the territories mine openings compare with closures for 2019 and 2020?

by Greg Klein

See part 2 of this series, covering the western provinces.

One indication of the state of mining involves the vital statistics of births and deathsthe new mines that arrived and the old mines that left. To that end we survey each Canadian region for some of the major gains and losses that occurred over the past year or are expected for the next. The first of this multi-part series looks at the countrys three northern territories, with each distinct jurisdiction contributing to a study in contrasts.

Yukon

Yukon without mining? That might surprise people better acquainted with the territorys past than its present. But such was the case for nearly a year, following the suspension of Minto, Yukons sole remaining hardrock mine up to 2018. Nevertheless operations returned to this fabled mining region in September as Victoria Gold TSXV:VITcelebrated Eagles debut. By late November the company reported 10,400 ounces of gold and 1,600 ounces of silver from the heap leach operation.

Victoria Gold finished construction a month early on Yukons largest-ever gold mine. (Photo: Victoria Gold)

Less than two weeks later the company unveiled an updated feasibility study raising the annual production target for the territorys largest-ever gold mine from 200,000 to 220,000 gold ounces, based on a 20% increase in proven and probable reserves for the Eagle and Olive deposits. Victoria expects to reach commercial production in Q2 2020.

By mid-October Minto came back to life under LSE-listed Pembridge Resources. Capstone Mining TSX:CShad placed the underground mine on care and maintenance in 2018, after about 11 years of continuous operation, as acquisition negotiations with Pembridge stalled. But the companies sealed the deal last June. Within weeks of restart Pembridge reported 1,734 dry metric tonnes of copper-gold-silver concentrate. Proven and probable reserves totalling 40,000 tonnes copper, 420,000 ounces silver and 45,000 ounces gold give Minto an estimated four more years of production.

Among the most advanced Yukon projects is BMC Minerals Kudz Ze Kayah, a zinc deposit with copper, lead, gold and silver. The privately owned UK-based company reached feasibility in June and hopes to begin at least nine years of mining in 2021.

Environmental/socio-economic reviews continue into Newmont Goldcorps (TSX:NGT)Coffee gold project and Western Copper and Golds (TSX:WRN)Casino polymetallic project. Should Casino make it into operation, the copper-gold-silver-molybdenum operation would be by far the territorys largest mine.

Read more about Yukon mining.

Northwest Territories

Confidence in the territorial economy fell last October when Moodys downgraded a $550-million bond issued by Dominion Diamond.Theres no plan in place to extend the mine life at a time when the debt is coming closer and closer to coming due, the credit ratings agencys Jamie Koutsoukis told CBC. We continue to see a contraction in the time they have to develop this mine plan.

Part of the Washington Group, Dominion holds a majority stake in Ekati and 40% of Diavik, where Rio Tinto NYSE:RIO holds the remaining 60%. Along with De Beers/Mountain Province Diamonds (TSX:MPVD)Gahcho Ku, the three diamond operations comprise the territorys largest private sector employer.

Agnico Eagle once again laid claim to Arctic riches with the Amaruq satellite deposit, over 300 kilometres west of Hudson Bay. (Photo: Agnico Eagle)

In an October presentation before the territorys newly elected legislative assembly, the NWT and Nunavut Chamber of Mines urged the government to safeguard the economy by improving investor confidence in the mining industry.

An election year in the NWT and Canada-wide, 2019 brought optimistic talk and initial funding for the NWTs Slave Geological Province Corridor and Nunavuts Grays Bay Road and Port, two transportation proposals that would offer enormous potential for mineral-rich regions in both territories.

Nunavut

Whispers could be heard throughout the room as intervenors turned to their colleagues. Members of the audience turned their heads, looking for Baffinlands reaction to what was unfolding. Baffinland officials sat stone-faced, sometimes crossing their arms and looking down at the table as [Nunavut Tunngavik Inc. president Aluki] Kotierk spelled out the motion.

That was the scene described by the Nunatsiaq News as the Nunavut Impact Review Board abruptly suspended hearings into Baffinland Iron Mines $900-million Phase II expansion plans for Mary River. The proposals, already accepted by Ottawa, include building a railway to replace a 100-kilometre road north to the companys Milne Inlet port and doubling annual production to 12 million tonnes iron ore. The new railway proposal comes in addition to a previously approved but un-built 150-kilometre southern rail link to a harbour that had been planned for Steensby Inlet.

The company maintains that expanded production and a northern rail line will be crucial to the existing operations viability. Responses at public hearings ranged from support to skepticism and outright opposition. Within weeks of the hearings suspension and a month ahead of a scheduled layoff, Baffinland let go 586 contractors who had been working on expansion preparations.

About 290 kilometres southeast of Meadowbank, Agnico Eagle celebrated Meliadines first gold pour in February.(Photo: Agnico Eagle)

Despite all that, operations continue at Mary River and Nunavut remains a bright spot in Canadian mining.

Thats largely due to Agnico Eagle TSX:AEM, which brought two new operations to the territory. Meliadine began commercial production months ahead of schedule in mid-May, followed by Amaruq in late September.

As a satellite deposit, Amaruq brings new life to the Meadowbank mine and mill complex 50 kilometres southeast. With the latter mine wrapping up its ninth and last year of operation, Amaruqs open pit offers an estimated 2.5 million ounces up to 2025. Should hoped-for permitting come through in late 2020, a Phase II expansion could broaden the lifespan. Meanwhile drilling seeks to upgrade the projects underground resource.

Meliadine began with underground production but has an open pit scheduled to come online by 2023. Combined open pit and underground reserves of 3.75 million gold ounces give the operation a 14-year life.

TMAC Resources (TSX:TMR) expansion plans moved forward in October as construction began on an underground portal to Madrid North, a fully permitted deposit that could enter production by late 2020. The new operations probable reserves of 2.17 million gold ounces far overshadow the companys other three Hope Bay deposits, which total 3.59 million ounces proven and probable.

By comparison, the current Doris operation hosts 479,000 ounces proven and probable. Hope Bay has updated resource/reserve and prefeas studies scheduled for Q1 2020.

See part 2 of this series, covering the western provinces.

This article was posted by Greg Klein - Resource Clips on Wednesday, December 18th, 2019 at 1:12 pm.

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Open and shut cases: North - Resource Clips

Tackling the difficult political history of the sub-continent – Dhaka Tribune

Professor Nurul Islams exploration of India, Pakistan, and Bangladesh should be required reading for all committed to learning this history

Professor Nurul Islam is a distinguished economist of global repute. He is teacher of my teachers. I have reviewed most of his books written on the Bangladesh economy, including his fascinating autobiography.

All these books have been written for professional economists and young researchers. However, the book which I am going to present today to the readers is simply unique.

This is a book which has been written in his simplistic style with a passion to educate the younger generations who often receive confusing messages regarding their political history from the traditional historians.

So, from that perspective, this is an exceptional book and the author should be congratulated for this socially responsible attempt to clarify the mess which has been baffling the youths.

The book India-Pakistan-Bangladesh published by Prothoma Prokashan (2019) is a historical writing about the break-up of British India into two and then eventually three nations written by economist Dr Nurul Islam.

The book first explains the circumstances that led to British India being divided into two nations -- India and Pakistan -- and then the eventual struggle by East Pakistan for freedom and the formation of Bangladesh as an independent nation.

In this sense, the title of the book explains its content, since the geographical area known as India before 1947 got transformed into India and Pakistan after they gained independence from the British, and later in 1971 East Pakistan gained independence and became Bangladesh.

In Dr Nurul Islams own words the book seeks to answer an often-asked question whether the partition of British India could be avoided as well as a follow up question whether the breakup of Pakistan was inevitable.

The book is based on the hypothesis that when political parties are based on a fixed characteristic like religion or race, voters in an electoral democracy vote for the party that have the same characteristic as the voter, and as a result there is the creation of a permanent majority and a permanent minority.

In such a case, it is almost impossible for the minority party to win and the minority group may then have to face inadequate opportunities in political, economic, and social spheres.

A major reason that led to the partition of India was that MA Jinnah was aware that the Muslims in India were a minority and, in the case of an electoral democracy, the Muslim League would become the permanent minority with very slim chances of being part of the central governing body.

Again in 1971, West Pakistan and East Pakistan were separate geographical regions, and most of the population of Pakistan belonged to the Eastern counterpart. However, the civil society, military, and central government were all more dominant in West Pakistan.

An electoral democracy would then result in West Pakistan becoming the permanent minority, and those with power in West Pakistan would see a decline in their powers, which they did not want.

Historical context

The first part of the book explores the historical context that led to the Partition of India. India had a fair share of population coming in from both religions of Hinduism and Islam, but the majority were Hindus.

When the British ruled the region, they did not settle in India and only used the place for the purpose of resource extraction. Most of the local governing was done through Indian natives. However, the Muslims wanted to retain their Islamic roots and identity in the early days of British rule, whereas the Hindus were willing to learn from the British.

As a result, Hindus got an advantage and were able to occupy most of the administrative positions of pre-Partition India. A failed mutiny took place in 1857, mainly led by the Muslim members of the British Indian Army. The failure led the Muslims to practise more orthodox Islam.

This ultimately meant that the population of India at that time contained a more progressive Hindu majority and a rather backward Muslim minority.

Road to Partition

The second part of the book explains the events that led to the Partition of India. By the late 19th century, Muslims were becoming more progressive and modern as they realized their earlier follies. The Indian National Congress was formed in December 1885, and had little participation from the Muslim community.

The Congress had started a movement for self-government, and later, in the early 20th century, the British government introduced a separate electorate system for the Muslims. This was so that Muslims could be more integrated into politics, and have more representation.

The Muslim League was formed in 1906 in Dhaka. In 1916, the Congress and Muslim League joined forces in order to attain the institution of self-government in India. The Muslim League came up with the fourteen-point demand, but it was denied by the Congress, claiming that they too represented the mass of the Muslims of the country and special considerations were not, therefore, required.

British India saw two political parties by the 1930s -- the Indian National Congress, which consisted of mainly Hindu members, and the Muslim League with Muslim members. In order to establish self-governance, the British introduced provincial assemblies of elected representatives.

The Congress and the Muslim League took part in the elections and Congress won most of seats. The results of this election showed that the Congress became the permanent majority since they represented Hindus, and on the other hand, the Muslim League were the permanent minority.

Jinnah then propagated the two-nation theory which said that the Hindus and Muslims were two different nations. The idea of nations based solely on religion was rather unique since the general definition of nationhood included common historical experiences and shared values, ideals, and future aspirations.

But here, only religion was considered to be the basis of nationality. In 1947, the British proposed the Cabinet Mission Plan, which separated British India into three territories: Group A, B, and C.

