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About Jayati Ghosh

Jayati Ghosh is professor of economics at Jawaharlal Nehru University, New Delhi, and the executive secretary of International Development Economics Associates (IDEAS). She is closely involved with a range of progressive organisations and social movements. She has written for Monthly Review and blogs at triplecrisis.com and networkideas.org/jayati-blog.
  • A guide to flattening the curve of economic chaos

    A guide to flattening the curve of economic chaos

    Originally published: The Hindu on September 3, 2020 (more by The Hindu)  |

    Well-thought-out policies can reverse the results of incompetence; the onus is on the Centre to spend now

  • In a profoundly invigorating keynote speech, Professor Jayati Ghosh, Chairperson of the Centre for Economic Studies and Planning at the of Jawaharlal Nehru University. (Photo: YSI- Young Scholars Initiative)

    Why do we need to Transform Economics, and how do we do it?

    Originally published: IDEA's (International Development Economics Associates) on August 16, 2020 (more by IDEA's (International Development Economics Associates))  |

    First, a lot of it is simply wrong: that is, it is misleading about how economies work and the implications of economic policies and processes. For decades now, a significant and powerful lobby within the discipline has peddled half-truths and absolute falsehoods on many critical issues.

  • Clash of the titans The US-China conflict has adversely affected global investments and supply chains

    COVID-19 adds new dimensions to U.S.-China trade war

    Originally published: The Hindu Business Line on May 19, 2020 (more by The Hindu Business Line)  |

    The Trump regime is ratcheting up its protectionist rhetoric vis-à-vis China. If this leads to new sanctions, it would worsen the COVID-induced trade crisis rather than help the U.S.

  • Bleak future Economic scenario may worsen in the coming months - sorbetto

    Growth figures underscore economic crisis amidst COVID

    Originally published: The Hindu Business Line on May 6, 2020 (more by The Hindu Business Line)  |

    Early evidence on the intensity and drivers of the COVID-induced crisis in the U.S. and Europe suggests that the official response may lengthen the recession and delay recovery

  • People waiting for ration packets in New Delhi during India's national lockdown (Sanchit Khanna/Hindustan Times via Getty Images)

    The pandemic and the global economy

    Originally published: Dissent Magazine on April 20, 2020 (more by Dissent Magazine)  |

    Developing countries face collapsing international trade, falling remittances, sharp reversals of capital flows, and currency depreciation. Only bold policies—debt relief, international financing, planning, and more—will avert further catastrophe.

  • BAKU, AZERBAIJAN - OCTOBER 26: (FILE PHOTO) Ageing infrastructure, leaking crude oil and debris from decades of extraction, litter an oil field, October 26, 2006 in Baku, Azerbaijan. Oil-rich Azerbaijan gained independence from the Soviet Union in 1991, and its wealth of oil has been responsible for both its development and success, as well as its status as one of the most polluted environments in the world. Azerbaijan have joined the Ukraine in the construction of the Odessa - Brody pipeline, to provide Europe with 6-7 million tones of oil each year and will reduce dependence on giant Russian energy firm, Gazprom. (Photo by Wojtek Laski/Getty Images)

    The COVID-19 debt deluge

    Originally published: Project Syndicate on March 16, 2020 (more by Project Syndicate)  |

    How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone’s guess. But even if the pandemic’s economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front lines of the outbreak.

  • Fine Gold (Global Intergold)

    No escape from low growth

    Originally published: IDEAs (International Development Economics Associates) on February 11, 2020 (more by IDEAs (International Development Economics Associates))  |

    Discussions on the state of the world economy centre around the likely negative impact of the novel coronavirus epidemic and the potential positive effect of the truce reflected in the “phase 1” trade deal between China and India.

  • ``

    The growing threat of water wars

    Originally published: Project Syndicate on November 13, 2019 (more by Project Syndicate)  |

    In 2015, United Nations member states adopted the Sustainable Development Goals, which include an imperative to “ensure availability and sustainable management of water and sanitation for all.” Yet, in the last four years, matters have deteriorated significantly.

  • Global wealth inequality

    Jayati Ghosh Says More…

    Originally published: Project Syndicate on August 2019 (more by Project Syndicate)  |

    “Economic policy globally has become heavily distorted in favor of the rich, with governments increasingly beholden to corporate interests, and thus highly resistant to progressive policies.”

  • Agustin Marcarian/AFP/Getty Images Comments 3 Add to Bookmarks English Facebook Twitter Whatsapp The IMF’s Latest Victims

    The IMF’s latest victims

    Originally published: Project Syndicate on August 14, 2019 (more by Project Syndicate)  |

    In 2013, the International Monetary Fund produced a report acknowledging that it had “underestimated” the effects that austerity would have on Greece’s economy. Yet the Fund has made the same mistakes in its subsequent deals with Argentina and Ecuador.

