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How Unequal are World Incomes?
27 March, 2018, C.P. Chandrasekhar & Jayati Ghosh
Global inequality has reduced as income growth shifts from the Northern countries to emerging markets like the BRICS. But this shift is quite limited and has not benefited the bulk of people in the developing world.
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.
Ideas towards a New International Financial Architecture?
23 December, 2015,
The book is the outcome of an e-conference held between May and July 2015 on ideas towards the new international financial architecture (IFA) with the people from the World Economics Association. It reviews the need for a new international financial architecture understood as the sum of institutions, instruments, rules and practices.
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.
Emerging Markets in Retreat
25 August, 2015, Jayati Ghosh
From Brazil to Thailand, experiences of the emerging markets confirm that relying only on net export growth or debt-driven bubbles for rapid growth cannot work for very long.
Banking with a Difference
12 August, 2014, C.P. Chandrasekhar
Democratic forces in BRICS and other countries have to ensure that the BRICS bank acts differently from existing development banks to be a true alternative as expected.
The BRICS Bank: Part of a new financial architecture (1)
25 July, 2014, Oscar Ugarteche
The BRICS Bank would be less vulnerable if it used non dollar denominated bonds similar to those established by the World Bank in the 1980's.
The BRICS Bank: Part of a new financial architecture (2)
25 July, 2014, Oscar Ugarteche
Given that the BRICS countries all have first tier development banks implies that they also have development bankers who can bring their expertise to the New Development Bank.
BRICS Gains Currency in Brazil
25 July, 2014, Biswajit Dhar
BRICS is poised to make a mark in the global economic governance, if the NDB and the CRA turn into credible financial institutions – as counterparts of the existing structure.
India and the Credit Rating Agencies
26 June, 2012, Jayati Ghosh
In the recent times, several big international credit rating agencies have downgraded India’s rating outlook as a sovereign borrower. The main point however is whether we should at all bother about the “opinions” of these external credit rating agencies. Maybe we would all have been better off without the destabilising influence they have played and continue to play in India and in the rest of the world.
Call for Papers for the 2012, EGPA Annual Conference in the area of PATI and Special call for papers on 'Management and Innovation in State-owned Enterprises', 5-8 September 2012, Bergen, Norway
12 April, 2012,
Technological developments of the last decades have brought the co-evolutionary linkages between technology and public sector institutions and organizations into the center of both economics and public administration research. Technologies can, arguably, make public administration more effective, efficient, transparent and more accountable; but they can also cause problems with privacy, sustainability, legality, and equality, to name just a few examples.
Using the Potential of BRICS Financial Co-operation
09 April, 2012, Jayati Ghosh
The emergence of BRICS as a global economic entity offers a scope for democratising the entire process of South-South Co-operation that till date has been mainly corporate led. The commonalities of the challenges faced by the individual members of BRICS can act as a platform for developing a more progressive developmental trajectory for the member countries, and all emerging economies at large.
Global Disorder and the Indian Economy
25 August, 2011, Jayati Ghosh
The Indian economy is showing the classic signs of a bubble economy and any small signs of external vulnerability and economic fragility can cause it to burst. Crucial possible downsides of the current round of global uncertainty for India and other emerging markets include the lack of import demand growth in the US and the EU, renewed inflows of mobile capital, etc.

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