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National income in India: What’s really growing?
28 February, 2018, C.P. Chandrasekhar & Jayati Ghosh
Recent income growth in India has been dominated by sectors that do not reflect real physical output increases – such as finance, insurance and real estate and public administration and defence.
The Rights of the Child and the G20 Summit
03 July, 2017, Sir Richard Jolly & Gabriele Kohler
Fresh research from UNICEF shows that the number of children in poverty, in rich countries has increased as a result of austerity policies. An average of one in five children in 41 high income countries lives in poverty. Children and their rights do not even seem to feature in the G20 manifesto, even as it stresses the ending of austerity policies and encouraging public budgets that promote development and poverty eradication.
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.
Understanding the American Right
26 October, 2016, Jayati Ghosh
One of the reasons for the solid, intense support that Donald Trump commands is his complete disdain for political correctness, which appears exhilarating and liberating to such people who have felt suppressed for so long.
Focus on Inequality
18 October, 2016, Prabhat Patnaik
While in its publication tracking progress towards poverty removal and curtailment of inequality, the World Bank expresses optimism over the fact that two-thirds of the countries it examined showed a positive shared prosperity premium, the author here explains why this optimism is misplaced.
The Growth Model has Come Undone
12 July, 2012, Mritiunjoy Mohanty
The government’s argument that India’s economic slowdown is the result of the global situation and related uncertainty is only partly true. The deeper reason is the unravelling of the underlying growth model — partly due to the greatly increased import dependence of the manufacturing sector and partly because the investment subsidy that Indian companies enjoyed due to the under-pricing of assets is no longer feasible.
The Queen and her Guards
13 June, 2012, Jayati Ghosh
The aggrandised celebration that marked the Queen’s diamond jubilee was successful in concealing the grim economic realities of the British economy. A disquieting employment situation, discussed in the article, raises concern that it could just be the tip of the iceberg and that a sweatshop scenario that was once regarded as typical of the developing world exists in the UK as well.
Karuturistan, Ethiopia: The fire next time?
21 October, 2011, Alemayehu G Mariam
Karuturi is an Indian MNC that currently owns 2,500 sq km of virgin fertile land in Gambala Ethiopia where it practices corporate farming. The project has not only displaced local inhabitants from their homeland, they are also impoverishing the local community by bringing in farmers from India and thereby denying local people the right to livelihood. The produce is meant to be exported to the international market, whereas Eithopia is one of the largest recipients of foreign food aid.
Afterword on a Movement
07 September, 2011, Prabhat Patnaik
Any undermining of parliamentary democracy represents a huge social retrogression. But a positive fall-out from the Hazare movement hopefully is self-rectification by the ''democratic State'' in the face of this challenge. However, the Hazare group's assault on parliamentary institutions and exclusive emphasis on corruption within the state machinery, to the exclusion of the corporate sector and civil society groups, could turn out to be a part of an agenda of converting Indian democracy into a ''corporatocracy''.
Surviving Uncertain Times
01 December, 2010, C.P. Chandrasekhar & Jayati Ghosh
There's really no question about it: the world economy is heading for a period of great economic uncertainty, in which instability, trade and currency conflicts and possibilities of economic stagnation all loom large.
Will Women's Reservation in Parliament make a Difference?
09 March, 2010, Jayati Ghosh
The huge gender gaps that continue to persist in India’s socio-economic outcomes, as well as the gender-blind nature of the design and implementation of policies point to the urgency of having more women legislators who can shape the content of law, as well as redirect policies to move away from the traditional male breadwinner model to a more gender-sensitive and inclusive approach.
Pirates and Panic
08 December, 2008, Jayati Ghosh
The recent attacks in the Gulf of Aden and off the Somalian coast provide enough evidence of the increasing number of pirate attacks across the globe. These clearly indicate the growing risk and uncertainty in international economic transactions, which are not only financial but geo-political as well.
The Media and Responsibility
05 December, 2008, Jayati Ghosh
The electronic media?s representation of the horrific incidents of Mumbai necessitates for the society to point at media?s irresponsible behaviour. In sensationalising an incident in their way of practising competitive journalism, media has lost sight of essential humanity.
The Fraudulent World of US Finance
16 May, 2005, C.P. Chandrasekhar
In what now appears routine, a leading investment bank in the US has been indicted for fraud. On Monday May 16th, 2005, a Florida jury ruled that Morgan Stanley had acted in bad faith and defrauded erstwhile corporate raider and beleaguered financier Ronald O. Perelman in 1998.
The Right to Strike and Labour Repression in India
05 February, 2004,
For some time now, it has been evident that the stance of the Central government – in terms of the executive authority and policy makers – has been anti-labour. It is now apparent that the same tendency is also increasingly prevalent among the judiciary, which has been delivering a series of judgements which effectively operate to reduce the bargaining power and rights of workers.
The Road to Ruin
25 May, 2002, C. Rammanohar Reddy
Those who speak out against a war must be prepared for accusations of being soft in brain and brawn. But this should not be surprising when war hysteria seems to be the national mood. Strangely though, the hysteria is restricted to the members of the political, chattering and middle classes who are ready to offer others' blood to play out their notions of patriotism.

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