Group B and C were proposed to have consisted of the Muslim Majority areas and would have considerable autonomy. The Congress, which was proposed to have Group C with Hindu majority, did not agree to the Cabinet Mission Plan and this ultimately led to the Partition of India into two nations.

A huge number of people migrated from one region to another -- the Muslims went to Pakistan and the Hindus went to India. A lot of violence took place against the minorities of the regions and many lives were lost. The trauma of this violent partition still persists in the psyche of both Muslims and Hindus who had to face this tragedy.

Pakistan is born

Part three of the book describes the creation of Pakistan. In August 1947, Pakistan became a nation with two regions separated geographically by India. The regions were smaller than what was originally proposed in the Cabinet Mission Plan, and the country had to face many disadvantages because of this.

East Pakistan lost out because of the Partition since most of the industries and commercial areas of Bengal remained in Kolkata and West Pakistan inherited infrastructurally developed areas. Even though the founders wanted a parliamentary democracy for the constitution of Pakistan, the five provinces could not come to an agreement.

The army that Pakistan inherited from British India was nearly one-third of the former Indian army and hence relatively more powerful compared to its Indian counterpart, given the smaller size of Pakistans land and population.

It also wanted a strong government so that they could have access to the resources. All institutions of the central government were located in West Pakistan and the military also consisted of people mainly from the West.

As a result, West Pakistan managed to get an overwhelmingly large share of the budget, even though East Pakistan housed majority of the population. The foreign trade policy and allocation of credit was centralized under the constitution of British India, promulgated in 1935. Representation by East Pakistan was 5% in the military, 30% percent in the bureaucracy and 15% percent in business.

The government also transferred resources from East Pakistan, which was already poor compared to the wealthier West Pakistan. The increased entrepreneurship and investment in West Pakistan did not create employment in the East and the government in the West had no incentive to allocate resources to East Pakistan.

In 1948, the decision was taken to make Urdu the state language of Pakistan. This resulted in the Language Movement of 1952 by the student community and was resolved by violence on part of the government. By 1956, East Pakistan created their own opposition political party.

A lot of back and forth took place in order to prevent East Pakistan from assuming power, since it was obvious that an electoral democracy would make East Pakistan the permanent majority. The disagreements of 1956 led to the implementation of martial law under Ayub Khan.

In the early 1960s, the government decided to ban the works of Rabindranath Tagore, claiming that he promoted Hindu culture. However, East Pakistanis considered this to be an attack on their identity.

East Pakistan was also left completely defenseless during the Indo-Pakistan war of 1965. In the late 1960s, Ayub Khan became unpopular to all of Pakistan due to the Tashkent Declaration, which was thought to have capitulated to the diplomatic pressure of India and given in too much to them.

A conference was held in Lahore in 1966, where Bangabandhu Sheikh Mujibur Rahman presented the Six-Point Program as a future blueprint for the constitution. The program was rejected right away by the West Pakistani delegates.

Around this time, the Awami League was the biggest party in East Pakistan and Pakistan Peoples Party was the largest in the West. West Pakistan did not desire an electoral democracy since the parties were based on unalterable characteristics and the majority belonged to the East.

The end of Pakistan

Part four is titled End of Pakistan and is essentially talking about the end of East Pakistan. The rejection of the Six-Point Program led to movements in East Pakistan. Awami League faced suppression by the Ayub government and many leaders along with Bangabandhu Sheikh Mujibur Rahman were imprisoned under the false accusations of Agartala Conspiracy case.

Ayub resigned after becoming ill in the face of broad-based protests from the agitating students, workers, and masses, mainly from the eastern part of the country, and was succeeded by General Yahya who arranged for a direct election to take place.

The AL fought in the election on the platform of the Six-Points Program and won all the seats in the national parliament from East Pakistan and became the single majority party in the National Assembly. The ALs win meant the program would have to be implemented and East Pakistan would gain significant autonomy over their resources.

The West Pakistani elites tried hard to make Bangabandhu abandon the program. However, they failed. In the end, the army used force against East Pakistanis. East Pakistanis fought back with arms and the struggle for independence began.

About 10 million refugees went to India. These refugees created pressure on the Indian economy and the displaced Bengali youths were trained in guerilla warfare to fight back for their just cause since there were no agreements among Bangabandhu and General Yahya.

Eventually, India directly interfered in the war and backed the Bengali freedom fighters. The West Pakistani forces surrendered on December 16, 1971.

Bangladesh is born

The fifth part of the book is about the emergence of Bangladesh. Bangabandhu came to Dhaka on January 10, 1972, after being released by the Pakistani army, and formed the government of Bangladesh.

The country was war-torn and faced many disadvantages. There was a lack of adequate administrative institutions and the economy was also backward. The constitution of Bangladesh was based on democracy, nationalism, secularism, and socialism.

The principles of democracy and nationalism were attained from the struggle for independence. Since 1947, the people of East Pakistan have struggled for democracy. Bangladesh was a nation that was not solely based on religion. Bangladeshi nationalism was meant to embrace all the cultural and religious diversity present in the country.

Socialism mainly indicated towards welfare liberalism of the West. The state was responsible for improving the standard of living of the people through economic growth, generating employment, and providing social security.

Secularism implied the separation of state and religion. Although, in later years, the constitution was amended quite a few times with changing governments, and has moved away from what it initially aspired.

The value of the primer

Since the intended audience for the book is young adults, I think the book does exceptionally well in briefly explaining the history behind the formation of the country. The concise size of the book will not discourage young readers and, despite being concise, it has a lot of information that the younger generation is likely to be unaware of.

It provides a lot of insight on the economic aspects and thinking that went into Bangladesh becoming an independent nation. This is also something which I believe many young adults do not have enough knowledge about.

The appendix about the Six-Points Program and two economies thesis are also brimming with information and describes, very briefly, two important topics that have contributed to the formation of Bangladesh.

The presentation of this primer is not only simple and lucid, but also captivating with flawless, well-reasoned arguments.

Professor Nurul Islam will be well-remembered by the young readers for this gift of a primer on the political history of the sub-continent, which has been experiencing many common problems despite some spectacular progress in areas of economic development.

Certainly, Professor Islam is absolutely on target when he writes his concluding sentence of the book which says: They are yet to develop a spirit of cooperation that allows them to live in harmony.

This primer deserves to be a textbook in almost all undergraduate courses of history, political science, and economics in all the universities of the sub-continent.

Atiur Rahman is a Bangabandhu Chair Professor, University of Dhaka, and a former Governor of Bangladesh Bank. He can be reached at [emailprotected]

Read more from the original source:

Tackling the difficult political history of the sub-continent - Dhaka Tribune

Innovating Your Way Out Of The Resource Curse – Forbes

Innovation in Doha

As you fly into Doha and cast your eyes over the gleaming towers of West Bay or the striking new facilities emerging on a daily basis both in central Doha and Education City, it can appear incredulous to countenance Qatar as a nation afflicted by the resource curse.Indeed, its GDP per capita of $72,700 marks it out as one of the wealthiest nations on earth.

Yet, in an economy whereby 60% of GDP and 85% of exports are derived from oil and gas, the need to diversify is evident, not least due to the decline in oil prices since 2014 that many believe is the new normal and the political and economic blockade that was imposed by some neighboring countries in June 2017.

The concept of the resource curse emerged a few hundred years before the term was first coined by economist Richard Auty.The term describes the apparent difficulty many countries that have abundant natural resources have in terms of growing their economy.

Institutions and Macroeconomic Policies in Resource-Rich Arab Economies, a new book by Kamiar Mohaddes, Jeffrey B. Nugent, and Hoda Selim, explores the topic through the particular lens of the six Arab nations that make up the Gulf Cooperation Council.The authors argue that the challenges imposed by the resource curse are not so much due to the price volatility of the resource itself, but rather weak institutions.

Qatar have attempted to overcome this via the creation of the Qatar Foundation in 1995, which aimed to unlock the human potential of the nation via education, innovation and entrepreneurship.In the two decades since the institution was forged, they believe that the foundations for success have been established, with the centrepiece being the Education City district that houses the educational, scientific and entrepreneurial efforts of the city.

The 12 square km Education City is home to a wide range of K12 and higher education facilities, including seven international campuses from institutions such as Northwestern, Texas A&M and Carnegie Mellon universities, with HEC Paris then offering executive MBAs from its campus in West Bay.Rather than providing a full range of programs, each university specializes in particular disciplines so that each campus provides a complementary rather than competitive experience. The international universities are complemented by Qatars own Hamad Bin Khalifa University which offers a range of research and graduate programs.

Collectively there are over 3,000 students from over 60 nations on campus, undertaking 55 programs.These facilities help to fulfill the ultimate ambition of the project to create good jobs for the citizens of Qatar by equipping them with the skills they need to thrive in the future of work.

Qatar Science and Technology Park

The campus is complemented by a wide range of facilities that aim to capture and combine the knowledge produced on campus via a range of dedicated research facilities.Qatar Foundation Research, Development and Innovation strives to develop innovative solutions, both for the unique challenges faced by the nation, but also those of the wider world.

The centrepiece of the institute is the Qatar Science & Technology Park, which brings together applied research and technology innovation, incubation and entrepreneurship.The park, which has been operating for a decade, has created a free zone and business park to encourage multinationals to rub shoulders with researchers and startups to generate technology-driven businesses.

The park aims to support enterprises at all stages of their development, from early stage product development via the incubation center, to venture capital and joint R&D projects for more advanced startups.

To date, 20 startups have been created and sit alongside over 50 multinational companies, including Cisco, Microsoft, General Electric, and a whos who of the global oil and gas community.

The park is bordered by a range of biomedical innovation facilities, including the Qatar Biobank and Genome Programme, and the cutting-edge Sidra Medicine teaching and research hospital specializing in womens and childrens health.These projects sit alongside the National AI Strategy that was published recently, with biomedicine and precision medicine one of the pillars of the strategy.

To date, over 15,000 Qataris have had their genomes sequenced as part of the Qatar Biobank project, with the ultimate aim to ensure all citizens have their genomes sequenced, in what is hoped will be the worlds leading repository of Arab genomic data in the world.This will feed into the countrys precision medicine program that underpins the Qatari National Health Strategy 2018-2022, which strives to take a more preventative and community-based approach to medicine and healthcare.

This is especially important as the country suffers disproportionately from lifestyle-related conditions such as diabetes and obesity, with nearly 70% of mortalities occurring from these conditions.

How effective have these efforts been in driving the Qatari economy?The results to date have been mixed. There is no doubt that the city is awash with incredibly impressive facilities, but as Mohaddes et al highlight the inefficient spending patterns that are common in oil-rich countries, combined with insufficient public scrutiny, results in significant waste.

