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...same time, foreign retail chains such as Wal-Mart and Carrefour are pressing to enter the market through joint ventures and by lobbying the government to change protectionist laws so they can set up wholly owned chains. The opportunities are immense. The McKinsey Global Institute, a think tank, estimates India's retail market will be worth $1.52 trillion by 2025, up from $370 billion in 2005. Though the relative importance of comestibles will shrink as people earn more disposable income, McKinsey estimates the food-and-beverage category will still account for 25% of all retail spending in 20 years...

Author: /time Magazine | Title: Food Fight | 5/31/2007 | See Source »

...them to sell through licensed middlemen, called mandis. The law, which also aimed to give farmers a fair and consistent price, "was initially done with a good purpose," says Arpita Mukherjee, a senior fellow at the Indian Council for Research on International Economic Relations, a New Delhi-based think tank. But over the years it grew into a monster, gaining layer upon layer of intermediaries, none of whom added any value to the fruits and vegetables they traded even as they added on their own margins. The result: a grossly inefficient system in which farmers are divorced from market feedback...

Author: /time Magazine | Title: Food Fight | 5/31/2007 | See Source »

...from a Western perspective at least-threatening. Malay shopkeepers call children baby-jaan, or "life," and press free candy into their palms. Indian bus drivers clamber out to lift young kids into their vehicles. Wizened Chinese waiters break out into smiles and escort crying toddlers toward the live-seafood tank so that the parents can eat in peace. Stern Japanese bank clerks stop all work to gather and coo over a baby...

Author: /time Magazine | Title: The Parent Trap | 5/31/2007 | See Source »

...National Intelligence Council, a U.S.-government think tank, predicts that the Gulf of Guinea will supply 20-25% of total U.S. imports by 2020, but Americans are not alone in their mounting dependence upon West Africa. Angola is now China's top oil supplier. Gabon is a key supplier of France. Oilmen from countries as diverse as Russia, Japan and India are showing up in places like Equatorial Guinea, Cameroon, Chad - even perennial war zones like the Democratic Republic of Congo. With all that interest, Paul Lubeck, Michael Watts and Ronnie Lipshutz of the Center for International Policy...

Author: /time Magazine | Title: Africa's Oil Dreams | 5/31/2007 | See Source »

...invited guests have been strident critics of Iran and hard-liners on maintaining the U.S. presence in Iraq. They include six current Bush Administration officials - among them U.S. Ambassador to the United Nations Zalmay Khalilzad and his wife, Undersecretary of State Paula Dobriansky - as well as think-tank academics, conservative opinion columnists and Uri Lubrani, the top adviser on Iran to Israel's Prime Minister Ehud Olmert. Though it is not clear how many will actually attend the conference, a spokesman for the organizers, the Washington-based Foundation for Defense of Democracies, said the meeting was intended "to bring together...

Author: /time Magazine | Title: Talking to Iran — or Talking War? | 5/25/2007 | See Source »

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