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Development Economics

Home Development Economics

Seventy Years after Bandung, the Global South is still waiting for Independence

  • May 27, 2025
  • C. P. Chandrasekhar
  • Development Economics, Political Economy
  • 0 Comments

This April marked the 70th anniversary of the Bandung Conference held in Indonesia that brought together high-level representatives from 29 countries, most of which had won independence from colonial rule riding the wave of decolonisation that accompanied the onset and…

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What’s Really Happening with Women’s Employment in India?

  • January 7, 2025
  • C. P. Chandrasekhar and Jayati Ghosh
  • Development Economics, Employment
  • 0 Comments

The most recent annual report of the NSSO’s Periodic Labour Force Surveys indicate an increase in aggregate employment rates, after a prolonged period of decline and/or stagnation since 2011-12. This is dominantly due to a significant recovery and rise in…

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Trump’s Threat of a Tariff Wall

  • December 30, 2024
  • Prabhat Patnaik
  • Development Economics, World Economy
  • 0 Comments

Donald Trump is threatening to use tariffs as a weapon against other countries. He has already made three threatening statements: first, he threatened the BRICS countries that if they dared to move away from the dollar, then they would have…

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Signals from the Banking Sector

  • December 24, 2024
  • C. P. Chandrasekhar and Jayati Ghosh
  • Development Economics, Monetary Policy, Political Economy
  • 0 Comments

The sense in business circles, that demand is weak and growth is slowing down, was confirmed when GDP figures for the second quarter (July-September) of financial year 2024-25 showed growth at 5.4 per cent. This was well below forecasts of…

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What does “Global Growth” actually Mean?

  • December 10, 2024
  • Jayati Ghosh and C. P. Chandrasekhar
  • Development Economics, Macroeconomics, World Economy
  • 0 Comments

It’s common to hear analysts talk of “global growth” in a way that suggests that everyone in the world is affected by it equally. Of course, it is well known that this is not true either across or within national…

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Budget 2024-25: A Frightening Obduracy

  • July 29, 2024
  • Prabhat Patnaik
  • Development Economics, Employment, Finance
  • 0 Comments

There is massive unemployment in the country that especially afflicts the youth; there is a huge and persistent inflation in food prices; there is acute and unprecedented rural distress; there is a crisis in the petty production sector; and income…

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India’s Development Prospects

  • July 22, 2024
  • C. P. Chandrasekhar
  • Development Economics, Political Economy
  • 0 Comments

In the search for the next country that would transit from backward to advanced nation status, India’s name sometimes features. This is partly because the idea has been mooted by Prime Minister Narender Modi, who promises to make India a…

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Capitalist Trap for Scientific Advances

  • March 18, 2024
  • Prabhat Patnaik
  • Development Economics, Monetary Policy
  • 0 Comments

There is a paradox at the core of the efflorescence of science that has occurred over the last millennium. In essence this efflorescence has the potential to increase human freedom immensely. It increases the capacity of man within the man-nature dialectic; scientific…

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Settler Colonialism under a Shroud of Victimhood

  • November 20, 2023
  • Prabhat Patnaik
  • Development Economics, World Economy
  • 0 Comments

The eighteenth and nineteenth centuries had witnessed the emergence of two different paradigms of colonialism: the first, of which India was the classic example, involved the conquest of countries which had had a history of established central administrations that were…

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Genocide in Gaza

  • October 23, 2023
  • Prabhat Patnaik
  • Development Economics, World Economy
  • 0 Comments

In response to the attack by Hamas on October 7, Israeli forces have not only pounded the Gaza strip with massive bombing, killing nearly 2000 Palestinians and wounding at least 7000 (till Friday night), but have cut off all supplies…

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New on Macroscan
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  • The EU-India FTA is a net loss for India’s Future February 6, 2026
  • What’s Really Going on in the Indian Economy? February 5, 2026
  • China’s Trade Relations Need Reform January 21, 2026
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