While its not clear that Qatar has personally been beset by waste, or more mendaciously fraudulent behavior, the output from the considerable investments has been modest.Indeed, many of the gleaming facilities are crying out for the throngs of people and energy that most characterize the very best innovation hubs around the world. This is undoubtedly a long-term project, and while the economic realities of the country do allow for a long-term investment approach to be taken, there remains uncertainty about whether the oil price slump and the economic blockade have provided a sufficiently significant burning platform to trigger the kind of changes required to truly shift the economy away from hydrocarbon-based industries.

Indeed, while direct revenue from oil and gas fell to below 50% of GDP in 2017 (from 60.1% in 2011), this hides the fact that much of the other half of the economy is heavily reliant on the oil and gas sector for its revenues.This is reflected in the 80% of exports that are accounted for by hydrocarbons.

Oslo City Hall from Aker Brygge Marina - Oslo, Norway

Norway has been in a similar situation since oil and gas deposits were discovered in the North Sea shelf in the 1960s.Since then, oil and gas has regularly contributed around 20% of national GDP, with figures in 2012 revealing that the petroleum sector constituted 23% of GDP, 30% of government revenues and 52% of total exports.With estimates that nearly half of the petroleum resources on the Norwegian shelf have been produced however, it's clear that diversification of the economy is necessary.

The factors prevalent during the Dutch disease of the 1960s have also been evident in Norway, as high oil revenues led to increased public consumption, which in turn led to higher domestic costs.Indeed, in 2012 hourly wage costs in the manufacturing sector were 69% higher than the European Union average, and while this can't account for the entire decline in Norwegian manufacturing, it has undoubtedly played a part.

Nonetheless, research comparing Norway's economic performance with that of Sweden, who are in many ways comparable, albeit with no oil and gas reserves to speak of, found that even accounting for petroleum-based revenue, the Norwegians were doing better than their Scandinavian neighbors.So how did they do this?

Research from the University of Oslo suggests the quality of Norway's political institutions is a major factor, with strong protection of property rights, reliable public bureaucracy and minimal corruption all contributing to robust economic growth.Indeed, the Global Innovation Index, produced each year by INSEAD and WIPO, places Norway in 19th place, with the quality of their institutions ranked 2nd in the entire world.

Oslo Startup Lab

This contrasts noticeably with Qatar, who linger in 65th place in the index, and are a noticeable outlier in the high income countries covered by the report for their poor performance.Qatari institutions perform particularly poorly, with the overall business environment ranked down in 91st place globally, which coupled with poor performance in primary and secondary education and the investment landscape hamper their attempts to diversify the economy successfully.

The relative advantage Norway enjoys is therefore partly explained by the fact that the country already had a long and stable tradition of democratic rule by the time oil was discovered.

This has allowed the country to not only attempt to sustain some of the success historically achieved in manufacturing, but flesh out complimentary prominence in related areas such as shipbuilding and geological services.

For instance, the Katapult Ocean aims to build on the countrys rich nautical heritage to encourage entrepreneurship in areas such as ocean health and aquaculture, while the StartupLabs accelerator specialize in Industrial IoT startups that build upon the engineering expertise established after extracting oil and gas from the North Sea over the past 50 years.

In many ways, the slump in oil prices since 2014 have been a boon to the startup scene in Oslo as so many engineers have either voluntarily or otherwise chosen to deploy their talents in non-oil disciplines, with many choosing to create startups.As recent research from MIT reminds us, older entrepreneurs are often better equipped to handle the rigors of startup life, not least because they have well developed networks from their career to date that can be tapped into when growing the business.

This is certainly the case in Norway, where many of the corporate partners required to prove the merits of an idea are the large oil and gas companies so many of the entrepreneurs have left.

Despite this, there are clear challenges in attracting the best talent away from the relative comfort and security of a well paid job in the oil and gas sector.When comparing the regular income provided by such work with the high levels of uncertainty inherent in entrepreneurial life and it can be challenging to make the leap, especially when one has family responsibilities and a mortgage to pay.This can be compounded by government policies that continue to tax stock options highly.

"If we're to truly diversify from oil and gas then it really is all about talent and ensuring we have the best skills possible," Alexander Woxen, Founding Partner and CEO of the StartupLabs accelerator told me recently. "So access to talent is really a key value driver and what can prevent us from growing, and the tax system is really not helping us to square the opportunity cost considerations people inevitably have when thinking about leaving their job."

The region has had a degree of success, with companies like FREYR raising several million to build a giga-factory in the Rana Municipality, but even this has largely been overshadowed by neighboring Northvolt, with the Swedish green battery company raising $1 billion to help develop its own facility in Skelleftea.

So what lessons can be learned from both countries?A recent paper from Stanford's Nicholas Bloom recently highlighted five things that hey believes are crucial to the development of successful innovation ecosystems.

It is perhaps in the talent side of the equation that both countries struggle with the most.There is an overwhelming temptation when developing innovation districts to focus on the built environment, and its hard to escape the huge amount of construction being undertaken in Doha.Streets, subways, faculties and hospitals are all being built, but such infrastructure is not enough to make a community innovative.

22@Barcelona provides a notable illustration of this, as the district, which is widely regarded as one of the pioneering developments of its type, has many of the hallmarks of innovation districts.There is a strong sense that the best ecosystems emerge organically out of existing strengths however, not least as research has shown that Londons TechCity district grew faster before the government decided to back it than afterwards.

What both Barcelona and London enjoy however is an extremely high density of people, who are dispersed across clusters of public spaces.These are what the World Economic Forum refers to as the glue of innovation systems.

As such, ecosystems typically thrive because of the dense social interactions and networks that spread across innovative hotspots.We literally get smarter by being around other smart people. Universities, research parks and so on can undoubtedly help to promote those connections, but so too can bars, parks and cafes.

As such, there is much to be said for the deliberate curation of networks to support the kind of social interactions that are so crucial to the innovation process.This is especially important in cities like Doha and Oslo, which are beset by not only high costs of living, but very lucrative incumbent economies that draw talent to them.

Creating the future

There is a strong sense that Norway is perhaps further along on this journey than Qatar, and indeed a recent paper from Berkeley suggested that growth in the country would have remained strong, even without discovering oil in the 1960s.

"The data shows that without oil Norway would have developed similarly to Western Europe," the authors say."It shows that the real GDP growth for a quarter of a century may have been 1.8% per year without oil, compared to 3.3% with oil."

Indeed, its perhaps illustrative to look at the performance of neighbors such as Denmark and Sweden, both of whom sit at the top of Imperial College Londons recent European Index of Digital Entrepreneurship Systems, which ranks European nations by virtue of their ability to support startups.

Both Sweden and Denmark, for instance, score very highly for the quality of institutions, the market conditions for startups and the quality of human capital.The success of the Nordic nations should perhaps come as no surprise, as Helsinki was rated the best startup ecosystem in the world in last years Global Startup Ecosystem report, which was compiled based upon data from over 1 million companies spread across nearly 100 cities around the world. Whilst the U.S. remains the market leader in terms of share of VC investment, there is a clear shift towards Europe and Asia, with China leading the pack.

Clayton Christensen famously chronicled the challenges organizations face in diversifying income after achieving success with a particular product or service, and the resource curse is that writ large on a national scale. Qatar and Norway are at different stages of their personal battle to move on from the oil bonanza that has so enriched both countries, and while it's fair to say that petroleum looms large over both economies, there is equally no shortage of effort to encourage fresh industries to emerge. Time will tell just how effective both prove to be in overcoming the resource curse and ensuring a prosperous future post oil.

See the rest here:

Innovating Your Way Out Of The Resource Curse - Forbes

Opinion: Is Canada’s economy keeping up with the Joneses? Unfortunately, the answer is no – The Globe and Mail

David Williams is vice-president of policy at the Business Council of British Columbia. Jock Finlayson is the councils executive vice-president and chief policy officer.

Its been about 12 years since the peak of the last business cycle in 2007. And as the 43rd federal Parliament sits for its first session, its a good time to reflect on how Canadas economy has performed compared with other advanced countries over the current business cycle. Has Canada kept up with the Joneses?"

Unfortunately, the answer is no. Canadians have seen a substantial deterioration in living standards relative to peer countries since 2007, according to Organization for Economic Cooperation and Development data. This is primarily because other countries have increased their productivity by more than Canada.

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Canadas peer group the Joneses includes the other Group of Seven countries, namely the United States, France, Germany, Italy, Japan and Britain. Australia and New Zealand are added because they have resource-based economies like Canada with similar institutions and well-educated work forces. Finally, we can also compare Canada to the average performances of the OECD, the G7 and the Euro area.

Germany, France, New Zealand, Australia and, on average, the Euro area, G7 and OECD have all increased GDP per person relative to U.S. levels since 2007. In contrast, Britain, Japan, Italy and Canada have lost ground to the U.S., with Canadas decline being the steepest.

Canada and Australia, for example, had identical GDP per person in 2007, at 83 per cent of U.S. levels, while Germanys was lower at 77 per cent. As the table shows, Australia and Germany lifted GDP per person to around 86 per cent to 87 per cent of U.S. levels by 2018, while Canadas dropped to 77 per cent.

OECD Statistics

Labour productivity explains most of Canadas relative decline in GDP per person. Australian and German workers output per hour improved by five percentage points vis-a-vis the United States between 2007 and 2018. In contrast, Canadian workers output per hour fell by the same amount. The Australian and German economies have become relatively more efficient over the current business cycle, while Canada has become less efficient.

The deterioration in Canadas economic performance compared with other advanced economies is widely felt. It helps to explain weak gains in real income, the affordability challenges facing many households, and the diminished quality of publicly funded services.

The OECD calculates the Gini coefficient, a comprehensive measure of income dispersion across households, for its member countries. These data show that Canada has the most evenly distributed market incomes, and the third most evenly distributed disposable incomes, among the G7 countries, Australia and New Zealand. Compared with its peers, Canada does a decent job in sharing economic gains, but has more of a problem generating them.

Canadian policy makers have been focused on trying to boost already very high rates of labour utilization by emphasizing work force participation and employment. As the table shows, this strategy has done little to advance Canadas relative living standards over the current business cycle.

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At the same time, governments have paid insufficient attention to policy changes that would reduce inefficiencies and raise productivity, such as comprehensive tax reform, the modernization and streamlining of regulatory systems, fostering more intense product market competition, and reducing internal trade barriers.

An optimistic view is that Canada now has considerable scope to raise living standards by pursuing structural reforms that accelerate productivity. This should be elected officials paramount focus if they care about improving the economic well-being of citizens over time.

