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Did Developing Countries Really Recover from the Global Crisis?
17 July, 2018, C.P. Chandrasekhar & Jayati Ghosh
A decade after the Global Financial Crisis, developing countries still bear the scars in the form of lower growth and lower investment rates.
Ashok Mitra, the Marxist Economist Who Was a Fierce Critic of the Government
02 May, 2018, Paranjoy Guha Thakurta
On the morning of May Day, former finance minister of West Bengal, member of parliament, prolific writer, bureaucrat, economist and Marxist thinker Ashok Mitra passed away in a Kolkata nursing home. He was born in 1928 and had turned 90 on April 10 this year. He was not just an academic, an administrator, a politician and an activist, but also a writer of amazing eloquence and insight in both Bengali and English.
Leapfrogging into Services
26 April, 2018, C.P. Chandrasekhar
The argument that services reflect a new dynamism in India and the IMF’s prescription that the sector can be a driver of growth and development are far-fetched.
The Collapse in Developing Country Exports
25 April, 2018, C.P. Chandrasekhar & Jayati Ghosh
The period since 2010 has seen a collapse in developing country exports, most of all in South-South trade. Developing countries need to factor this into their future strategies.
Doyen of 'Dependency Theory'
03 April, 2018, Sunanda Sen
Theotonio dos Santos (1936–2018), who passed away on 27th February in Rio de Janeiro, was a major proponent of dependecia or dependency theory, important for those interpreting the growing disparities between the advanced and the developing world. Time will bear testimony to his contributions, as a scholar, a theoretician, and an activist who spent his life in spelling out the injustices in globalization.
The Economy: 70 years after Independence
30 August, 2017, C.P. Chandrasekhar
Indias' reliance on fortuitous and volatile stimuli to drive growth has resulted in inadequate job creation and widened inequalities while failing to address social deprivation.
The Hamburg Fiasco
19 July, 2017, C.P. Chandrasekhar
There is no sign of any consensus coming out of the G20 on the need for a mix of globally coordinated policies and a fiscal push to pull the world economy out of recession. What we have once again is a set of statements that says everything and therefore nothing.
The Macroeconomics of Basic Income Grants
07 July, 2017, Jayati Ghosh
The idea of Universal Basic Income, today treated as novel, in fact dates back to Kautilyas Arthashastra and Thomas Mores Utopia in the 16th century. Milton Friedman's negative income tax also revolved around the same idea, which was rightfully criticized by Minsky for inducing inflationary expansion in place of direct welfare schemes. Considering distributional effects, direct job creation is a more effective way to tackle poverty.
Development for Whom?
22 June, 2017, Jayati Ghosh
Calls for a new development paradigm grow louder each day, especially in rapidly growing countries like India. Award-winning development economist Jayati Ghosh explores prospects for such a new model of equitable and sustainable development with Allen White, Senior Fellow at the Tellus Institute.
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.
Why workers lose
30 May, 2017, C.P. Chandrasekhar
The IMFs push to delink the decline in the share of labour in national income from the rise of finance, neoliberalism and globalisation leads to a set of banal prescriptions on how to deal with a problem that is at the centre of the crisis of capitalism today.
China's Capital Flight Syndrome
30 January, 2017, C.P. Chandrasekhar
The sudden collapse in reserves due to an outflow of capital in a country that was considered the favoured destination for FDI points towards the fact that China is now paying the price for the capital account liberalisation measures adopted with its entry into the WTO.
No Digital Base for a Cashless Economy
27 January, 2017, C.P. Chandrasekhar
In the absence of a digital base for a cashless economy, Indias road to a near-cashless economy seems fairly long and the journey is likely to be slow and tedious.
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 Indias growth. Due to the accumulated presence of foreign capital in the country since liberalisation, it is turning moribund and losing sovereignty.
Rajan's Exit
15 September, 2016, Prabhat Patnaik
The reason for the governments dithering over an extension of Raghuram Rajans term, which led to his decision not to ask for one, cannot be attributed to his stance on interest rates.
Economic Forecasts and Reality: Should we believe the World Bank?
23 June, 2015, C.P. Chandrasekhar & Jayati Ghosh
The World Banks latest projections for GDP growth are pessimistic, especially for developing countries. But given its poor track record, how far they are reliable is doubtful.
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.
How Vulnerable are Emerging Economies?
06 March, 2014, C.P. Chandrasekhar & Jayati Ghosh
Developing countries face a complex set of challenges in the changing global scenario that does not seem to be factored into economic policies in most countries.
The Employment Challenge
22 January, 2014, C.P. Chandrasekhar & Jayati Ghosh
Although every significant country of the world is still in the midst of growth deceleration, forecasters confidently hold out hopes of a recovery.
Workshop on feminist economics in China and India, India International Centre, New Delhi, 11-12 November, 2013
30 October, 2013,
Economic Research Foundation, in collaboration with the Centre for Development Alternatives, Ahmedabad and with support from Ford Foundation and UN-Women, is organising a two-day workshop to bring together feminist economists from China and India, including senior and younger scholars and researchers as well as those involved in policy making in both countries.

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