I had been quite upset over the completely politically motivated Oscar award for the Best Picture to a rank ordinary, non thrilling, slow paced, average film called Argo, specially in the year when Lincoln was released, and Django Unchained – with its heart in a similar place and with film making par excellence – was released! So when a friend of mine suggested to me that we watch a slightly older film called Charlie Wilson’s War, saying that it was based on a true CIA operations story, I was least interested. I thought that it was one of those films that had been again made to lobby for American ‘heroism’ at the cost of putting another nation down. I couldn’t have been wronger. After seeing the movie, I wondered how I had missed this gem when it was released! Never too late I guess.

Charlie Wilson was an American Congressman (elected 11 times from Texas to the US House of Representatives, from 1972 till 1996) who became the first civilian to be decorated with the Honored Colleague Award by the CIA. He had achieved no less a feat. Almost single-handedly, this man could be credited with bringing an end to the Cold War era and the breaking down of erstwhile USSR (Yes, he was also unabashedly a party loving, womanising Congressman – but he made no bones about it or about hiding the fact).

The film is about how, in less than a decade – starting early 80s when USSR invaded Afghanistan brutally – Charlie Wilson influenced the CIA budget for covert operations in Pakistan and Afghanistan to support the Mujahideen forces and increased the same from a mere 5 million dollars to 10 million dollars initially, and then subsequently to 20, then to 40, then 100, then again to 250, to 500 and finally to a billion dollars! And that, mind you, is what they officially accepted! And all this money was to be used to paradrop high end arms to the common men and boys of Afghanistan so that they could fight the mighty USSR and defeat them! And they did! By firing down hundreds of Russian fighter jets and blowing off almost as many Russian tanks with handheld bombers and high-end guns! Of course, the rest, as they say, is history! The mighty USSR conceded defeat and pulled out of Afghanistan, the Berlin wall came down and USSR broke down! Read More....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
------------------------------------------------------------------------
 
 
Today, India is at a critical juncture with all socio-economic as well as political ills engulfing the nation from almost all possible directions. Starting from a series of bribery scams that are being exposed, to our plummeting ranks in almost all economic indicators – everything corroborates the hope for the rise of a fourth front (considering the third front still exists and is potent) in the form of Arvind Kejriwal’s political debut with India Against Corruption, along with an emerging coterie of social activists, who are gradually morphing the political landscape and are all collectively reshaping the political couture of the nation.
Without even an iota of apprehension, Kejriwal has been able to create a wave of passion and excitement among common Indians for a probable better political future. Through his campaign against political parties and leaders, he has been instrumental in giving a vent to the pent up anger of the public against the corrupt, inefficient and slothful political outfits. However, the top brass of such parties can get their feet wet and get away with it, because even today, there is a dearth of intra-party democracy in almost all political parties in India. This very opacity guards the elite big bosses of the parties, who thus can never be replaced from their esteemed chairs, which eventually provides an incubation environment to corruption, favouritism and intra-party dictatorship. The most potent example of such perceived bravado is the Indian National Congress’s obsession with the Nehru-Gandhi family, whose grip on the party is absolute. Therefore, despite the Congress party and their allies getting embroiled in one expose’ after another involving multibillion bucks, no eyebrows are raised and no fingers are pointed against its leadership from within. None of the Congress members have ever demanded explanations or enquires for the series of scams. The same is true for almost all political parties, except a few... in fact, except too few – which again is a temporary phenomenon. The dictatorial and dynastic rule of political parties is endemic to India; it is just the baton that gets passed from generation to generation.
The root cause for such a contest of attrition of democracy is that our Constitution does not enforce a structure for inner-party democracy and does not account for the fact that the electorate should have the right to choose the leader of every political party. This very loophole of our Constitution is undermined and exploited by almost every political party, who treat their fiefdom as a new business venture to stash up piles of cash and benefit their personal interest. Consequently, the recruitment and development of party members are not based on competencies but rather on loyalty and lobbying. Read more....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
------------------------------------------------------------------------
 
