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World Economy

Home World Economy

Halting the March of Fascism in Europe

  • July 15, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

The coming to power of governments led by fascists is either a reality or a threat today over large parts of the world. In Europe at present there are several countries where fascists are leading governments; France was on the…

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AI and Employment

  • June 24, 2024
  • Prabhat Patnaik
  • Employment, World Economy
  • 0 Comments

The fundamental issue raised by Hollywood writers when they had gone on a strike against being replaced by artificial intelligence, somehow receded to the background after the resolution of that particular conflict; but it remains a fundamental issue. Much has…

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Global Diffusion of Production and the Concept of Imperialism

  • June 17, 2024
  • Prabhat Patnaik
  • Macroeconomics, World Economy
  • 0 Comments

There has been a significant diffusion of production occurring in the world economy. Many call this phenomenon a shift from a US-led world economy to a “multipolar world economy”, but no matter what one thinks of this description, the fact…

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What the Indian Election Result means for Europe

  • June 10, 2024
  • Jayati Ghosh
  • Political Economy, World Economy
  • 0 Comments

Against all odds, in the elections to India’s parliament, whose results were announced last week, the opposition I.N.D.I.A. alliance managed to prevent the rampaging ruling party, Narendra Modi’s Bharatiya Janata Party (BJP), from securing a majority on its own. In…

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Chicanery versus Humanity

  • May 20, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

The current protests in US university campuses demanding “divestment” from firms linked to Israel’s military machine, are reminiscent of the protests that had swept these campuses in the late sixties and early seventies demanding an end to the Vietnam war.…

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Water Flowing Upwards: Net financial flows from developing countries

  • April 30, 2024
  • Jayati Ghosh
  • Finance, World Economy
  • 0 Comments

Once again, low and middle income countries (LMICs) are at the brutal receiving end of the fickle trajectory of international capital flows. As Figure 1 indicates, net financial flows to such countries, which increased rapidly after the Global Financial Crisis…

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The Collapse of Neoliberal Privatisation

  • April 19, 2024
  • C. P. Chandrasekhar
  • Economy and Society, World Economy
  • 0 Comments

Thames Water, one of England’s many regional water monopolies, infamously privatised by Margaret Thatcher in the 1980s and symbolising the dramatic turn in economic policy that neoliberalism implied, is finally collapsing. Unable to mobilise £500 million from shareholders who have…

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In the Name of the South: India’s aggressive economic diplomacy

  • March 26, 2024
  • C. P. Chandrasekhar
  • Political Economy, World Economy
  • 0 Comments

India’s government has since the year of its G20 Presidency claimed to have restored the country’s role as the ‘Voice of the South’ in global dialogues. That is often backed up by reference to its efforts to focus attention on…

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Subtle War at the WTO

  • March 7, 2024
  • C. P. Chandrasekhar
  • Trade and balance of payments, World Economy
  • 0 Comments

At the time of writing, the 13th ministerial meet of the World Trade Organisation (WTO) is under way in Abu Dhabi. Among the many issues that are being discussed are two of concern for less developed countries generally and India…

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Maldives: Debt and dependence

  • February 20, 2024
  • C. P. Chandrasekhar
  • Finance, World Economy
  • 0 Comments

As the distance between Maldives and India widens, with the latter being asked to withdraw its uniformed personnel stationed in the former, questions are being asked about how Maldives will manage without India’s help on the economic and regional security…

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