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Not with a Bang but with a (prolonged) Whimper
16 November, 2017, Jayati Ghosh
The German thinker Wolfgang Streeck in his brilliant book provides a cogent critique of the nature of contemporary capitalism, and describes its ongoing extended demise without surrendering to any optimism that as it fails to deliver even in terms of its own logic all the injustice it has generated must inevitably change for the better.
Monitoring the Evolution of Latin American Economies using a Flow-of-funds Framework
09 November, 2017, Esteban Peez Caldentey and Manuel Cruz Luzuriaga
Flow-of-funds accounting permits to monitor the financial sector in terms of flows and stocks and to analyze its relationship with the real sector. Traditionally practised in developed nations, this accounting has not experienced a parallel development in developing countries. In order to fill this gap, the paper undertakes the construction of a data base of flow-of-funds account matrices for various Latin American and Asian countries, exemplifying their use for the study of financial crisis in these regions.
Strangulating the Informal Economy
12 October, 2017, Prabhat Patnaik
The current slowdown in the economy, aggravated by the persistent world economic crisis, has much to do with the twin coercive instruments of demonetisation and GST wielded by the state to strangulate the informal economy in a bid to formalise it.
Deras and Evangelicals
18 September, 2017, Jayati Ghosh
Deras, like the Pentecostal Church in the U.S. and elsewhere, are popular because they address the needs and aspirations of those socially excluded by organised religion and economically marginalised by globalisation.
Twenty Years After The Asian Financial Crisis
07 August, 2017, Prabhat Patnaik
It was the free flow of foreign capital through “financial liberalization” that led to the East Asian Crisis of 1997, from which the “tiger economies” have not yet recovered fully. Even now, the augmented foreign reserves of these third world countries remain woefully inadequate to finance debt to foreigners, as the hegemony of international finance capital builds over their own assets.
Call for Papers for Summer School – 2018
12 June, 2017,
The main theme of the forthcoming Summer School 2018 extends the primary concerns of the Summer School 2017, which explored the diversity of labour questions in the Global South, to focus primarily on the countryside and, in particular, the functioning of corporate and contract farming, and the associated global agricultural value networks (GAVNs).
One Belt, One Road, One grand design?
10 June, 2017, Jayati Ghosh
As Trump adopts protectionist measures, President Xi Jingpings’ project “One Belt One Road” is an overwhelmingly ambitious plan to restore faith in globalization. Aiming to perfectly connect 60 countries to China, it is expected to face huge political and financial difficulties. Although it points to a new kind of Chinese imperialism, such a world of competitive superpowers might open new opportunities for the developing nations.
Can Developing Asia Hold its Ground?
06 December, 2016, C.P. Chandrasekhar & Jayati Ghosh
Capital flight from Asia points to investor concerns about both political processes in the big Asian developing economies and medium-term economic prospects.
Finance Capital and the Nature of Capitalism in India Today
25 November, 2016, C.P. Chandrasekhar
This article explains how the growing dependence on foreign finance capital has distorted India’s growth. Due to the accumulated presence of foreign capital in the country since liberalisation, it is turning moribund and losing sovereignty.
How much has Global Economic Power Really Shifted?
31 March, 2016, C.P. Chandrasekhar & Jayati Ghosh
This article analyses the significance of shift in global economic power from the North to the South and what exactly it means for the countries in developing Asia like India.
Capital Bleeds from Emerging Asia
02 February, 2016, C.P. Chandrasekhar & Jayati Ghosh
Capital flight, in 2015, from the emerging markets, especially those in Asia, was much worse than has been previously estimated. This augurs ill for the coming year.
Wages Specialists in New Delhi, Moscow and Cairo
06 January, 2016,
The International Labour Organization (ILO) is recruiting 3 specialists on wage policies who will be located in New Delhi, Moscow, and Cairo to provide high level technical advisory services in South Asia, Eastern Europe & Central Asia and Africa respectively.
The Continuing Debt Problem in Asia
08 December, 2015, C.P. Chandrasekhar & Jayati Ghosh
Private household debt is going to be a major concern for many Asian economies as excessive household debt and falling realty prices combine to create a potentially potent mix.
Debt and Asia's Success
03 November, 2015, C.P. Chandrasekhar & Jayati Ghosh
An improved dataset from the Bank of International Settlements reveals that the post crisis 'success' of Asia in terms of growth was built on a pile of debt.
Development Finance in BRICS Countries
11 September, 2015,
The volume aims to provide background information for an informed debate about development financing from the perspective of emerging economies, especially the BRICS countries.
China's Troubled Stock Markets
04 August, 2015, C.P. Chandrasekhar & Jayati Ghosh
The boom bust cycles in China's stock markets question the government's view that there is much to be gained from deregulating them.
China's Stock Market Collapse
22 July, 2015, Jayati Ghosh
The negative impacts of China's stock market collapse, falling exports and the explosion of debt are not just felt within the economy but across the globe.
Result: Latin America/Africa/Asia/Scholarly Collaborative Programme, Research Grants 2015.
25 May, 2015,
The Latin American Council of Social Sciences (CLACSO), the Council for the Development of Social Science Research in Africa (CODESRIA), and the International Development Economics Associates (IDEAs), executants institutions of the Latin America, Africa and Asia Scholarly Collaborative Program (2013-2015), notify the general results of the South-South Scholarships Award 2015 for research on the theme "Education, public policy and rights: Challenges for the South".
Call for Applications for the Eighth South-South Institute on "Inequality and Social Justice: Perspectives from the Global South", September 11-18, 2015, Durban, South Africa.
16 March, 2015,
CLACSO, CODESRIA and IDEAs are pleased to announce, within the framework of the third three-year phase of the Africa/Asia/Latin America Scholarly Collaborative Programme, the call for applications for participation in the Eighth South-South Institute on "Inequality and Social Justice: Perspectives from the Global South".
C.P. Chandrasekhar talks on the Rising Inequality in Asia
18 February, 2015,
Prof. C.P. Chandrasekhar talks about the increase in inequalities in the Asian countries in recent times, despite high rates of economic growth in some of these countries and gives possible explanations for this trend.

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