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Monthly Archives: January 2024

Home 2024 January

The Scourge of Unemployment

  • January 29, 2024
  • Prabhat Patnaik
  • Economy and Society, Employment
  • 0 Comments

The unemployment situation is worse today than it has ever been in post-independence India. There are two distinct elements that have contributed to this situation. One is the fact that the output recovery from the fall caused by the pandemic-linked…

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The IMF and the Argentinian Right

  • January 25, 2024
  • C. P. Chandrasekhar
  • Economy and Society, World Economy
  • 0 Comments

On January 10, the IMF announced its decision to release $4.7 billion out of a $57 billion bailout package sanctioned in 2018 to perennially debt-distressed Argentina, then under a right-wing government headed by Mauricio Macrio. That surprised some. Going by…

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World Economy: Out of control

  • January 23, 2024
  • C. P. Chandrasekhar
  • Macroeconomics, World Economy
  • 0 Comments

Early in 2024, the World Bank in its flagship report Global Economic Prospects, put out a message of gloom. This year could end marking “a wretched milestone: the weakest global growth performance of any half-decade since the 1990s”. Between 2021, when…

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The Theoretical Significance of Lenin’s Imperialism

  • January 22, 2024
  • Prabhat Patnaik
  • Economy and Society, World Economy
  • 0 Comments

The significance of Lenin’s Imperialism lay in the fact that it totally revolutionised the perception of the revolution. Marx and Engels had already visualised the possibility of colonial and dependent countries having revolutions of their own even before the proletarian…

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Lessons from a Zambian standoff

  • January 19, 2024
  • Prabhat Patnaik
  • Economy and Society, World Economy
  • 0 Comments

The recent collapse of the protracted negotiations to restructure Zambia’s external debt, following a default in November 2020, underlines the failure of the prevailing international financial architecture to address global challenges. Not only has the structure not been adapted to…

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The Question of Pensions

  • January 15, 2024
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

We observe a strange phenomenon everyday, so strange that its strangeness goes generally unnoticed. Government spokespersons from the prime minister downwards go on repeating ad nauseam that India is the most rapidly growing major economy in the world today, that…

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The Unpaid Workers who are Described as “Employed”

  • January 9, 2024
  • Jayati Ghosh
  • Economy and Society, Employment
  • 0 Comments

There has been much excitement recently at the supposedly significant recent increase in work participation rates in India, which is being heralded as a sign of the success of the current government’s economic policies. How significant is this increase in…

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What “Dollarisation” Entails

  • January 8, 2024
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

Argentina’s new president Javier Milei proposes to use US dollars as the currency of his country, while abolishing its central bank altogether. What is involved in this proposal is not just maintaining a fixed exchange rate between the dollar and…

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An Education Policy for Colonising Minds

  • January 1, 2024
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Imperialist hegemony over the third world is exercised not just through arms and economic might but also through the hegemony of ideas, by making the victims see the world the way imperialism wants them to see it. A pre-requisite for…

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