Link:

Opinion: Is Canada's economy keeping up with the Joneses? Unfortunately, the answer is no - The Globe and Mail

Philip Cross: Stop meddling, government. Let the economy play to its strengths – Financial Post

Canadas lethargic growth persisted in the third quarter despite a decade of unprecedented fiscal and monetary stimulus. Real GDP was up just 0.3 per cent. The failure of government stimulus policies points to a need to re-examine what made Canadas economy competitive and productive in the first place.

Canadas history of business successes reveals our comparative advantage lay in natural resources, transportation, communications, banking, construction and manufacturing. These industries are based on the skills required to adapt and overcome our climate and geography. Instead of hampering many of these industries with excessive regulation and taxes, we should be allowing them to grow unimpeded by fixation on high tech or green energy as the engine of growth.

Natural resources, including farming, forestry, fishing and especially energy, have been foundational to our economy. Energy has been the most important. Without it we could not survive in such a dark and cold country. Over time technological advances shifted our primary energy sources from wood and coal to oil, gas and hydro power. While U.S. multinationals drove the post-war development of our oil and gas, Canadian companies largely developed the techniques needed to extract oil from the oilsands. Harnessing our rivers made Canada a world leader in hydro power, while building hydro projects in Quebec helped establish SNC and Lavalins expertise in engineering construction.

Mackenzie King mused that If some countries have too much history, Canada has too much geography. Canadas enormous land mass necessitated mastering transportation and communications to overcome the classic Canadian problem of distance. Samuel Cunard of Halifax initiated transatlantic steamboat service in 1840. Because waterways freeze in winter and not all of our regions are well-served by water transport, Canada wholeheartedly embraced railroads. So important were they in the 19th century that both B.C. and Nova Scotia made joining Confederation conditional on rail connections. By 1915 Canada had the most railway-miles per capita in world. Today CN and CP remain two of the five largest rail companies in North America.

New industries leveraged these talents by combining energy and transportation. The result created global leaders in pipeline transport and the long-distance transmission of hydro power. In the 1860s Canadas first pipeline connected Petrolia to Sarnia. Trans Canada Pipelines and Enbridge became two of the largest pipeline companies in North America, although they are now shifting to the more regulatory-friendly U.S. market. Hydro Qubec pioneered technology to transmit electricity from dams in northern Quebec to consumers in the south.

Canadas vast distances forced it to master global communication in both theory and practice. Marshall McLuhan coined the phrase global village long before globalization was a reality, while Harold Innis was also a world-renowned expert in communications. Alexander Graham Bell invented the telephone. Canada produced some of the worlds largest telecommunications equipment companies, notably Nortel and Research in Motion.

Canada has also been consistently proficient at finance and banking. The fur trade ran on credit extending over the several years it took for an expedition to travel to the Northwest and return to Europe with beaver pelts. Our banking industry, unlike the American, evolved on national and not provincial lines. By opening branches across the country, Canadas banks were less vulnerable to a downturn in one sector or region of the country. The result is perhaps the worlds most stable banking system.

Manufacturing is in our DNA. Manufacturings origins were in processing natural resources such as food and timber. Toronto was called Hogtown in the late 19th century when it was home to the largest pork-packing business in the British Empire. Ottawa owed much of its early development to the lumber trade. Canadas processing expertise means we import raw materials such as oil, gold and bauxite for refining, belying our reputation for only exporting raw materials for manufacturing elsewhere.

Canadas manufacturing evolved from refining natural resource products to building capital equipment used to produce natural resources. The Massey-Harris company was the largest farm equipment maker in the British Empire. Bombardier used local know-how in wood carving as the basis for manufacturing snowmobiles, then branched out to subway and railway cars and ultimately airplanes (which all involve installing electronics into a metal shell). After being a haven for building planes and training pilots in the Second World War, Canada has struggled with aerospace manufacturing. Still we are the fifth-leading exporter of aerospace products, even if several manufacturers, including Avro, Canadair and de Havilland, have failed, with parts of each absorbed by Bombardier.

The important lesson about Canadas comparative advantage is that it often results from necessity, local circumstance and synergies among successful industries, not academic fads or industrial policy framed in government offices. Instead of spending valuable resources subsidizing high-tech and green energy industries, we should allow sectors like natural resources, transportation, communications and manufacturing to build on their demonstrated history of growth.

Philip Cross is a senior fellow at the Macdonald-Laurier Institute.

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Philip Cross: Stop meddling, government. Let the economy play to its strengths - Financial Post

Premiers urge Ottawa to boost fiscal stabilization program retroactively to cope with downturn in resource sector – The Globe and Mail

Jason Kenney speaks to the media after a meeting of the Council of the Federation in Mississauga, Ont., on Dec. 2, 2019.

Nathan Denette/The Canadian Press

Premiers are calling for the expansion of a federal emergency fund that is meant to kick in when a provincial economy takes a sharp and sudden hit.

They also want the changes to be retroactive so that they help soften the blow of the recent downturn in Canadas resource sector.

The request is included in a final statement issued by the Council of the Federation, the grouping of Canadian premiers that met Monday in Mississauga, for the first time since the October federal election. Those election results which saw the governing Liberals reduced to a minority and shut out in Alberta and Saskatchewan fuelled calls from those two provinces for a new policy direction from Ottawa, particularly on oil and gas issues.

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In line with those calls, the final communique said premiers will work with Ottawa on improvements to the federal environmental assessment regime and to strengthen the fiscal stabilization program.

Canada's premiers agreed Monday to press the federal government for higher increases to health-care funding, but most expressed hesitation about a national pharmacare program. The Canadian Press

That federal program allows Ottawa to offer help when a province experiences a decline from the year before in non-resource revenues that is greater than 5 per cent.

A sharp decline in resource revenues can also be taken into account if it exceeds 50 per cent.

However, no province is expected to face a steep year-over-year economic decline in 2020.

The premiers said changes could include removing the programs per-capita cap of $60, lowering the qualifying thresholds and approving retroactive payments covering the past five years.

This was a tremendous moment of solidarity," Alberta Premier Jason Kenney said. This language on reforming the fiscal stabilization program is a key element of our ask for fairness.

Mr. Kenney said his broader request to renegotiate the much larger federal equalization program was put off for another time.

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Alberta applied to the stabilization program in February, 2016, and was quickly approved by Ottawa for the maximum payment allowed of $251.4-million. Newfoundland and Labrador also received $31.7-million that year, which the province says was later revised to $7.9-million.

The year before, Quebec received $103.4-million under the program. That had been the first time the program had been used in 18 years.

Newfoundland and Labrador Premier Dwight Ball called the current program outdated and insignificant.

The proposals, including other requests in areas such as health care, are now the main provincial demands heading into a first ministers meeting with Prime Minister Justin Trudeau early in the new year.

Alex Lawrence, a spokesperson for Deputy Prime Minister Chrystia Freeland, said the federal government is open and keen to discussing the issues raised Monday by the premiers.

The premiers recommendations are broadly in line with a report on the stabilization program by Bev Dahlby, research director for the University of Calgarys School of Public Policy.

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In an interview, Mr. Dahlby said provinces such as Alberta, Saskatchewan and Newfoundland and Labrador are more vulnerable to large economic swings because of their resource-based economies, which is why he recommends that the programs formula be changed.

Further, Mr. Dahlby said Ottawa should better communicate how payments are calculated.

Its a rather non-transparent program and almost entirely up to the minister of finance to determine these things, he said.

Provincial-level growth will swing considerably from this year to next, according to a recent Conference Board of Canada outlook.

Saskatchewan and Alberta are on pace to post the weakest GDP numbers in the country for 2019, with Saskatchewan dipping into negative territory and a mild recession.

However, Alberta will jump from second-worst to second-best in terms of growth for 2020, according the Conference Board. Saskatchewan is also expected to have a better year, with GDP growth of just over 1 per cent.

Original post:

Premiers urge Ottawa to boost fiscal stabilization program retroactively to cope with downturn in resource sector - The Globe and Mail

‘In pursuit of a knowledge based economy’ – The Patriot On Sunday

Prof OTLOGETSWE TOTOLO

I am honoured to be standing before you this morning on this auspicious occasion to welcome you to the 2019 BIUST Graduation Ceremony, the fourth of its kind since the establishment of this University. Allow me to welcome you to this unique campus of the Botswana International University of Science and Technology (BIUST) as the host to the Class of 2019. Although my task is quite simple, I will ensure that before I retire to my seat, you appreciate a few things about the distinct DNA of BIUST graduates, where they are and what they do to transform our communities.

Distinguished Guests, I am very proud of the BIUST Students, as they continue to raise the Botswana flag high. They always top in national and international competitions. Just recently, a team of five engineering and technology students participated in the Makeathon competitions spearheaded by the German Mechanical Engineering Industry Association (VGMA) to develop a solar powered electric car prototype. BIUST technical team played an instrumental role in the development of this prototype. This is a demonstration that we have the right technical skills and know-how to open investment avenues in Botswana and construct a solar powered electric car prototype. The team from BIUST had partnered with other tertiary institutions in the design and delivery of a mobile electric car. I accord them special recognition! This prototype speaks volumes and has amplified our ambitions of being a global player in the era of the Fourth Industrial Revolution. Some of our graduating students played an important role to achieve this dream.

Distinguished Guests Academic quality and the maintenance of high academic standards is the main currency of the University on which it builds its reputation and its long term future. Students who are key stakeholders have a legitimate expectation that their qualifications will be recognised and be held in high esteem in Botswana and internationally. In December 2018 the University was registered as a Higher Education Training Provider by the Botswana Qualifications Authroity (BQA). Substantial progress was made in preparing the academic programme portfolio which will pave the way for the registration of its programmes on the National Credit and Qualifications Framework (NCQF) and subsequently to receive recognition by the Engineering Registration Board (ERB) and international accreditation by the Engineering Council of South Africa (ECSA).

Equally important is to ensure the universitys academic programmes are aligned to the needs of the national economy as well as being able to make a unique contribution internationally. Student employability is a key indicator of the relevance of the Universitys academic programmes. The University undertook its second Graduate Destination Survey in November 2018 to establish the outcomes of the second cohort of students that had graduated at the second graduation ceremony held on February 18th 2018. Six months after graduation, 45% were employed; 19% were pursuing further studies, 2% were self-employed and 34% were actively seeking employment/further studies.

The success of BIUST will ultimately depend on the formative experiences and quality of student life experiences that are provided throughout the campus. During 2018/19, the University made progress in implementing the Student Services Standards for Tertiary Education in Botswana (HRDC: 2017). The overall efficiency and effectiveness of the services provided to students was enhanced and the following key areas of student life have received particular attention: (1) Personal Counselling and Support; (2) Health and Wellness; (3) Residence Life; and (4) Special Needs Services.

