National Income in India: What’s really growing? Jayati Ghosh

Recent income growth in India has been dominated by sectors that do not reflect real physical output increases – such as finance, insurance and real estate and public administration and defence.   National_Income  (Download the full text in PDF format) (This article was originally published in the Business Line on February 27, 2018.)

Rethinking Investment Provisions in Free Trade Agreements Smitha Francis

Developing country governments are increasingly resorting to comprehensive trade agreements involving profound commitments in public policy, which have wide-ranging adverse consequences on food security, industrial development, financial stability, etc. This paper analyses investment disciplines in FTAs in order to come to an understanding of their overall impact on a developing country FTA partner’s policy space, and therefore, on its development prospects. It is argued that given the links between trade and investment commitments within and across different FTAs, South-South FTAs have become as problematic as North-South FTAs. Rethinking_Investment_Provisions  (Download the full text in PDF format)

Doha Round Negotiations on Financial Services: Recent developments Andrew Cornford

This is a commentary on benchmarking together with a proposal for an alternative approach to assessing offers and commitments in WTO services negotiations. This was prepared as a background paper for negotiators, and a shorter version in two parts was published in Third World Network, SUNS - South-North Development Monitor, 9 and 12 December 2005. doha_round (Download the full text in PDF format)

The Dalian Mini Ministerial and the Road to Hong Kong: Uncertain future for WTO Parthapratim Pal and Shravani Prakash

The forthcoming Hong Kong Ministerial meet of WTO is facing a problem. Slow progress of the Doha round of negotiations has led to a large number of unresolved issues in all key areas of negotiations. A recent informal meet of prominent WTO Members at Dalian, China did not manage to make much progress. This paper takes stock of the current round of negotiations and assesses the prospect of the Hong Kong Ministerial. Dalian_Mini_Ministerial (Download the full text in PDF format)

US Economic Recovery and the Unemployment Drag Sukanya Bose

The recent recession in the US economy has produced one of the longest lasting declines in employment growth.  The paper examines why the substantial increases in government military spending have been insufficient in stimulating a revival of employment. The reasons for the low responsiveness of private business spending and hence employment are then explored. US_Economic_Recovery (Download the full text in PDF format)

WTO Annual Report 2003 Shows that Distortions in Global Trade Continue Parthapratim Pal

The WTO Annual Report 2003 shows continued distortion in the world trade regime. Presence of high subsidies in agriculture and significant market access barriers in sectors like agriculture, textiles, clothing and footwear are not allowing developing countries to benefit from WTO. WTO_Annual_Report (Download the full text in PDF format)

The Diffusion of Information Technology and the Implications for Global Development: A perspective based on the Indian Experience C.P. Chandrasekhar

This paper examines India’s experience with the growth of the Information and Communication Technology (ICT) sector and discusses various policy implications for realisation of the potential of this sector. The author argues that unless the State plays a more important role, it will be difficult to meet the challenge that the IT revolution sets for a developing country like India. it_bangalore (Download the full text in PDF format)

Services and the New Capitalism C.P. Chandrasekhar

Contrary to the “new economy” perspective, which sees in the proliferation of the services sector signs of the progressive transformation of capitalism, the dominant role of services is that of offering a larger economic space in which the process of realization of surpluses generated by monopoly capital is ensured. services_new_capitalism (Download the full text in PDF format)