  • The Exploitation Time Bomb

    The exploitation time bomb

    Originally published: Project Syndicate on July 16, 2019 (more by Project Syndicate)  |

    Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality–posing a threat not only to economic growth, but also to democracy.

  • U.S. - China (flickr)

    Disruption in the world of trade

    Originally published: IDEAs (International Development Economics Associates) on June 6, 2019 (more by IDEAs (International Development Economics Associates))  |

    What is noteworthy is that the deceleration in import volume growth has been particularly marked in the emerging economies of Asia and Latin America, pointing to a loss of momentum in the countries that were expected to be new growth poles in the immediate aftermath of the 2007 crisis.

  • Dark clouds Power finance is a vocal opponent of the use of a fiscal stimulus - Bloomberg

    Vanishing green shoots and the possibility of another crisis

    Originally published: The Hindu Business Line on April 8, 2019 (more by The Hindu Business Line)  |

    Governments and central banks that were upbeat about global economic recovery are turning pessimistic. A coordinated fiscal stimulus across nations is the need of hour.

  • Wiktor Szymanowicz : Barcroft Media via Getty Images

    The political roots of falling wage growth

    Originally published: Project Syndicate on December 31, 2018 (more by Project Syndicate)  |

    It’s now official: workers around the world are falling behind. The International Labor Organization’s (ILO) latest Global Wage Report finds that, excluding China, real (inflation-adjusted) wages grew at an annual rate of just 1.1% in 2017, down from 1.8% in 2016. That is the slowest pace since 2008.

  • How should fashion prepare for global instability? businessoffashion.com

    Global instability and the development project: is the twenty-first century different?

    Originally published: IDEA's (Independent Development Economics Associates) on September 19, 2018 (more by IDEA's (Independent Development Economics Associates))

    Ever since the global financial crisis of 2008–2009, the trajectory of the world economy has been hesitant, unstable and prone to many risks. Output recovery has been limited and fragile; and, more significantly, even in the more dynamic economies, it has not increased good-quality employment or reduced inequality and material insecurity.

  • NSSOAn NSSO survey shows that in rural areas, the average trip to the water source takes 20 minutes and there is a 15­minute waiting time and it takes several trips to meet the water needs.(PTI File Photo)

    Why clubbing employment and work in India is misleading

    Originally published: Hindustan Times on September 7, 2018 (more by Hindustan Times)  |

    This lack of distinction explains the decline in women’s workforce participation rates. The decline reflects a shift from paid to unpaid work.

  • No decoupling Post the crisis, the developing world has become much more dependent upon growth in advanced economies - Aslan Alphan

    Did developing countries recover from the global crisis?

    Originally published: The Hindu Business Line on July 16, 2018 (more by The Hindu Business Line)  |

    A decade after the Global Financial Crisis, developing countries still bear the scars in the form of lower growth and investment rates.

  • Had donald Trump already changed US trade

    Has Donald Trump already changed U.S. trade?

    Originally published: The Hindu Business Line on June 18, 2018 (more by The Hindu Business Line)  |

    Trump is threatening to dismantle the current world trading system, but in his first year US trading patterns show strong continuity with the previous administration.

  • Metal globe resting on paper currency

    The true face of the global recovery

    Originally published: International Development Economics Associates on April 10, 2018 (more by International Development Economics Associates)

    Optimistic assessments of the synchronised recovery across the world economy ignore the factors driving the weak upturn that make it fragile.

  • Do Purchasing Power Parity exchange rates mislead on incomes? The case of China

    Originally published: IDEAS on December 5, 2017 (more by IDEAS)  |

    Ever since Larry Summers and Alan Heston produced what become known as the “Penn World Tables” comparing prices and thereby the purchasing power of currencies across countries, the urge to use some deflator of market exchange rates to compare incomes across countries has been strong.

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Also By Jayati Ghosh in Monthly Review Magazine

  • Climate Imperialism in the Twenty-First Century July 01, 2022
  • The Creation of the Next Imperialism July 01, 2015
  • Women, Labor, and Capital Accumulation in Asia January 01, 2012

Books By Jayati Ghosh

  • Capital Accumulation and Women’s Labor in Asian Economies April 30, 2008

Monthly Review Essays

  • Extractivism in the Anthropocene
    John Bellamy Foster Dio Cramer

    Late Imperialism and the Expropriation of the Earth.

Lost & Found

  • End of Cold War Illusions
    Harry Magdoff F-16N Fighting Falcon

    In this reprint of the February 1994 “Notes from the Editors,” former MR editors Harry Magdoff and Paul M. Sweezy ask: “The United States could not have won a more decisive victory in the Cold War. Why, then, does it continue to act as though the Cold War is still on?”

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