Moving on to the theme for this graduation, which is dubbed Harnessing Innovative technologies, entrepreneurship in pursuit of a knowledge based economy, I have deliberately invited the Guest Speaker, Dr. Tiro Mampane, the President and Founder of Boitekanelo College, with the sole purpose of injecting and motivating the Class of 2019 graduates with the panacea for business entrepreneurship to take the right steps towards transforming the economy from a resource-based to a knowledge-based economy. I trust he will propel our thinking to the audience that business entrepreneurship is the way to go towards actualizing sciences, engineering and technology in the new market frontiers.

Ladies and gentlemen, I want to encourage graduands to position themselves to create business ventures in 2020 and beyond, commercialise their technologies, create employment, and partner with strategic financiers for project financing in line with governments development plans. Do not be left behind, you have what it takes.

I would also like to take this opportunity to introduce and congratulate our new Chairman of the BIUST Council, Mr. Balisi Bonyongo who was appointed in June this year. This is his first graduation ceremony at BIUST and he will, on behalf of our Chancellor, and the third President of the Republic of Botswana, His Excellency, Dr. Festus Gontebanye Mogae, confer degrees to 390 graduands in Bachelor of Sciences, Bachelor of Engineering, Masters and PhD from different academic disciplines as follows:

a) 275 graduands in the Faculty of Engineering and Technology consisting of 272 Bachelor of Engineering and three Masters of Engineering; and

b) 115 graduands in the Faculty of Sciences, consisting of 105 Bachelor of Sciences , seven Master of Sciences and three Doctor of Philosophy.

This is a tremendous growth compared to the previous years where:

1. in Feb 2018/19 we graduated 267; being four Doctorates, 31 Masters and 232 Bachelors degrees;

2. in 2017/18, we graduated a total of 224 graduates; being; three doctorates, 63 Masters and 158 bachelors; and

3. In the inaugural graduation of 2016/17, we graduated a total of 58 being; and 51 Bachelors and seven Masters.

I stand proud to announce that the conferment of degrees to the Class of 2019, brings honour and renewed hope to Graduands and Parents as we inject a fresh breed of skills in industry who will join various sectors of the economy, being mining, water, engineering, telecommunications, finance, business and laboratory, ICT and banking industries in the quest to find solutions to community challenges!

BIUST is forever indebted to the Botswana Government for the financial support. The Government has generously agreed to sponsor seven projects under the National Development Plan (NDP) 11. These being the construction of the new state of the art Library building, Student Centre, the new Dining Hall and the expansion of the two main Faculty classrooms and research laboratories, data centres, and the auditorium. These projects are taking shape to match the ever evolving demand for services as the University expands in pursuit of excellence and knowledge in the fourth industrial revolution being.

I would also like to thank the BIUST Council for their unwavering support to this institution. To the academic staff who produced these graduands, we are proud for your mentorship and guidance, as well as support staff for their administrative support, and the organising committee who worked tirelessly towards the success of this ceremony.

This Graduation brings together local, regional and international experts and industry players in science, technology engineering and our respective parents and guardians under one roof, to witness the rewards of hard work and perseverance in Science, Technology, Engineering and Mathematics (STEM) driven institution. As we celebrate this success - we are not alone, fifteen (15) of our graduands will be bestowed excellence Awards from respective sponsors whom I sincerely welcome and salute for their enormous contribution. I would like to mention that Stanbic Bank, Debswana, Botswana Communications Regulatory Authority, Morupule Coal Mine and many more sponsors as highlighted in the Graduation Booklet have played an instrumental role in making this event a success. This is a clear demonstration of university and industry partnership. This graduation would not have been a beckoning success without their financial contribution.

Parents, ladies and gentlemen, I also wish to share with you that BIUST through its research, is in the process of patenting two (2) research projects being the BIUST Farmhouse and the BIUST Smart house which are very relevant to monitoring livestock remotely and conserving energy respectively. We will in the near future announce the launch the BIUST soap made from waste oil and tallow from our Abattoir in Lobatse, as well as coal beneficiation from Morupule Coal Mine for asphalt and oil as by products.

Other successes I want to celebrate openly alongside this graduation are Research Performance.

Per Capita Output :0.91

Weighted Citation Impact:0.89

Research publication per academic staff stands at 0.6

Total External Research Funds Received from 1st April, to 31st March 2019. BWP 4,190,838.90 (0.85%) of Total University Revenue (BWP489,932, 424.37).

We continue to partner and engage with various players in the academic and industry space to enhance our research efforts. To this end, I am delighted to announce that we are hosting the International Funders Conference to be held in May 2020, the first of its kind which will provide a platform for researchers to share their research objectives and achievements, as well as for the funders to share information on funding procedures and requirements. We are hopeful this will intensify research and improve our research performance.

BIUST is proud to play its role in not only equipping its students with knowledge and skills but also instil skills required of them to assume more proactive roles towards transforming Botswanas economy from resource-based to knowledge-based and the one that embraces the positive potential of the Fourth Industrial Revolution.

*WELCOME REMARKS AT THE CLASS OF 2019 GRADUATION CEREMONY AT BIUST IN PALAPYE, BOTSWANA ON SATURDAY 30th NOV 2019

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'In pursuit of a knowledge based economy' - The Patriot On Sunday

Experts say reliance on resource revenue is the reason for Alberta credit downgrade – The Globe and Mail

The downgrade this week in Albertas credit rating reflects the provinces long-term reliance on revenue from resources rather than the recent change in government, experts say.

And while analysts have been generally positive about the United Conservative Party governments plan to claw back spending, the plan carries significant risk and will only leave the provinces debt situation in slightly better shape than what the previous NDP government had planned.

Moodys Investors Service changed the provinces rating this week to Aa2, from Aa1, citing continued weakness in the provincial economy and its reliance on non-renewable resources. New York-based Moodys also upgraded the provincial outlook to stable, from negative, which essentially means the agency does not foresee another downgrade in the near future.

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The UCP government was quick to blame the New Democrats for the downgrade, pointing to the increase in provincial debt over the NDPs four years in power.

Adam Hardi, Moodys lead analyst for Alberta, said the rating was driven in large part by the provincial governments reliance on resource revenue and the reality that oil prices have not recovered as much as expected, as progress lagged on several new pipelines.

All of that together would indicate that theres a more structural issue here, a structural problem, and that was one of the key components of the rating consideration, Mr. Hardi said in an interview.

Those are driven by macroeconomic factors, to a large degree, that [are] beyond the control of any provincial government.

Mr. Hardi said the current governments focus on cutting spending by 2.8 per cent in coming years and reducing the deficit is positive. However, he said that is offset by the plans significant risk and uncertainty, especially as the province also cuts revenue through tax cuts at the same time.

He also said that Aa2 is still the agencys third-highest rating on a 21-point scale.

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Moodys is the second major agency to weigh in on the provinces credit rating since the spring election. S&P Global maintained its long-term debt rating for Alberta at A+.

Fitch Ratings, which maintained Albertas rating of AA in April, plans to issue an update early next year, although Fitch analyst Marcy Block said there hasnt been a significant change in the provinces overall trajectory.

DBRS, which before the election kept Albertas credit rating at AA, plans to update its rating before Christmas, said Travis Shaw, the agencys vice-president of public finance.

Mr. Shaw echoed the concern about resource revenue and said the UCP governments debt plan doesnt represent a significant change in direction, projecting a balanced budget only a year earlier than the NDP.

It looks fairly similar to what we have seen before, he said, referring to the recent budget. The revenue side of the equation is still highly volatile, with a good chunk of it being beyond their control."

He said the agency will be watching whether the government sticks to its budget plan and whether it is able to change course if there are unexpected changes to the economy.

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Trevor Tombe, an economist at the University of Calgary, said reports from rating agencies can be a good reflection of how investors view the province, but they dont have much of an impact on borrowing rates.

He said the Moodys report underscores Albertas long-standing bad habit of surviving off resource royalties.

Report after report after report for many years highlights the exposure of the Alberta government to commodity prices, and this is a choice that we make a province, that we keep making, he said.

Were still heavily dependent on ... resources, and that risk means that theres a lot of uncertainty around future debt projections for the province.

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Experts say reliance on resource revenue is the reason for Alberta credit downgrade - The Globe and Mail

In China, coal creeps back in as slowing economy overshadows climate change ambitions – Reuters

SHANGHAI (Reuters) - China is building more coal-fired power plants and approving dozens of new mines, despite assurances from the worlds biggest greenhouse gas emitter that it was serious about fighting climate change.

FILE PHOTO: Cranes unload coal from a cargo ship at a port in Lianyungang, Jiangsu province, China December 8, 2018. Picture taken December 8, 2018. REUTERS/Stringer

Chinas 2021-2030 policy plans are under close scrutiny as the United Nations climate change conference gets under way in Madrid, especially after a new UN report said the world needs to cut carbon dioxide by 7.6% a year over the decade in order to limit temperature rises.

But with the countrys economic growth at its slowest in nearly 30 years, industry data as well as speeches from leaders and industry officials suggest a willingness to lean on coal for power, especially in old mining regions.

We continue to work hard to advance the fight against climate change, but on the other hand, we are indeed facing multiple challenges such as developing the economy, improving the peoples livelihoods, eliminating poverty and controlling pollution, said Zhao Yingmin, Chinas vice environment minister, at a briefing last week.

Beijing promised this year to show the highest possible ambition when revising its emissions pledges next year, although it did not commit to more stringent binding targets. But it has built 42.9 gigawatts of new coal-fired power capacity since the start of last year, with another 121 GW under construction.

That compares with 35 GW of coal-fired power added in 2017 and 38 GW in 2016.

Although no net figures are available, regulators also approved 40 new mines with nearly 200 million tonnes of annual capacity in the first three quarters of 2019, compared with 25 million tonnes in all of 2018.

Major state-owned utilities want to shed as much of a third of their older and less-efficient coal-fired capacity in an effort to reduce debt, according to a government document seen by Reuters and confirmed by four sources. But even if they go ahead, the cuts will be offset by newer capacity added elsewhere.

In October, Premier Li Keqiang urged energy officials to promote clean mining and coal-fired power. Ambitious proposals to cap CO2 and fossil fuel use are no longer expected to be included in the 2021-2025 five-year plan, researchers said.

As it looks to stimulate the economy, Beijing may face less internal pressure to accelerate carbon cuts after hitting previous targets with relative ease.

China brought down carbon intensity - CO2 generated per unit of economic growth - by 45.8% from 2015-2018, beating its target by two years. Some forecasts say it could bring CO2 emissions to a peak by 2022, eight years ahead of schedule.

