Time is Running out for a New Agricultural Model for the Global South Jayati Ghosh
Climate change is posing immediate threats to humanity, and indeed to all living organisms on the planet, in extreme weather events across the globe. Other environmental stresses include rising water levels or falling water tables, desertification and salination. Agriculture—especially industrial agriculture requiring chemical inputs—is cause and victim of these changes. Cultivation patterns such as mono-cropping, with heavy reliance on groundwater and chemical inputs, have reduced the food sovereignty of poor countries and generated growing environmental problems. These, along with the impact of climate change, have affected food security and caused more severe and widespread hunger, so that the number of…
Feminist Economics with Jayati Ghosh Five part lecture series
In this five-part lecture series, the renowned scholar guides us through the field of feminist economics and shows how our understanding of the economy, theory and policy changes with the adoption of a gender perspective. PART 1 It’s Not Just Biology In this first lecture in the Institute for New Economic Thinking’s “Feminist Economics” series, Professor Jayati Ghosh introduces the importance of a gender perspective in economics. It begins with the recognition of "care work", that is the unpaid labor time undertaken primarily by women in the care of children and other members of the family. This produces a gender…
How Dynamic is Global Capitalism? C. P Chandrasekhar and Jayati Ghosh
Capitalism is supposed to be all about economic growth, through the dynamism that is created by competition. This growth is meant to be driven by investment (or accumulation) which in turn is used to justify the shares of national income that are delivered to private profits, to the owners of capital. “Accumulate, accumulate! That is Moses and the prophets” famously said a certain Karl Marx in the first volume of Capital more than 150 years ago. It is undeniable that investment is the fundamental driving force of capitalism. Of course, there have been and continue to be many naysayers, who…
The Interlinkages between Paid and Unpaid Labour: A Homage to Krishna Bharadwaj Jayati Ghosh
In this article, Jayati Ghosh attempts to extend Krishna Bharadwaj’s insight on interlinked rural markets to the analysis of the interlinkages between paid and unpaid economic activities; in other words, between work and employment. Specifically, Jayati Ghosh argues that the gendered division of labour in India creates much greater involvement in unpaid labour for women, which in turn has direct and pervasive implications for their involvement in paid employment. Indeed, the interlinkage between the two is so profound that it is impossible to understand trends in one without assessing trends in the other. Click here for full article (This article…
Specter of Stagflation Hangs over Emerging Markets Jayati Ghosh
Spare a thought for finance ministers and central bankers in the developing world. They probably heaved sighs of relief when the U.S. Federal Reserve decided against raising interest rates at its latest meeting on July 28. Yet they know that the reprieve is only temporary. Even though the delta variant of the COVID-19 virus could slow down the economic recovery, the relevant question is not if the Fed will tighten U.S. monetary policy, but when. When that happens, it will inevitably add to the current woes of emerging markets, which are already severe and complicated. Over past decades, these countries…
Diversifying Economics Globally – Part I Organised by International Economic Association (IEA) - Economics for Inclusive Prosperity (EfIP)
Moderated by Dani Rodrik (Harvard) Panelists: Claudio Ferraz (UBC and PUC-Rio) Jayati Ghosh (UMass Boston) Arjun Jayadev (Azim Premji University and INET) Leonard Wantchekon (Princeton and African School of Economics) This is the first in a series of online conversations. For more details, visit: http://www.iea-world.org/activities/diversifying-economics-globally/discussion-panels/
Panel on Globalization International Economic Association Online World Congress, Indonesia 2- 6 July, 2021.
Chair: Joseph Stiglitz (Columbia University) Speakers: Kaushik Basu (Cornell University) Dani Rodrik (Harvard University) Jayati Ghosh (University of Massachusetts) Rohinton Medhora (CIGI)
Panel on Asia’s Transformation International Economic Association Online World Congress, Indonesia 2- 6 July, 2021.
Chair: Andrew Sheng (University of Hong Kong) Speakers: Danny Quah (National University of Singapore) Jayati Ghosh (University of Massachusetts) Eisuki Sakakibara (President of the Institute for the Indian Economic Studies) Mari Pangestu (World Bank)
Apocalypse or Cooperation? Jayati Ghosh
The perfect storm of Covid-19 and climate change delivers the glaring message that the apocalypse is now. The novel coronavirus mutates into more transmissible, drug-resistant variants, while climate catastrophe plays out in real time. Click here for full article. (This article was originally published in the Project Syndicate on August 12, 2021)
The Urgent Need for an Urban Employment Guarantee Scheme C. P. Chandrasekhar and Jayati Ghosh
At long last and more than a year after the need for such a scheme became obvious a parliamentary committee has recommended the institution of an urban employment scheme at the national level. The Standing Committee on Labour stated in its report of 3 August 2021 that “there is an imperative need for putting in place an Employment Guarantee Programme for the urban workforce in line with MGNREGA.” (Incidentally, the Committee also came down on the central government for failing to collect data on the number and conditions of migrant workers, who experienced such suffering during the first lockdown.) The…