-MainstreamWeekly.net Chinese import have thrown a spanner in the wheel of India’s economic progress per se and industrial manufacturing in particular. The Chinese import is so hard hitting on Indian industry that many manufacturers have become traders. The impact of Chinese goods has been such that India is threatened to become a country of importers and traders with domestic factories either cutting down production or shutting down completely...The country can...
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Thomas Piketty, Professor of Economics at Paris-based School of Advanced Studies in the Social Sciences and expert on inequality, interviewed by Narayan Lakshman (The Hindu)
-The Hindu Nationalism is not going to solve the big problems, says the economist. If the catastrophic human toll of the ongoing COVID-19 pandemic was the first wave to strike the world this year, its severe economic consequences – including loss of livelihoods of the poor across countries, leading to massive internal displacement and starvation in many cases – have been the second wave. It is in this context that the seminal work...
More »Suggested resources to understand the COVID-19 crisis better
These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...
More »Coronavirus Will Upend the 'Profits Over People' Mantra of Globalisation -Maitreesh Ghatak
-TheWire.in Our relentless pursuit of economic growth poses serious risks not just to the environment but also to public health. The COVID-19 pandemic is first and foremost a public health crisis, but it brings along with it an economic crisis that is no less devastating. The public health crisis and the economic crisis are closely interrelated, especially in a country like India. India’s healthcare system lacks the resources to withstand the potential...
More »No, Coronavirus crisis is no turning point for Globalisation -Sanjaya Baru
-The Indian Express In the short term, there will be flight to safety of people worried about a pandemic, as there is of capital during a financial crisis. When normalcy returns, the globalised Indian will fly away once again. As people return home from distant lands, global value chains get disrupted and cross-border movement comes to a grinding halt, new theories are being propounded about the end of Globalisation and the return...
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