Care Work as the Work of the Future C.P. Chandrasekhar and Jayati Ghosh

As technological change threatens many different kinds of jobs, the significance of direct face-to-face interaction required in much care work means that it is unlikely to be as adversely affected.…

The Economics of Political Change in Developed Countries Jayati Ghosh

Across the world, people have been watching recent political changes in developed countries with a mixture of bemusement and shock. From the recent anointment of Donald Trump as the Republican…

Britain’s vote to leave the European Union adds to the uncertainty in the world economy and the unfolding crisis in the region will inevitably affect developing countries as well. This section presents analyses of the vote on Brexit and its implications for Britain, for the European Union and for the global economy.

Why the European Union should be Even More Worried about Brexit C.P. Chandrasekhar and Jayati Ghosh

The economic pressures that may have driven the Brexit vote are also evident in other…

The Brexit is Not Gender Neutral Gabriele Kohler

This article highlights the gendered implications of the Brexit vote- what it means for women…

What Next for the EU? Jayati Ghosh

Even before the results of the UK referendum, the European Union was facing a crisis…

After Brexit C.P. Chandrasekhar

Britain has voted to leave the European Union (EU). And the managers of global capitalism…

Brexit Earthquake has Many Ruptures Radhika Desai

The Brexit vote was a momentous political earthquake and the seismic shifts that caused it…

Brexit: A revolt against the hegemony of globalized finance Prabhat Patnaik

Almost all commentators on the British electorate’s vote to leave the European Union, whether from…

The announcement of a BRICS development bank in the context of the ongoing global economic turmoil assumes a special significance. Some perceive it as an alternative to the already discredited World Bank with its North Centric leadership resulting in a dogmatic imposition of neo-liberal conditionalities on the indebted South; many assume this as a watershed, signaling the shift in global economic governance from the traditional powerhouses of the North to the newly emerging powerhouses of the South; while others perceive it as a tool to be used by the member countries to increase their influence in their respective Southern pockets.

This section includes articles analysing the emergence of BRICS Development Bank and its possible implications for global economic governance, regional impact of the BRICS nations, and other repercussions.

Why does Brazil’s Banking Sector Need Public Banks? What should the BNDES do? Felipe Rezende

Development Finance in BRICS Countries Published by the Heinrich Boll Foundation

Banking with a Difference C.P. Chandrasekhar

The BRICS Bank Prabhat Patnaik

The BRICS Bank: Part of a new financial architecture (II) Oscar Ugarteche

The BRICS Bank: Part of a new financial architecture (I) Oscar Ugarteche

BRICS Gains Currency in Brazil Biswajit Dhar

Using the Potential of BRICS Financial Co-operation Jayati Ghosh

To commemorate 10 years of International Development Economics Associates (IDEAs), we are organizing a Conference titled ”Global Economy in a Time of Uncertainty: Capitalist trajectories and progressive alternatives” in Muttukadu, Chennai, during 24-26 January 2012, and a Seminar titled ”Whither Global Capitalism” in the Convention Center, Jawaharlal Nehru University (JNU), Delhi, during 28-29 January 2012. This section contains the contributions by the participants in the two events.

International Seminar on “Whither Global Capitalism?” Jawaharlal Nehru University, New Delhi, 28-29 January 2012

International conference on ”The Global Economy in a Time of Uncertainty: Capitalist trajectories and progressive alternatives” Muttukadu, Chennai, India, 24-26 January, 2012.

Notes on Land, Long Run Food Security and the Agrarian Crisis in India Sheila Bhalla

A Proposal for a Growth and Fiscal Compact Mario Tonveronachi

Resolving the Food Crisis: Assesing global policy reforms since 2007 Timothy A. Wise and Sophia Murphy

Following the financial crisis, much has been done for preventing systemic failure in the financial sector, stalling economic downturn and ensuring a recovery. However, the adequacy and appropriateness of the measures adopted remain questionable. As far as reforming the financial sector is concerned, despite a spate of proposals, agreement on the appropriate mix of policies and the progress with implementation have been limited. This section presents papers and articles that analyse the adequacy of various proposals and measures, the challenges that could arise at the time of implementation and advocate additional or alternative measures. Some of these papers also take a renewed look at the veracity of the arguments given for explaining the genesis of the crisis.

Further Reflections from a Reforming Indian Central Banker Andrew Cornford

Capital Account Regulations and the Trading System: A compatibility review Edited by: Kevin P. Gallagher

Insolvency Protection and Fairness for Greece: Implementing the Raffer Proposal Kunibert Raffer

It is now more than two years since the sub-prime lending crisis in the US mortgage sector came to light. The unprecedented financial crisis in the developed world brought with it the end of the illusion of the market being ”efficient”. This section presents papers and articles that seek to explain the causes and consequences of the U.S. sub-prime mortgage crisis. Through a critique of the underlying structure and dynamics of deregulated finance, they analyse how this crisis led to a generalized credit crunch in other financial sectors and ultimately affected the world economy at large. There are also theoretical papers that explore the related issues, all of which provoke a fundamental rethink on financial liberalisation in order to reduce the systemic and global instability associated with it.

From Marx to Morgan Stanley: Inequality and financial crisis Michael Lim Mah-Hui and Khor Hoe Ee

The Myth of the ”Sub-prime” Crisis Prabhat Patnaik

Should Greece Follow Estonia’s Example? Rainer Kattel

  • Social Mobility in Latin America, Sub-Saharan Africa and Asia
    • Social Mobility in Latin America, Sub-Saharan Africa and Asia

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  • Prabhat Patnaik speaks on the Greek crisis and the political implications of ‘No vote’
    • Prabhat Patnaik speaks on the Greek crisis and the political implications of ‘No vote’

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International Conference on “Financial Instability and Inequality in an Economically Integrated World”, Tsinghua Sanya International Mathematics Forum (TSIMF), Phoenix Town, Sanya, Hainan, P. R. China, 22-24 February 2016.

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