 
Continuing my American series from my previous editorial, I must admit that my American tour didn’t start so well. On my flight to the US, I saw three films which symbolized the epitome of boredom of made-only-for-Oscars and Oscars nominated stuff! First, I saw The Iron Lady; then I saw another forgettable movie whose name also I have thankfully forgotten; and finally I saw the movie J Edgar – each outdoing the other in trying to be slow, boring and almost meaningless. But then, when you want to win at the Oscars, a boring biopic is often the best way! Nevertheless, in the most boring J Edgar, what struck me was the fact that perhaps the biggest achievement of the iconic Hoover, the man behind American intelligence, was his investigation of a case of kidnapping of a little boy called Charles Lindbergh. The film and the American society, way back then in 1932, made such a huge issue around the kidnapping and disappearance of a kid – so much so that a famous newspaper writer called the kidnapping and its trial thereafter “the biggest story since resurrection”. The whole incident led to landmark acts and laws being passed, making transporting a kidnapping victim across state lines a federal crime. The accused was given the electric chair after being caught a couple of years later. But Hoover had used that particular kidnapping as a tool to lobby for a centralized record-keeping system leading to the fingerprint mapping of every citizen and the beginning of the world’s most efficient intelligence body – the Federal Bureau of Investigation; FBI.

Upon landing and reaching the hotel, even as my thoughts on the importance given by the American society to a single case of kidnapping had barely subsided, I read in the papers about the story of a 1979 kidnapping... that of a child called Etan Patz. What amazed me was that though the boy was kidnapped 33 years ago at the age of 6, and declared dead in 2001 since he could never be found, the police and FBI didn’t give up on him and continued their search. And then, in April 2012, they discovered a basement under a road near the boy’s home, where a carpenter lived, who was possibly someone who had had a hand in the murder. What struck me in the story again was how the kidnapping then in 1979 had shaken up the entire America and had resulted in amazing new awareness and changes in various systems – of parenting and schooling. Earlier, schools never alerted the parents if a child didn’t show up at school; but post the Etan case, schools started doing so, in order to ensure that in case there were a similar tragedy, it wouldn’t take till the end of the day for the parents to come to know – thereby saving precious hours for search operations to begin. Ronald Reagan even declared May 25th – the day of Etan’s disappearance – as the Missing Children’s Day. More importantly, a national system was laid down to track children who disappeared. The National Centre for Missing and Exploited Children since then has tracked down more than a hundred and fifty thousand kids. And as per statistics, the rate of recovery now stands at an extraordinary 97%, up from 62% in 1990!   Read More....

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website


-----------------------------------------------------------------------------------------------------------------------------
 
 
Woodrow Wilson once said that, “A nation that is boycotted is a nation that is in sight of surrender. Apply this economic, peaceful, silent, deadly remedy and there will be no need for force. It is a terrible remedy. It does not cost a life outside the nation boycotted, but it brings a pressure upon the nation which, in my judgment, no modern nation could resist.” Rebutting the same, decades later, Omar Bongo, former President of Gabon, argued against the use sanctions, commenting, “...It is important to observe that when Europe or the United Nations impose sanctions that are supposed to be aimed against a certain regime, usually millions of people end up being directly punished.” With time, the very objective of sanctions has undergone a full transformation – today, sanctions are used mostly for strategic gains than anything else.

The United States and its allies (particularly Israel) are closing in on Iran! With a thumping majority (100-0), the US Senate last month approved sanctions prohibiting foreign financial institutions from undertaking any business with the Central Bank of Iran. After a series of sanctions that have been regularly imposed on and off, the US government’s latest sanctions against Iran (signed into law by US President Obama on December 31, 2011, as a part of the act titled H.R. 1540, the “National Defense Authorization Act for Fiscal Year 2012”) are clearly the strictest ever. In his official statement on H.R. 1540, available at the White House website, Obama uses the word ‘military’ 14 times, with ‘defense’ being used only 9 times – this makes the aim of the law very evident! For records, more than 15 sanctions have been imposed on Iran till date!