About this CO2 peak by 2030, I think we will be earlier than 2030, Fu Chengyu, former chairman of oil giant Sinopec, said during a recent panel discussion. Thats a good thing, but I see a slowdown in efforts at the government level that is dragging us down.

A major concern remains the economic fortunes of coal regions like Shanxi, which still relies on the fuel for half its jobs and 80% of its energy.

The fact that Shanxis economy relies heavily on coal is unlikely to change in the coming years, said a scholar at a provincial government think tank, speaking on condition of anonymity because of the sensitivity of the matter.

Much of the debate centers on how well renewables can supply reliable baseload power to China in the future and support major initiatives like vehicle electrification.

According to a research institute run by the State Grid Corporation, China will need 1,250 gigawatts to 1,400 gigawatts of coal-fired power over the long term to guarantee stable electricity supplies, up from around 1,000 GW now.

Yang Fuqiang, senior adviser with the U.S.-based Natural Resources Defense Council, said the debate depended on electricity demand forecasts: annual growth of less than 4.5% would require no new coal plants.

Though some policymakers have argued capacity is sufficient, with existing plants capable of providing more power, the amount of new approvals suggests the government will err on the side of caution.

Since coal is still a major resource, we will continue to rely on coal when we need it - and right now for instance, the economy is slowing and renewables are still relatively weak, said Lin Boqiang, dean of the China Institute for Energy Policy Studies.

Reporting by David Stanway; Additional reporting by Muyu Xu in Beijing; Editing by Gerry Doyle

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In China, coal creeps back in as slowing economy overshadows climate change ambitions - Reuters

Space race: The next trillion-dollar economy? – Fox Business

Kaltbaum Capital Management president Gary Kaltbaum talks with Bulls & Bears about Amazon's Jeff Bezos' Blue Origin teaming up with Lockheed Martin, Northrop Grumman and Draper to get Americans back on the moon by 2024.

The U.S. Chamber of Commerce on Tuesday hosted its second annual space summitat a time when an increasing number of companies arehoping to capitalize on what is quickly becoming a burgeoning economic opportunity.

The chamber said the space economy is expected to turn into a trillion-dollar industry over the coming years.

Analysts at Morgan Stanley agree. The Space Team at the investment bank projects the global space economy could surpass $1 trillion in value by 2040. The team put the current value of the space economy at around $350 billion.

JEFF BEZOS' BLUE ORIGIN SATELLITE LAUNCH PROTEST SUSTAINED BY GAO

BOEING DELAYS CREW CAPSULE TEST FLIGHT TO SPACE STATION

In an interview published in the Harvard Business Review, space economist Sinead OSullivannoted there are two primary parts of the space economy Earth-focused space technologies, like satellites, and space exploration, including the mining of materials.

Everything from weather, Wi-Fi, shipping and logistics, television and radio rely on satellite-based services.

But mineral mining is where OSullivan sees the big opportunity to send the space economy over the trillion-dollar threshold mining and bringing back materials that have value on Earth from asteroids or other planets.

Of course there are companies focused on national security opportunities in space, like Boeing and Honeywell, and human spaceflight like SpaceX and Richard Bransons Virgin Galactic.

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Among the attendees at the chambers space discussion on Tuesday, which was set to focus on how the sector is evolving and ways to capitalize on emerging opportunities, were executives from Boeing, NASA and Northrop Grumman.

But companies from Blue Origin spearheaded by Amazon CEO Jeff Bezos to Elon Musks SpaceX are all hoping to profit from growth in the lucrative market, competing with the likes of established names from Boeing to Lockheed Martin and Northrop Grumman.

OSullivan noted that the entrance of private competitors, like SpaceX and Blue Origin, into the space market has reduced costs and led to an explosion of satellite launches into space. Considering space is a finite resource, there are concerns that companies could end up running out of space, in space.

SpaceX has plans to launch up to 30,000 broadband satellites into space, with another launch scheduled for Wednesday. Amazon has its own plans to launch a massive constellation for broadband connectivity.

Bezos has said he wants to build infrastructure that allows people to live in space. Elon Musk has talked about colonizing Mars.

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Space race: The next trillion-dollar economy? - Fox Business

Be industry 4.0-ready! – Study International News

Only 25 countries are ready for the future being driven by the Fourth Industrial Revolution. Defined as the blurring of boundaries between the physical, digital and biological worlds, Industry 4.0 has fundamentally transformed the way we live, work and relate to each other.

To benefit from the coming opportunities this will bring, countries need a robust baseline of production, as well as key enablers to transform their production and values creation systems across sectors. According to the World Economic Forum, the leading countries on these fronts include the wealthy and the technologically-advanced, such as the US, UK, Canada, Denmark, China, South Korea and so forth.

Within this list also lies an obvious Southeast Asian tiger economy: Singapore. Whilst Singapore may be a small nation, it has large aspirations for the future of production and services, as well as the corresponding opportunities and challenges that come with Industry 4.0.

A driver of this can be found at 10 Kent Ridge Crescent, Singapore. The National University of Singapore (NUS) is where discerning lifelong learners are nurtured to lead the worlds next developmental chapter.

With the looming climate crisis, new consumer demands and declining natural resources, production sectors are positioned directly at the nexus of economic impact and resource usage, as described by the World Economic Forum. The need for leaders who can steer countries and corporations transformation, capitalise on the changing nature of production and collaborate across public and private sectors has never been greater.

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NUS Master of Science in Industry 4.0 is the exemplary postgraduate degree to give you the technological skills, leadership knowledge and more. Specially developed to support Singapores Smart Nation drive, this is a degree that will help you keep pace with the changing nature of industries amid technological disruption, and lead transformation to enhance productivity and new values creation in the workplace.

Raymond Chee is a student in the programmes inaugural class. He plans to keep his company competitive with the help of things learnt in his Masters.

The Executive Director of Sealed Air Singapore the company that invented bubble-wrap wants to better comprehend the technical landscape of his company.

I want to understand what more I can do for our customers, said Chee.

I dabble in automation and I feel there is a lot more potential to what we can do, like enhancing current solutions by better understanding data and how we can integrate them into our work today.

With its world-class curriculum and location in one of the worlds most technologically-advanced countries, Raymond can count on achieving this target, as well as gaining an edge for his company in what the World Economic Forum is describing as an epoch that will be unlike anything humankind has experienced before.

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NUS is consistently ranked among the worlds top 30 universities and Asias top two universities. It takes top spot in Asia and 11th worldwide in the most recent Quacquarelli Symonds (QS) World University Rankings. Times Higher Education ranks NUS second in Asia and 25th worldwide. What all this translates to is global affirmation and testament to the outstanding work conducted by NUS faculty and staff in research and education.

Consider too the curriculum for this Masters; as an interdisciplinary graduate degree, it taps into the expertise of five NUS academic units in areas pertinent to Industry 4.0: NUS Faculty of Engineering, NUS Faculty of Science, NUS Institute of Systems Science, NUS School of Computing and NUS School of Continuing and Lifelong Education (NUS SCALE). Its designed in accordance with the Singapore Economic Development Boards (EDB) Singapore Smart Industry Readiness Index to further aid companies in transforming their capabilities through human capital, supporting Singapores efforts to become a Smart Nation.

For this Masters, administered by NUS SCALE, students undertake four core modules unique to the programme, including Introduction to Industry 4.0 and Applications; Data Analytics for Sense-making; Digital Physical Integration in Industry 4.0; and Digital Infrastructure and Transformation Systems.

The 12-18-month-long programme (or 18-36 months for part-time students) culminates in a final-year Industry Application Project, supervised by relevant NUS academic units. For this capstone project, students work in teams to develop a prototype solution based on a company project, crafting a report about it and presenting it for evaluation at the end of the module.

The Masters has also been designed to ensure that learning includes both classroom sessions and real-world applications. Pre-class readings, assignments, tests and/or projects, and face-to-face classes are combined with efforts to find real solutions for actual workplaces. This makes for effective and authentic learning to help students acquire the skills every learner needs today, i.e. the ability to apply their newly gained knowledge in future endeavours.

This would bode well for grand ambitions, like one envisioned by Ghaddah Kamal from Saudi Arabia. A student in the inaugural intake of the programme, she is planning to use her MSc to land a place in the Gulf States Saudi Vision 2030 transformative roadmap, a blueprint to reduce Saudi Arabias dependence on oil and diversify its economy.

As Ghaddah says, In this course, Ill be able to come into close contact with new technologies and grasp new concepts stemming from the latest industrial revolution.

Application for the NUS Masters of Science in Industry 4.0 August 2020 intake is now open. More information can be found here.

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Be industry 4.0-ready! - Study International News

Most Black Friday purchases soon end up as waste – University of Leeds

The retail bonanza set to begin today, Black Friday, is expected to see more than half of shoppers buying electronic goods and almost a third purchasing clothes.

But a new report says that up to 80 per cent of items and any plastic packaging they are wrapped in will end up either in landfill, incineration or at best low quality recycling, often after a very short life.

Most of the resources they are made from will only get one use before being wasted.

A new report, Building a Circular Economy, was produced by charity and independent think tank Green Alliance as part of a partnership with the Resource Recovery from Waste programme, based at Leeds School of Civil Engineering.

The report, based on research by Professor Phil Purnell, Professor of Materials and Structures, and Research Impact Fellow in Circular Economy Dr Anne Velenturf, finds:

A circular economic system where long-lasting repairable products are the norm and resources are maintained, reused or recycled back into high quality uses is the way to avoid such unnecessary waste.

It would also avoid the environmental damage caused by such resource wastage, from initial raw material extraction to end-of-life problems such as marine plastic pollution.

The countrys current system is not set up to be circular, despite recent promises in the governments resources and waste strategy to preserve our stock of material resources by minimising waste, promoting resource efficiency and moving towards a circular economy.

A circular system would involve better design, logistics and infrastructure for repair and reuse, a National Materials Datahub to map resource stocks and flows, and business models to help reduce unnecessary consumption.

Libby Peake, senior policy adviser on resources at Green Alliance, said: Black Fridays could look very different in the future.

They wouldnt need to be followed by buyers remorse shortly after as low quality products are ditched. The next government needs to kick-start a resource revolution and change the system, starting with the infrastructure that enables a circular economy to thrive.

Its not just good for the environment. People want high quality, long lasting, repairable goods.

Professor Purnell, who convenes the Resource Recovery from Waste programme, added: Theres plenty of support for the idea of a circular economy, including from government departments and big high street names such as Apple and IKEA.

However, by failing to invest in the right infrastructure that supports reduced resource use, we are perpetuating the linear economy. We urgently need to change focus.

