Who's Manipulating China's Exchange Rate?
11 September, 2018, C.P. Chandrasekhar & Jayati Ghosh
Contrary to western perceptions, the Chinese government’s attempts to manage the exchange rate over the past few years have actually been directed to shoring up its value, rather than forcing depreciation.
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.
Finance versus the People
27 August, 2018, Prabhat Patnaik
There is a fundamental contradiction between democracy and neo-liberal capitalism. This contradiction can be seen from the exuberance of the market with the removal of a challenge to communal authoritarianism.
Changes in the Structure of Employment in India
14 August, 2018, Vikas Rawal
An analysis of overall trends in the structure of employment, differentiated between men and women, between rural and urban workers, and across different sectors. With an emphasis on using age-cohort analysis, the dynamics of change in the employment structure are elucidated. The paper looks at changes in the overall size of the labour force and in work participation rates between 1993–94 and 2011–12 and talks about changes in employment structure across different industries as well as impact of improvement in educational attainment on employment conditions of young workers.
Factory Workers in India
14 August, 2018, C.P. Chandrasekhar & Jayati Ghosh
The number of workers in the industrial factory sector in India has grown since 2005-06, but other trends suggest that the bargaining power of such workers remains low.
Institutional Investors and Indian Markets
01 August, 2018, C.P. Chandrasekhar & Jayati Ghosh
In these uncertain times, equity markets in India seemed to be protected from extreme volatility. But the factors behind such resilience could also result in sudden stops.
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.
A Legacy of Vulnerability
12 July, 2018, C.P. Chandrasekhar & Jayati Ghosh
Outstanding foreign bank claims that accumulated during the post-crisis period of easy and cheap credit are a source of vulnerability in the new environment.
Has Donald Trump Already Changed US Trade?
19 June, 2018, C.P. Chandrasekhar & Jayati Ghosh
Donald Trump is threatening to dismantle the current world trading system, but in his first year US trading patterns show strong continuity with the previous administration.
Trump Versus the Rest
18 June, 2018, Prabhat Patnaik
Donald Trump’s protectionist stance at the G-7 summit is an example of how disunited capitalist countries are on a possible solution to the capitalist crisis. Because of the position of the US economy, Trump can afford to hold on to his protectionist policies while enlarging the fiscal deficit. What is wrong about this strategy is the possibility of long term repercussions, not just for America but for the capitalist world as a whole.

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