Post the latest set of sanctions, the Iranian national currency – Rial – immediately lost its value by almost 15-20 per cent and is currently being exchanged at its lowest-ever rate of around 17,000-17,500 Rials to a dollar. The sanctions curtail other countries too from buying Iranian crude oil. The US through the latest sanctions can also debar parties that are trading with the Central Bank of Iran from having correspondent banking operations in the United States.

The National Defence Authorization Act (NDAA) has been passed by President Obama with an ensured funding of $662 billion that apart from imposing sanctions on Iran will also review Iran’s military capabilities. This is of utmost importance in case US plans to wage a war against Iran in the near future! Not surprisingly, all this is amalgamated with one of NDAA’s main objectives – which is to ensure energy security of NATO.

The most audacious part of the Act is that NDAA has unilaterally slapped these sanctions in such a manner that it can impose penalties on any third party that dares to trade with the Iranian Central Bank! The official aim of this sanction, as cited by the US administration, is very basic, yet highly tactical – Iran’s revenue streams are expected to be stifled, and consequently Iran is expected to have no money to advance its nuclear program! However, such a reasoning seems silly and juvenile! How on the earth would US be able to strangle Iran from achieving its nuclear ambition when they have gloriously failed in the past to deter even poor and impoverished countries like North Korea from developing nuclear weapons, in spite of imposing several sanctions on these nations? The situation may soon boil up to a scenario that resembles the implication of Iraq in the 1990s. Failing to ruin Iraq through sanctions, US ultimately resorted to war.

As I mentioned earlier, this is not the first time that America has targeted Iran. On June 9, 2010, the Obama administration had slapped extremely hard sanctions on Iran; banning the delivery of major military equipment to Iran and prohibiting international financial and asset transactions of Iranian corporations. In fact, Iran is not the lone target of America in the region as Syria has been party to the NATO’s ire and has been facing sanctions since 1986. A month and a half ago, the European Union and United States imposed new and renewed sanctions on Syria on the ground of suppression of its rebels, but interestingly remained silent on the same kind of repression in Yemen and Bahrain!

US has always imposed sanctions and embargoes on the pretext of national security and eventually invaded the target nations after making them economically and politically weak. Iraq has been a crying example of the same. And in Iran’s case, neither has US been able to prove any negative use of the atomic and nuclear facilities that Iran possesses (the International Atomic Energy Agency has no concrete evidence against Iran), nor were they ever able to prove the presence of WMDs (Weapons of Mass Destruction) some years back in Iraq. The entire fable created around WMDs in Iraq ended with a mere apology from America’s end.

As a matter of fact, the perpetrators of 9/11 were Saudi and Pakistani nationals. Pakistan is internationally infamous for harbouring numerous terror groups and was shamefully responsible for providing sanctuary to even Osama Bin Laden. But neither Saudi Arabia nor Pakistan had to face sanctions post 9/11 like those being faced by Iran. Reason? They have been following US diktats word by word! And the lesser said about Taliban, the better for the US, as it’s quite well accepted that the Taliban has been America’s own creation.

The US trade embargo against Cuba is five decades old and was described as “ineffective and detrimental” by Obama himself in September 2010. Pakistan also did face military sanctions much before by the US (a 15 year embargo that ran from 1990 to 2005 on the sale of F-16 fighter/bomber aircraft); but that didn’t deter the country from purchasing weapons from elsewhere. In similar lines, sanctions have had results quite opposite the objectives for which they were enacted. Human rights abuse and societal demotion were strongly visible in nations like South Africa (faced sanctions between 1960s-1970s), Haiti (1990-1994), Iraq (1990-2003) and the former Yugoslavia (1992) and went against the very objective of the sanctions that aimed at protecting of human rights. The arms embargo imposed on South Africa (during the 1960s) was also found to be counter-productive. The then Pretoria regime responded to the sanctions by developing a large-scale domestic weapons industry called Armaments Corporation of South Africa (Armscor). Similarly, the sanctions on Yugoslavia didn’t prevent the Bosnian war and eventually pushed the nation into poverty and destitution.     Read More....