A high value circular economy could generate billions of pounds for the economy, deliver half a million clean green jobs, and be a huge opportunity to reduce carbon emissions.

Further information

For interviews, contact pressoffice@leeds.ac.uk or +44(0)113 343 4031.

Resource Recovery from Waste is a collaborative research programme engaging academia, industry, government and the general public to develop knowledge and tools to reduce pressure on natural resources and create value from wastes. It has delivered environmental science that has supported radical change in waste and resource management. https://rrfw.org.uk

Green Alliance is a charity and independent think tank, focused on ambitious leadership for the environment. With a track record of 40 years, Green Alliance has worked with the most influential leaders from the NGO, business, academic and political communities. Our work generates new thinking and dialogue, and has increased political action and support for environmental solutions in the UK.www.green-alliance.org.uk

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Most Black Friday purchases soon end up as waste - University of Leeds

Report from Exxon Mobil-owned firm in 1991 shows the cost of curbing CO2 – The Japan Times

NEW YORK Back in 1991, when climate policy was in its infancy, an Exxon subsidiary came to a startling and prescient conclusion about how to curb carbon-dioxide emissions that cause global warming: It would require a heavy price on carbon dioxide pollution before the companies creating emissions would change, the researchers concluded, at a level far higher than almost any in use today.

Calgary-based Imperial Oil Ltd., which has ties to Exxon Mobils predecessors going back to the end of the 19th century, hired an outside research firm to look at how environmental taxes might affect both carbon dioxide pollution and the Canadian economy. Cutting emissions would only be possible with a price per ton of about 55 Canadian dollars, or roughly C$95 ($72) in todays money, and, the researchers argued, the economic impacts would be vast.

At the time there was no price on carbon dioxide pollution and that remains true in most of the world today, nearly three decades later. Theres now a patchwork of pricing mechanisms, including carbon dioxide-emission trading systems in Europe, California and a group of states in the northeastern U.S., as well as current or planned carbon taxes in Mexico, Japan, Argentina and Canada. The top price put on carbon dioxide so far? $120 per ton in Sweden.

The world is nowhere near the price that researchers determined in 1991 would be sufficient to cause a decline in emissions. The average global carbon price including $0 for every nation without one is $2.48 per ton of carbon dioxide, according to Michael Greenstone, a University of Chicago economist who helped develop the Obama administrations carbon-pricing policy.

Imperials analysis left no traces in the public sphere at the time, and the company declined to comment. Exxon Mobil Corp., which owns 70 percent of Imperial, lays out its policy positions in an Energy and Carbon Summary. The company says it has supported economy-wide carbon pricing for a decade and, in general favors market-based policies that offer predictability, simplicity, transparency and flexibility.

The long-ago research into carbon prices and other Imperial Oil reports were included in a tranche of Exxon documents housed in a public archive and published on Tuesday by two nonprofit groups: Desmog, a Seattle group that researches oil industry communications about climate change, and the Climate Investigations Center, which monitors what it describes as industry efforts to delay climate-safe energy policies.

This arcane corner of Exxon Mobils corporate history joins a growing library of material used in anti-fossil fuel advocacy campaigns and lawsuits against oil majors claiming they knew about and ignored the risks of global warming. This latest document dump comes as more than 15,000 officials from 200 countries have descended on Madrid, where theyll try to hammer out how to build carbon markets and compensate poor countries for the effects of warming.

The 1991 report shows that a reasonable economics firm, looking at plausible taxes at that time, finds that none of them really moved the needle on Canadas emissions, except for a high tax, said Kert Davies, founder and director of Climate Investigations Center. And thats pretty remarkable.

Gernot Wagner, an economist at New York University, has been working for years on determining just how much it should cost polluters to emit carbon dioxide. A paper he co-authored in October argued that the cost to society of every ton of emitted carbon dioxide should be much higher than is currently believed and even higher than the price put forward by researchers working for Imperial in 1991. As emissions gradually fall, his argument goes, climate risk declines with it, and so the price of pollution should drop over time, too.

Could oil company-backed research showing that a high carbon price was necessary to halt emissions have changed the way these policies developed? Its a matter of alternative history, Wagner said.

Instead, debates have been driven by what resource economists call the optimal price, which in 1991 was at most a fifth of the Imperial figure. The low estimates that began appearing in the 1990s set up similarly low expectations for what emitting a ton of carbon dioxide should cost, Wagner said. A higher price, especially coming from an oil company, might have shifted political conversations.

The economic consequences of carbon prices were clear in the 1991 report by Imperials consultants, which framed the C$55 price on carbon dioxide as an extremely harsh repressive policy that would leave Canadians with fewer homes, cars, factories, office buildings and electric power plants and personal income [that] is over 7 percent lower in real terms by 2005.

Of course, fewer people in 1991 were sure about what was coming, and it seemed like there was plenty of time for technocratic tinkering. It wasnt until 1995 that the international scientific community confidently identified a discernible human influence on the global climate.

Today, its clear that global heating can wreck economies too. Scientists are now calling for the end of greenhouse-gas pollution by 2050. A U.N. report published last week said 2018 emission levels need to be halved by 2030 to have a chance of staying below goals specified in the Paris Agreement. In August, economists found that climate change itself will bring major hits to gross domestic product more than 7 percent by 2100.

An internal Imperial environmental policy review, also included in the documents released Tuesday, suggests that climate change was understood as a serious matter by the late 1970s. To put that date in context, the U.N.-backed Intergovernmental Panel on Climate Change didnt issue its first landmark report until 1990, and the treaty governing the ongoing international climate negotiations wasnt signed until 1992.

There is no doubt that increases in fossil fuel usage and decreases in forest cover are aggravating the potential problem of increased CO2 in the atmosphere, Imperial Oil analysts wrote in a 1980 internal report. Technology exists to remove CO2 from waste gas plumes but removal of only 50 percent of the CO2 would double the cost of power generation.

Little has changed in the nearly 40 years since those words were written. There is still no doubt that fossil fuels produce carbon dioxide, and technology to remove emissions is still wildly expensive.

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Report from Exxon Mobil-owned firm in 1991 shows the cost of curbing CO2 - The Japan Times

London audience hears why Canadian LNG is the ‘coolest’ | Oil & Gas – JWN

LNG from Canada has some important operational-cost and carbon-intensity advantages over LNG from many other parts of the natural gas-producing world, including the simple fact that Canada is cold.

You can see Canadian temperatures are, obviously, on average lower than those on the Gulf Coast and those in several parts of Australia and certainly those in Africa, where we have emerging projects going forward, and also in Qatar, said Ryan Pereira, global director of oil and gas at Gaffney, Cline & Associates. This leads to substantial operational cost savings in the running of the plants going forward.

Further, he told a recent event in London, U.K. (hosted on behalf of the Alberta government) to discuss the scope of Canadian LNG growth, the sort of innovation, technology and forward thinking about the energy transition that makes LNG both ecological and economical is being massively embraced in Canada, which bodes well for projects.

Its pleasing to see that Canadian proponents today are leading the way in terms of carbon intensity of liquefaction facilities, setting examples, Pereira said, adding LNG is poised to play an important role in the global transition to less carbon-intensive forms of energy. The reason for this are the four Es you hear an awful lot about in Canada, and we hear an awful lot about in this part of the world energy, environment, the economy, and finally, electrification.

Canada's Green LNG Advantage: New report outlines low-emissions opportunities

However, during the event, which was hosted by JWN parent company Glacier Media and the Canadian Society for Unconventional Resources, Shawn Tupper, associate deputy minister, Natural Resources Canada, said Canadas interest in LNG is not about de-carbonization or a kind of runaway from carbon-based fuels, but rather defining how the countrys energy mix will exist in the future (and the roles LNG and other products plays in that).

Our fundamentals are about making sure we have a clear path forward, and that investors see that path forward in terms of how that energy mix evolves.

Likewise, Bill Whitelaw, chief executive officer of JWN Energy, said that LNG is just a proxy for an energy renaissance in the Canadian natural gas sector. Alberta in particular has a different set of interests from a lot of the other natural gas producers, because we have a full value-chain set of opportunities along how all those molecules can work on the behalf of all Canadians.

Meanwhile, Sandy MacMullin, executive director of petroleum resources for Government of Nova Scotia, noted the distance advantage of potential East Coast Canadian LNG terminals when it comes to reaching European markets. He said: A lot of people dont realize that the sailing distance from Halifax to London is less than half the distance from Houston to London. Thats an advantage.

For Nova Scotia, LNG is important because it could potentially offer international markets for the provinces offshore natural gas reserves, noted MacMullin.

We have a lot of natural gas potential in our offshore, but right now the oil and gas companies are not looking for offshore gas, he said, adding if an LNG industry could take hold in Atlantic Canada, then Newfoundland and Labrador could also add its 12 tcf of discovered gas in need of market. Those could ultimately augment the supply of natural gas coming out of Eastern Canada for LNG markets, and so theres lots of optionality there thats evolving.

According to MacMillan, there are two proposed LNG projects for Nova Scotia. His province is working with Pieridae Energy Limited, Goldboro LNGs proponent, to appropriately set a carbon price. He noted that another East Coast LNG challenge is environmental opposition. One of the main things weve [got] to worry about and concern ourselves about is that we do have single-issue interest groups out there that arent fans of fossil fuel development.

Bill Breckenridge, assistant deputy minister, energy and mines, Government of New Brunswick, said while his province does not export LNG, it does import it, and has done so safely for a decade a time when natural resource projects have faced intense public scrutiny and increasing criticism. Weve had 10 years of LNG tankers coming into New Brunswick with no problems and no challenges.

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London audience hears why Canadian LNG is the 'coolest' | Oil & Gas - JWN

Futureproof your career in Business Analytics – Study International News

The field of data analytics is an essential component of successful businesses, allowing companies to make smarter, smoother and more strategic business decisions.

In a world where data has been hyped by some as the new oil, experts and analysts are in increasingly high demand. There is an urgent need for people with the skills to interpret and explain robust datasets, allowing businesses to take advantage of the abundance of readily available data.

The field of business analytics is experiencing a significant boom, with companies across the globe requiring analysts with both business acumen and the ability to analyse data in a business context.

Business analysts and project managers are becoming increasingly valuable within organisations, and the current lack of experts means that analytics graduates can expect to earn exceptional salaries. Indeed reports that the average annual salary for data scientists is AUD$114,824 (US$78,126), while business analysts earn AUD$100,343 (US$68,270).

According to BATimes, Organisations are now dependent on business analysts and project managers to guide them through this digital disruption and advise on best practice and emerging technologies.

Predictive technologies such as machine learning, artificial intelligence and The Internet of Things can now provide industry trends and data patterns that have the power to significantly impact a business and its operations.

