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A Note on Estimating Income Inequality across countries using PPP Exchange Rates
01 February, 2018, Jayati Ghosh
The use of exchange rates based on Purchasing Power Parities to compare income across countries and over time has become standard practise. But there are reasons to believe this could lead to excessively inflated incomes for poor countries and in some cases also inflate the extent of real changes over time. Estimates of gross domestic product growth in Chinese and Indian economies in recent years provide examples of this.
Indian Banking: Current Challenges & Alternatives for the Future
30 January, 2018, C.P. Chandrasekhar & Jayati Ghosh
Indian banking today is at a tipping point. Banks are burdened with non-performing assets, incurring significant losses due to provisioning and unable to sustain credit growth, and therefore changes are both necessary and inevitable.....
Evolution of India as a Nation
06 March, 2017, Sitaram Yechury
This piece is the author's deliberations made in the Opening Session, "The Idea of the Nation" of the day-long Seminar on "Interpreting the World to Change It", held on February 11, 2017, in New Delhi to mark the release of Festschrift for Prabhat Patnaik.
Handbook of Alternative Theories of Economic Development
09 January, 2017,
The Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today’s mainstream and neo-classical tenets.
The State and Indian Planning
09 September, 2014, C.P. Chandrasekhar
Though the Planning Commission faltered in residual developmental role, but instead of reforming it the scrapping indicates towards systematic dismantling of checks and balances.
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.
Employment Generation as an Economic Strategy for Uncertain Times
14 November, 2011, Jayati Ghosh
This is the acceptance speech made by the author at the award function of the ILO Decent Work Research Prize, 2010. Discussing the growing pressures in the current global scenario, she argues for a shift in macroeconomic strategy towards domestic wage- and employment-led growth as a means to sustainable growth, as well as an end in itself.
G20 and the Global Power Balance
06 October, 2009, C.P. Chandrasekhar
When the 19 heads of state and a representative of the European Union declared that from now on it would be the G20 and not the G8 that would be responsible for managing global capitalism they were merely recognising the unavoidable. However, if expansion of the club responsible for managing global capitalism was unavoidable, the G20 reflects the combination which would be preferred by the leading powers.
International Conference on 'Issues in Finance and Economic Development in Developing Countries during Globalisation Era' from 6 to 7 November 2009, at Shri Ram College of Commerce, University of Delhi.
21 July, 2009,
Given the current global financial crisis it is imperative to understand the financial structure in place in developing countries following the financial liberalisation policy. This liberalisation policy was implemented as per the philosophy of Structural Adjustment Programmes and Macroeconomic Stabilisation prescribed by international financial institutions. The era of financial liberalisation has witnessed very visible changes in the financial structure
Assessing the Recent West Bengal Experience
20 March, 2009, Jayati Ghosh
A report prepared by Indicus Analytics on the economic development of West Bengal tries to portray a dismal performance of the state with regard to growth, employment, poverty reduction, health etc. The article tries to question the findings of the report and argues that in many counts West Bengal has performed much better than the national average.
The Loss of Development Finance
23 October, 2008, Jayati Ghosh
The financial tsunami that is now threatening to engulf many developing countries as well, makes all the more clear the dangers posed by unregulated financial markets. As is known, in addition to creating the conditions for greater fragility, financial liberalisation generates a bias towards deflationary macroeconomic policies and forces the state to adopt a deflationary stance to appease financial interests. In fact, financial liberalisation in developing countries has even worse consequences, because it can retard or even reverse the development.
National Conference on 'Making Growth Inclusive With Reference to Employment Generation', 28-29th June, 2007, Jawaharlal Nehru University, New Delhi
02 July, 2007,
The theme chosen for the conference as reflected in the seminar title is one of the most formidable challenges facing the Indian economy today, namely the phenomenon of "jobless growth”. This seminar was organised through the joint efforts of the Indian Institute of Advanced Studies (IIAS), Shimla and Jawaharlal Nehru University (JNU), New Delhi .
The Revised Basel Capital Accord: The Logic, Content and Potential Impact for Developing Countries
31 August, 2006, Smitha Francis
Basel II is the modified framework of supervisory regulations governing capital adequacy for internationally active banks, published by the Basel Committee of Banking Supervision. This paper argues that while the Revised Accord is yet another attempt by the global financial community to remedy the woes associated with unhindered financial liberalization, it will only serve to exacerbate the already existing conflicts between the objectives of financial stability and economic development facing developing countries under the present paradigm.
Why Poor Countries are not Catching up
07 November, 2005, Jayati Ghosh
One of the myths about globalisation that has been systematically punctured over the past decade is that it would lead to greater convergence of incomes between countries. In fact the period after 2000 has been one of even more uneven development in the world economy than in the past.
The Wolfowitz at the World Bank's door
22 March, 2005, Jayati Ghosh
The second innings of George Bush Jr. at the White House promises to be more than just a replay of the first term, although that prospect alone would have been horrifying enough. Re-election has legitimised for the incumbent US President his most blatant and aggressive past actions.
Budget 2004-05 : Farmers are the new untouchables
12 July, 2004, Devinder Sharma
For the BJP-led National Democratic Alliance, and now the Congress-led United Progressive Alliance, farmers have become the new untouchables. If the two Budgets presented in 2004 are any indication – first the interim Budget by the outgoing Finance Minister Mr. Jaswant Singh, and then the Budget 2004-05 presented by his successor Mr. P. Chidambaram – agriculture has become a burden on an ungrateful nation.
Market, Morals and the Media
25 July, 2002, Prabhat Patnaik
The power of the media as an institution has gone down greatly in India in the 1990s. To use 'moral capital' to acquire a more powerful role in society the media needs to display humaneness and concern for democracy in looking at the impact of issues like liberalisation' and 'globalisation'.
The Development Disaster
12 February, 2000, Prabhat Patnaik
The decade of the 1990s, about which there has been so much hype, was actually nothing short of an economic development disaster for India, when the real per capita consumption expenditure in rural India went down in absolute terms.
Services Sector Growth : What Does it Mean?
16 November, 1999, C.P. Chandrasekhar & Jayati Ghosh
Services constitute a very heterogeneous economic category, and it is one which has become more difficult to define over time. Older definitions of services tended to rest on the fact that services were often difficult, if not impossible, to separate from the service-provider and recipient, so that people became crucial to the definition.

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