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

IIPM Proves Its Mettle Once Again....
Planman Technologies
IIPM Contact Info
IIPM History
IIPM Think Tank
IIPM Infrastructure
IIPM Info

IIPM: Selection Process
IIPM: Research and Publications
IIPM MBA Institute India

-----------------------------------------------------------------------------------------------------------------------------

 
 
When I went to China a decade back, what I saw hit me very hard. I felt that if all of us in Delhi were to work 24x7 for 25 years, it would still be tough to convert Delhi into Beijing. That’s the China I was expecting to see when I went there again last month. What I saw instead was an extra 25 years of growth in the last 10 years!!! If ten years back, there were gigantic roads but less cars, this time the roads were filled with American cars; brands which American companies haven’t even cared to launch in India! If the last time I saw high-rise buildings, then this time I saw ten times more of them! If the last time I was amazed with Beijing, then this time I realized that we couldn’t even become Guangzhou if we worked 24x7 for the next 50 years. I believe that every Indian politician must have a visit to China as a mandatory part of his induction process into the Parliament (especially the Communists of India who have also so shamefully cheated their respective states year after year), so that they are firstly aware of how they and their predecessors have cheated this country and secondly to know where a country can reach in no time!

They say now that the Chinese economy has caught up with the American economy. In our book The Great Indian Dream, we had written ten years back about the same concept; and today I write that the Chinese economy has left the American economy far behind. Their products are so undervalued that no kind of calculation can show the real value of their humongous economy! And come to think of it, even a few decades back, China was seen with lot of scepticism owing to their political structure and a gargantuan population which was increasing by the day! But when we look at the nation today we realize that it took China just a few years’ time to give this huge population a purchasing power and lifestyle that even many in the West are deprived of and to create an unfathomable miracle! What China did and is doing now is beyond the imagination of many nations; they created this gigantic economy by systematically planning at every micro level – and most importantly, taking its citizen along this growth path! Today, an average Chinese living in Beijing, or Shanghai is almost as well off as an average American living in New York or an average British living in London! So what exactly did China do?

Amongst a host of other things, China’s opening up of its Iron Curtain and freeing its economy from the shackles of central control in the late 1970s while still retaining its commitment to the poor literally brought about the miracle. Unlike in India, their very carefully planned liberalization allowed the nation to experience rapid strides in growth and above all lifted more than 500 million people out of poverty! Millions of peasants were granted freedom from the massive poverty by being allowed to follow their dreams. This freedom and shackle-free life led to rapid development in the� manufacturing and service sectors in the last 20 years! All this came as a celebration of new hope for Chinese masses and a new beginning of entrepreneurial freedom! The new spirit and the new mission were well supported by increasing investments in infrastructure, education and various other social sectors that symbolized the Chinese rise in world forums and made China one of the most sought-after investment destinations. The freedom from poverty in turn also helped develop the agricultural sector – as the policy of ‘farmers can make their own economic decision’ led to millions of farmers’ poverty cycle being alleviated! The rural household income doubled from 343.4 RMB ($55) in 1978 to 735.7 RMB in 2003. Between 1990 and 2005 the average per capita growth of Chinese economy was a staggering 8.7 per cent (highest among major economies)! The World Bank’s stipulated poverty line of $1 a day in Purchasing Power Parity corresponds to around 2,836 RMB per year (as per 2007 estimate)! As per this definition, China’s proportion of population below poverty line was 64 per cent in 1981; this dropped to an unbelievable 10 per cent by 2004 (India still has more than 40% of its population languishing below the poverty line as per purchasing power parity)! That’s Chinese poverty eradication – an exemplary and remarkable performance which is often quoted as a miracle – and an inspiration and case study for all developing countries across the globe.


