Indovation: Innovation from India
"Navi Radjou, Executive Director of the Centre for Indian and Global Business at the University of Cambridge... is credited with creating the term 'indovation,' which is an innovation developed in India. What makes indovation unique, however, is not just its geographic identity, but that scale and scope are inherent components of the concept. The point is to create more at less cost for more people. A fine example of indovation is the Tata Nano, a low-cost car built by the Indian company Tata Motors. It is currently the cheapest car in the world with a sticker price of US $2000.
Sources:Intellecap Dec. 2010 pgs. 7-8:
For more information of the downside to increased productivity:
William Greider, One World Ready or Not
Public-Private Partnership For 24/7 Water Supply Deemed Successful
India has seen recent success from public-private partnerships (PPPs) to help provide constant water supply in 2 cities.
Sources:Intellecap Dec. 2010 pgs 1-3:
Bangladesh fighting wage arbitrage
"The 29th of July 2010 was an important day for roughly 3.5 million Bangladeshis. The Bangladesh Wage Board, after a series of protests from workers in the growing garment sector, agreed to double the minimum wage. Workers who were earning a monthly TK1,662.50(US$24) will now be earning TK3,000 a month.
"The TK3,000 promise is still far from the TK5,000 per month they've demanded, and is only a one-time increase rather than an annual reassessment... It seems violence in the city has actually increased, with workers smashing cars and blocking roads in response to the announcement.
Sources:Searchlight South Asia by Intellecap; pgs. 1 and 2
William Greider's One World Ready or Not: the manic logic of global capitalism