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Articles

Home Articles

RCEP and China: A deal that can make a difference

  • December 15, 2020
  • C. P. Chandrasekhar
  • Trade and balance of payments, World Economy
  • 0 Comments

A month after the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement among 15 countries in the Asia-Pacific, speculation on what could be its economic and strategic fallout has waned. Attention seems to have been diverted by the more…

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Agriculture and the Free Market

  • December 14, 2020
  • Prabhat Patnaik
  • Food and Agriculture
  • 0 Comments

In the context of the on-going country-wide kisan movement for repealing Modi’s three Agriculture Bills, while an overwhelming majority of commentators have stood with the position taken by the kisans, a few, though not necessarily agreeing with Modi, have raised…

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The dangers of misplaced optimism

  • December 9, 2020
  • C. P. Chandrasekhar
  • Macroeconomics
  • 0 Comments

Preliminary evidence that India’s economy contracted by 7.5 per cent in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9 per cent contraction registered in…

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The Final Push?

  • December 9, 2020
  • C. P. Chandrasekhar
  • Finance, Macroeconomics
  • 0 Comments

A report of an internal working group (IWG) set up by the Reserve Bank of India (RBI) has revived discussion on the wisdom of allowing entry of corporate players, including large business groups, into India’s banking space. Though the process…

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A Strike against the Discourse of Unreason

  • November 30, 2020
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

The November 26 strike is significant not only because it protests against the Modi government’s brazen and unprecedented attacks on workers and peasants in the country, not only because these attacks carry forward an imperialist agenda, but for a deeper…

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Immiserisation behind the Recovery

  • November 23, 2020
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

Ministers from Narendra Modi to Nirmala Sitaraman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India which estimated the second quarter GDP growth to have been -8.6 percent, has seen…

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South Korea: Debt in the time of Covid

  • November 16, 2020
  • C. P. Chandrasekhar
  • Trade and balance of payments
  • 0 Comments

South Korea, long lauded as a “model” for developing countries looking to transit to developed status, had lost some of its sheen after the 1997 Southeast Asian financial crisis. Yet, the return of stability after the crisis and the global…

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Modi on Demonetization

  • November 16, 2020
  • Prabhat Patnaik
  • Macroeconomics
  • 0 Comments

On the fourth anniversary of demonetization, Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country…

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Tech Platforms Feel the Heat

  • November 13, 2020
  • C. P. Chandrasekhar
  • World Economy
  • 0 Comments

In a move that was expected, the US Justice Department has filed an anti-trust lawsuit against internet search giant Google, alleging that it resorts to anti-competitive practices to ensure its dominance in the search engine space and, through that, over…

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Capitalism and Inheritance

  • November 9, 2020
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from…

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