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Political Economy

Home Political Economy

The Kazan Summit of BRICS

  • November 11, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

The Kazan summit of the BRICS countries was a historic one for several reasons: first, it created a new category called “partner nations” as a step towards full membership, and accepted 13 such new “partner” countries, among whom were Cuba…

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Household Debt Stress: Fear in the “Good Times”

  • October 1, 2024
  • C. P. Chandrasekhar and Jayati Ghosh
  • Finance, Political Economy
  • 0 Comments

The financial media in India and abroad are flagging the likelihood of a meltdown in India’s financial sector, resulting from large scale defaults on personal loans. Even the Financial Times of London has chosen to devote considerable column space to an article…

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The Bizarre State of Western Democracy

  • September 9, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

During the entire post-war period when it has been in existence in the metropolitan countries, democracy has never been in as bizarre a state as it is today. Democracy is supposed to mean the pursuit of policies that are in…

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The Criminality of Unilateral Sanctions

  • September 2, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

During Modi’s visit to Ukraine (why he visited Ukraine at all at the present time remains a mystery), Zelensky asked India not to purchase fuel from Russia in violation of western sanctions, that is, to fall in line with the…

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The Ecommerce U-turn

  • September 1, 2024
  • C. P. Chandrasekhar
  • Industry, Political Economy
  • 0 Comments

Recently Congress President Mallikarjun Kharge quipped that the ‘U’ in UPS (Unified Pension Scheme) stands for U-Turn. While that may be seen as stretching interpretative liberty, he was touching a raw nerve. Whether it be lateral entry into the civil…

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The Transient “Miracles”

  • August 26, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

A Good deal of analysis of the recent political upheaval in Bangladesh has focussed on the high-handedness and authoritarianism of Sheikh Hasina’s government; it has either missed altogether, or generally underplayed, the change that has occurred in the economic situation…

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From protests and suspensions to Noam Chomsky: The decline of South Asian University

  • August 22, 2024
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

The latest controversy in the South Asian University, over an interview with a philosopher mentioned in a student’s research proposal that resulted in severe backlash and eventual resignation of an eminent foreign professor, would appear to be ludicrous if it…

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Politics over the Purse

  • August 21, 2024
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

India’s quasi-federal democracy, which was in danger of collapsing into a centralised authoritarianism, seems to be holding up. The results of the 2024 Lok Sabha election that reduced the brute majority of the National Democratic Alliance fronted by the BJP,…

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Lessons from Bangladesh’s Uprising

  • August 14, 2024
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

The popular insurrection that ousted Bangladeshi Prime Minister Sheikh Hasina and her Awami League government offers important lessons for the international community and neighboring India. While the unrest was undoubtedly fueled by the regime’s repressive and increasingly anti-democratic tactics, exemplified…

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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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