At the University of Western Australias (UWA) Business School, one of Australias top-ranked business schools, students receive an exceptional and relevant education in data analytics through the Master of Business Analytics program.

Graduates secure diverse roles, becoming analysts in data, business, market economy, finance, human resources, and business intelligence.

Source: The University of Western Australia, Business School

Industry insights and high-tech facilities

Students at the UWA Business School are taught by eminent researchers who guide them in gaining the skills required to operate in the world of business from an understanding of the economy and the government, to the workings of management structures, leadership, and accounting and financial.

Our academic staff bring a wealth of experience and knowledge to their teaching, says Dr Andrew Williams, Director of Education at UWA Business School and course coordinator.

They are all experts in data analytics within their specific discipline, so you can be certain youre being taught by leaders in the field.

Students learn in an engaging environment, with state-of-the-art facilities such as the purpose-built Business School building overlooking the Swan River, and the international award-winning Financial Markets Trading Room, a stock exchange simulator that channels information in real-time from major stock exchanges around the world.

The vibrant UWA community helps students forge lifelong connections through a wide range of clubs and societies, strong alumni engagement, and regular networking opportunities. Students also have access to industry professionals through the Business Schools network of over 30 industry and corporate supporters including EY, Woodside, KPMG, BHP Billiton, and Chevron.

UWA Business School courses are designed in consultation with a board of industry leaders who ensure content remains current and industry-relevant. This industry insight ensures students are prepared for their chosen career when entering the workforce, honing the skills employers are looking for.

Source: The University of Western Australia, Business School

Dynamic education in Business Analytics

In the new Master of Business Analytics program, students learn how to understand and integrate large and complex datasets, transforming data into meaningful insights and actions critical for business success.

There is also the chance to collaborate with other technical experts in computer science, break down data and presenting it in a business context to key decision-makers.

Dr Williams explained that the driving force behind this program was the massive increase in data quantities and its availability over the past few years. A modern business school graduate needs to have the skills and knowledge to take advantage of this data, both in terms of being able to collect and collate data crucial for an organisation, but also to analyse and explain how this data can be used to benefit that organisation.

Students learn key skills in modules such as the Fundamentals of Business Analytics, ensuring they establish a solid foundation in the discipline. The Data Storytelling module allows students to develop key communication skills needed to explain data analysis to a wider audience, while the Human Resource Analytics module is a specific example of how data analytics can benefit HR functions in business.

Theres also Big Data in Marketing, which teaches students how to collect and analyse large datasets to help an organisation use evidence-based information.

Towards the end of the degree, students also get practical experience through a substantial Industry Group Project. Using the skills developed throughout the course, students undertake a project in collaboration with an organisation, solving real-world problems, says Dr Williams.

The program has been designed with students in mind, so they can tailor it according to their goals. Dr Williams explains, The units you will take will depend on any previous skills you might have developed during your undergraduate degree. For example, a student with a background in business or commerce might take more specific data analytics courses, while those with a data science background can take courses to develop their understanding of business.

This is then combined with units that specifically bring these two skillsets together. But whatever your background, the key focus is always on applying data analytics to a broad range of business-related problems. In that sense, its a very hands-on, practical course.

Eager to find your place in an emerging field with endless opportunities? At the UWA Business School, youll gain the skills, experience and connections to prepare you for a dynamic career in business analytics. Apply now.

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Time to change aid to give people sovereignty over their food – Open Democracy

The world already produces enough food to feed 10 billion people, which is far more than our current population of 7.7 billion.

So why, half a century since the right to food was recognised as a basic human right by the UN, do nearly a billion people across the world go hungry at the same time as huge proportions of food are routinely wasted?

A root cause of this situation is that our food production system is controlled by a small handful of globally dominant companies - and the solution must involve changing this.

Between 75% and 90% of the global grain trade is now controlled by four companies, and only 10 companies own every large food brand and beverage in the world.

This concentration of the food system into a few corporate hands is the consequence of years of deliberate government policy that continues today. This is evident in the British governments approach to smallholder farming in the Global South. DFIDs agricultural strategy sees the continued existence of small-scale farmers as outdated work, and that food should instead be produced for international markets by a small number of intensive farms that employ fewer people, often bound into contracts for seeds and fertilisers with global food giants. This approach has devastating consequences for peoples ability to access land, water and resources needed to produce food.

The Department of International Developments (DFID) mantra of step up, step out, hang in is shorthand for its policy of spending aid to replace smallholder farmers with industrial agriculture. It dictates that small-holder farmers should either step-up to industrial-scale agriculture, step-out of agriculture altogether or merely hang-in as a temporary measure.

This is wrongheaded. Small-scale farming, which feeds 70% of the worlds population, is as efficient as it is ancient. It uses less carbon and water to produce food and has evolved practices to conserve seeds and soil year in, year out. By contrast, large scale, corporate-run farming is far more inefficient in its resource use, its intensive methods worsen the climate crisis while degrading the soil, often blighting entire landscapes and displacing communities by clearing massive areas for monocultures.

Technology of course plays a vital role in limiting the drudgery of farming, and will play an important part in feeding the worlds growing population, but it should not be simply used to scale-up unsustainable intensive farming.

Crucially, the commercialisation of farming has opened the door, often through binding trade agreements, to international corporations exclusively owning and providing seeds and fertilisers - and, shockingly, in some cases even allowing companies to own patents on plants and animals.

The G7s New Alliance project - which was launched in 2012 and has since been dropped - used British aid to incentivise 10 African countries to produce tobacco, palm oil and biofuels for export to international markets. The scheme, which was supposed to be about improving food security and nutrition, instead effectively supported huge global companies including Monsanto, Cargill and Unilever to increase their control of the worlds seeds and food. It was rightly criticised by the aid watchdog as being little more than a means of promotion for the companies involved and a chance to increase their influence in policy debates.

DFIDs more recent approach to tackling global hunger comes via its support to the Nutrition for Growth programme, a scheme which aims to end childhood malnutrition. It proposes to do this by mobilising 7 billion annually from donors worldwide.

Yet the scheme overlooks the role of food producers and pays no attention to the underlying problems in the food system that results in hunger levels increasing year-on-year at a time when the world produces more food than ever: it fails to address the root causes of the problem we must solve.

Tellingly, the scheme focuses heavily on the economic rationale for ending hunger, encouraging donors to invest because for every $1 spent by donors on basic nutrition programs, $16 is returned to the local economy. Prioritising the economic returns of feeding a hungry child undermines the hard fought for rights-based approach to development. Every parent should have the right to feed their child nutritious food as an end in itself, not a means to achieve economic goals.

A Labour government will ensure that DFID upholds the human right to food, and in doing so will go much further than endorsing food security - which speaks the limited market language of access and availability - and instead embrace the principle of food sovereignty in our international development work. Only by doing this will we be able to achieve the UNs sustainable development goal of zero hunger by 2030.

Food security is the principle that has guided how billions of pounds of British aid has been spent on food and agricultural projects across the world for decades. It is one of the reasons why droughts no longer inexorably lead to famines.

But although food security has been important in keeping people alive, its narrow focus on getting calories to people has created new problems that threaten us all.

Under this rubric, the government has used UK aid and trade to push policies that outsource feeding the poorest people in the world to corporations at the expense of peoples sovereignty over their land and water, the efficiency of the system itself and our fight against the climate crisis. In a world where agriculture is under strain from global warming and rising populations, it is a shameful abdication of responsibility to hand power of the worlds food system to a small number of multinational corporations.

Farmers, communities and nation states should control the food they produce and consume. This is what underpins the principle of food sovereignty and is what the global network of small-scale farmers, La Via Campesina, has long called for.

That is why Labour will establish an aid-funded Food Sovereignty Fund that will support small-scale farmers in the Global South to gain access to land, seeds and finance, as well as support sustainable local food and agriculture markets.

If we are to tackle the challenge of growing global hunger while also addressing the impact that agriculture has on climate change then we need a transformative approach to the worlds food system. We urgently need to create real change to deliver the most basic of rights so that people have the food they need.

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Time to change aid to give people sovereignty over their food - Open Democracy

Column: Wolverine tracking and the tale of Terrible Ted – Salmon Arm Observer

Environmental writer and Vancouver Sun columnist Larry Pynns book, Last Stands, takes a reader on a journey through the great rain forest to Californias red woods, to wolverines of the Columbia Mountains north of Revelstoke.

There, he travels with a biologist in charge of a research project to determine how wolverines are thriving, in a resource-based economy of logging, road building and shrinking environment.

It was estimated 25 of the animals live and roam in a 500-square kilometer range. Funding for the project came from the Columbia Basin wildlife compensation program.

Wolverines prefer wilderness habitats, away from humans, but have been known to cross highways or scavenge road-killed animals.

By 1998, 39 wolverines had been live trapped and collared to track their movements. To capture the animals, a coffin-size live trap is constructed of available material and bait was road-killed deer,elk, etc., with a beaver carcass for smell. When the wolverine tugs at the bait, a heavy log roof falls down and trips a magnetized transmitter beacon, alerting biologists to the capture. Immediately they travel to the area by helicopter or snowmobile, then the animal is tranquilized,weighed and tagged on both ears, and fitted with a radio collar.

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The collars will rot off in two years. Its not unusual for wolverines to travel 20 to 40 kilometres a day in search of food.

Terrible Ted, so named by the biologist who trapped and collared him, had quite a tale to tell. Seems, a blood splotch in the snow alerted the collaring team as they flew over to have the pilot of the helicopter land nearby. A bull caribou lay in the snow in balsam spruce. It payed no attention to Ted as he shuffled toward it. Ted then jumped onto its neck and, with grinding force, began to gnaw. The bull rose and stumbled through thick foliage, but Ted hung on, finally bringing the caribou down. He then began to tear away at the bull, pulling it apart, burying chunks in the deep snow. This was a first for the biologists, knowing the strength and power of the wolverine.

Ted had given the team a frightful fuss when trapped once before. The caribou, when examined, had a broken shoulder blade and damaged vertebrae, possibly from a grizzly or cougar attack the year before. It could have taken hours or a day or so, but the wolverine clung on, chewing and gnawing until the bull went down.

On other outdoor news: Many hunters report seeing few deer or moose in their quest to harvest game for the freezer. A number of factors remain: high predator numbers; wolf packs in several valleys; extended clear cut logging, even into prime winter habitats for both species; the large number of hunters travelling the bush in search of game. On a bright note, late fall fishing has been excellent on local Skimikin, Hidden and Gardom lakes, and goose hunters are finding lots of birds to harvest.

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Column: Wolverine tracking and the tale of Terrible Ted - Salmon Arm Observer