The poverty alleviation programs undertaken by the authorities in the last three decades have contoured the modern China that is sparkling with confidence. Today, every Chinese is free to travel to any city to try and make a living there (Of course, cities do have resident permits; holders of such permits get subsidies in health facilities etc). Yet, one cannot find a single, real, poor person in the cities. No beggars, no slums and nobody sleeping on the streets! When poor can migrate freely, cities are bound to have slums if real poverty exists. In China, people come to cities for a better life and not because they were dying in the villages. The programs for poverty alleviation in China are carried out in 592 key counties over and above 74 counties in Tibet. In the distribution of prosperity, the Central and Western counties were the weakest links always. To address the economic gap, the central authorities from 1986 issued subsidized loans to the poor people – that was augmented from 1.05 billion RMB in 1986 to 5.5 billion RMB in 1996! Similarly, the “Food for Work” scheme was another flagship program in China where government spent 33.6 billion RMB between 1986 and 1997. Unlike other parts of the world where most of such programs are littered with corruption, the Chinese were successful in creating productive assets like roads, bridges, dams and other infrastructures across the nation. In the agricultural sector, reforms in agricultural taxes and other fees were implemented to relieve the farmers. In 2000, all the fees were abolished and replaced with a single slab agricultural tax – and later on in March 2004, amidst fear of WTO repercussions, the central government decided to eliminate the agricultural tax completely within the next 5 years. In the same year, more agricultural subsidies were introduced, which was followed by increased spending on rural infrastructure amounting to $25 billion!      Read More....

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

IIPM Proves Its Mettle Once Again....
Planman Technologies
IIPM Contact Info
IIPM History
IIPM Think Tank
IIPM Infrastructure
IIPM Info

IIPM: Selection Process
IIPM: Research and Publications
IIPM MBA Institute India

-----------------------------------------------------------------------
 
 
After seven odd assassination attempts over the last four decades, it was on October 20, 2011, that one of the most successful Libyan leaders Muammar Gaddafi kissed the most brutal and disgraceful death. Libyan fighters snapped him out of his ‘hole’ and shot him to death. His body, half naked, completely wounded, shambled hairs and bloodied was then delivered as prized possession to Misrata (a city near Sirte) where it was put on public display as a token of victory for the rebels. And with it came an end of the era, which Gaddafi built over 40 years. And with his end, the US again proved its double standards to the world!

Yes Gaddafi was a ruler who made a lot of personal wealth the way perhaps many other rulers in India and many other countries try to do. He ruled with an iron fist but then many other rulers across the world do the same. But here are some facts about Gaddafi. Under his rule and his economic policies, Libya’s human development indicators improved so much that it was ranked as a nation that had highest per capita GDP in Africa, best education index and also an exceptional human development index.

During his rule, women had the best of access to equality in the whole of Arab world. Yes, many people did revolt against him due to his iron fist rule, but that doesn’t necessarily make him the kind of evil that the western media has been trying to portray in the last few months. The ire of the west lies actually in the fact that Gaddafi was the real mastermind behind OPEC that virtually transferred billions of petro dollars from the western coffers to the Arab world. And that is something that the west hasn’t been able to forget or forgive.

Let me state clearly that this is no way an attempt to defend Gaddafi or his iron fist policies. The attempt is to bring forth the American double standards by taking a simple look at the three regimes which have been overthrown in Libya, Egypt and Iraq because there can be nothing more shameful than what US is doing to the entire Middle East and Africa. Not only they have been supporting the dictators with arms but with this act, they have overthrown three most successful regimes of the region to quench their lust for oil.

It is no secret that since decades, US has been a chief supplier of arms to the Middle Eastern countries and especially to those nations where the regime needed it most - to most autocratic and ruthless rulers. In 2009, President Obama has asked Pentagon to sell most advanced weapons to governments of Bahrain, Egypt, Iraq, Jordan, Kuwait, Saudi Arabia, and Tunisia. Between 2006 and 2009 US supplied arms worth $47 billion to Middle Eastern nations, which was 54 per cent of total arms purchased by the region. It was the American weapons that were used in Bahrain, Saudi Arabia, Yemen and Egypt to curb the pro-democratic movements. And why not; it is these countries that collectively provided US with $70 billion through arms trade.

