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RCEP Deal can be Disastrous for India
13 September, 2018, Biswajit Dhar
Our FTA experience and existing trade imbalance with RCEP nations inform us that such a trade pact will hurt our producers.
The Real Problem with Free Trade
11 September, 2018, Jayati Ghosh
Even if free trade is ultimately broadly beneficial, the fact remains that as trade has become freer, inequality has worsened. One major reason for this is that current global trade rules have enabled a few large firms to capture an ever-larger share of value-added, at a massive cost to economies, workers, and the environment.
India's Electronics Manufacturing Sector: Getting the Diagnosis Right
07 September, 2018, Smitha Francis
The Indian electronics industry’s high dependence on imports is a direct outcome of the trade and investment liberalisation that was carried out by successive governments without putting in place the necessary industrial policy support for maintaining and improving domestic linkages and indigenous capabilities.
Trump's Trade War
24 April, 2018, C.P. Chandrasekhar
The trade sanctions on China and other protectionist measures announced by the Trump administration will not only not serve the cause of the U.S.’ trade deficit but could also spark off a trade war, resulting in an overall shrinkage of world trade.
Mitigating FTA Challenges
02 September, 2014, Biswajit Dhar
India has not been able to sufficiently leverage the FTA agreements to increase its presence as its export share to FTA/CEPA countries has declined.
Course Change in Global Trade Negotiations
07 September, 2011, C.P. Chandrasekhar
The indefinite suspension, on July 1, of the Doha Round of world trade negotiations calls for some rethinking on the expectations India has from a new multilateral agreement. The suspension proved unavoidable when it became clear that the US was offering too little by way of reduced protection for its own agricultural sector, while demanding large concessions in terms of agricultural and non-agricultural market access from the rest of the world.
The Japan-India Comprehensive Economic Partnership Agreement
22 February, 2011, C.P. Chandrasekhar & Jayati Ghosh
There has been much media celebration about the recent signing of the Japan-India Comprehensive Economic Partnership Agreement. This article examines some of the features of the agreement and considers their implications for domestic economic strategies and processes in India.
Indian IT: Privileged, protected and pampered
31 August, 2010, C.P. Chandrasekhar
One possible reason for the Indian IT industrys protest against the US move to increase visa costs for Indian companies could be that the industry has received privileged treatment at home for more than a decade. But given these special privileges one question that has constantly been posed is, are there adequate reasons to justify their provision?
National FDI Concepts: Implications for investment negotiations
04 June, 2010, Smitha Francis
Free trade agreements and bilateral investment treaties make privileges for and treatment of foreign direct investors legally binding. Thus, apart from the concerns of being able to capture the ''real'' financial and economic contribution of foreign direct investment inflows, FDI definitions are also about protecting the ''rights'' of the so-defined investors in the host country. Keeping this in mind, the article analyses India's current FDI policy and warns that if we define FDI within our national regulatory framework too broadly to allow instruments and flexibility that were earlier resisted, we would have already lost most of the leverage in investment negotiations at the regional and multilateral levels.
Primitive Accumulation by Another Name
31 October, 2006, C.P. Chandrasekhar
Liberalisation, its advocates argue, is a flattening device. By breaking down barriers and abandoning State policies that privilege the few, it ensures that the market rewards the fittest and the best, whether large or small.
The Need to Protect Petty Production
17 July, 2006, Prabhat Patnaik
This paper argues that in a situation where unemployment is generated through the disappearance of small-scale production, the ''efficiency'' argument in favour of their closure does not stand, even if small-scale units are more inefficient at the micro-level.
The Export Obsession
17 November, 2005, Jayati Ghosh
Once again international attention is focussed on trade negotiations, with hectic parlays between groups of countries before the forthcoming WTO Ministerial Meeting in Hong Kong. And once again it is clear that developing countries are unlikely to get much relief or advantage from these talks
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.
Ten years of NAFTA
15 January, 2004, Jayati Ghosh
The first day of this year marked the tenth anniversary of NAFTA the North American Free Trade Agreement, which brought the economies of the United States, Canada and Mexico together. This was a trade deal preceded by much debate and opposition.
What should be the scope of "Development Economics"?
09 October, 2003, Prabhat Patnaik
1. When I was a student in the 1960s, we basically thought of economics as being divided into two segments: there was "economic theory" on the one side, and there was a whole mish-mash of economic history, "Indian economics" and "development economics" on the other
Inequality and Inadequate Policies: A Looming Crisis in Guatemala
03 August, 2003, Jayati Ghosh
Exotic and beautiful birds grace the trees in the garden of the elegant hotel, a sixteenth-century convent converted into a luxury facility. The birds occasionally squawk, but they do not move from their branches because they can no longer fly. They have had their wings clipped, and are placed in their positions by the staff every morning so that their magnificent plumage can be admired by the hotel's guests. This practice can work as a metaphor for the combination of beauty and cruelty that characterizes the Central American country of Guatemala.
Tokyo Mini-Ministerial: No Takers for Free Trade
21 February, 2003, C.P. Chandrasekhar
The message from the WTO mini-ministerial at Tokyo (1416 February) is clear. There are no takers for free trade in the international system. In the second of the series of 'informal' mini-ministerial meetings being convened to forge an as-yet elusive consensus on the framework for the Doha Round of world trade talks, the twenty-two participating countries (out of twenty-five who were invited) could not agree on any issue of significance.
Summits, Sustainable Development and Stability
24 August, 2002, Jayati Ghosh
The weariness and cynicism the phrase arouses are almost palpable. "Another UN Summit" people say, as their eyes glaze over and they shrug their shoulders, barely having the enthusiasm to enquire about the objectives, the means to be adopted, or even the participants.
What was the Nature of the Agrarian Transition in Post- Independence India?
12 June, 2002,
The essence of the agrarian transition in post-Independence India has been the development of a socially narrowly-based agrarian capitalism. While there has been some change in the composition of the top land-owning stratum (with the decline of the erstwhile zamindars and the moving up
What is at Stake in Doha ?
13 November, 2001, C.P. Chandrasekhar & Jayati Ghosh
The ongoing WTO Ministerial Meeting at Doha in Qatar was the focus of controversy well before it started. The WTO has been subject to growing criticism not only from governments of developing countries but also from civil society in developed and developing countries.

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