The Obama administration last November struck a deal with King Abdullah of Saudi Arabia wherein Saudi Arabia agreed to purchase arms worth $60 billion over the next 20 years including F-15 fighter aircrafts. This is the same country which is criticized for suppressing women’s rights and discriminating against foreign workers. The nation has also come under international human rights radar for practicing unfair trials and arbitrary detentions.

Similarly, US support to Jordan’s government is omnipresent. Last year it gave aid worth $300 million that the government eventually used for curbing political resistance and violating basic rights. Interestingly, the US had made its tie stronger with Turkmenistan that last year received military aid worth $2 million a jump from $150,000 in 2009. This jump is credited to the fact that it eases the flow of arms into Afghanistan and Pakistan and this is in spite of the fact that the 2009 State Department report of the US itself claimed the regime to be an abuser of human rights. Similar is the case of American relations with Uzbekistan (Sanctions against the brutal regime were lifted in 2006 and the Obama administration is all set to refurbish the relationship).     Read More....

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

IIPM Proves Its Mettle Once Again....
Planman Technologies
IIPM Contact Info
IIPM History
IIPM Think Tank
IIPM Infrastructure
IIPM Info

IIPM: Selection Process
IIPM: Research and Publications
IIPM MBA Institute India

-----------------------------------------------------------------------
 
 
The 10th anniversary of 9/11 was different for the Americans. The decade-long wait is over and even the perpetrator of 9/11 is dead. This 9/11 was also the first anniversary when Americans felt contented by the very fact that their revenge is over and they have again proved their supremacy over the world. But then, this very celebration amidst sorrow is far from complete. Perhaps the chief operative of 9/11 is dead, but the modus operandi is still active and running. Neutralizing Osama is just half the task done, but the very system that allowed Osama to execute the entire 9/11 episode, still thrives. Amidst the entire hullabaloo, what got swept under was the manner in which the entire operation was funded. It is a lesser known fact that the funding for 9/11 had its roots in Africa, and it was all possible because millions of Westerners bought stones that had been (since the last four decades or so) hyped up as the most precious gifts for women. Yes, I’m here talking about diamonds, or rather conflict diamonds – to be more precise, those that with time have earned the title of being ‘blood diamonds’. Several investigative reports post 9/11, including UN war crime reports, have revealed that the Al Qaeda joined Liberian President Charles Taylor in the African diamond trade, which was used for terrorist activities. The terrorists used illicit diamonds as currency for funding their operations, as the demand for illicit diamonds remains high, while tracking the movement of the same is extremely tedious.

If one goes back in time, the entire episode of conflict diamonds started post World War II, when natives of Sierra Leone, working for the British army, returned home to find that their nation was still being looted by the British. Although diamond mining was not just confined to Sierra Leone, what was unusual particularly in Sierra Leone was that unlike other parts of Africa where diamonds were found in specific zones only, diamonds in Sierra Leone were spread all across its geographic expanse, which made the loot easier and plentiful. Gradually, the natives (early 1950-60s) started mining these diamonds illegally and then selling them in the local market. Since the mining was in open fields (alluvial zones), security and protection became virtually impossible. The British used a police force to deter these natives from mining; but then, eventually, the natives learnt the art of warfare (thanks to the soldiers who returned home) and with time, illegal mining started to flourish. Moreover, Lebanon gave the natives of Sierra Leone the market they needed. Along with trade facilities and a thriving market, Lebanon provided the natives with mining equipments and tools as well. These diamonds also made their way to Liberia, since Liberia was a dollar-based economy and had flexible laws – selling and purchasing these diamonds became easier and in due course, they started getting traded internationally.    
Read More....


For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

IIPM Proves Its Mettle Once Again....
------------------------------------------------------------------------------------------------------------------