The task of combating inflation is wide-ranging. In particular, it requires reversing many elements of liberalisation resorted to in recent years; CP Chandrashekar says in The Hindu.
Inflation, an almost forgotten economic problem till recently, now hogs headlines. The issue shot to prominence when the headline inflation rate, as measured by annual point-to-point increases in the Wholesale Price Index (WPI), rose from less than four per cent at the end of December 2007 to more than seven per cent in the second half of March 2008.
An article by Jayati Ghosh
The relationship between oil and the US dollar has been at the heart of the way international economic relations have been organised for more than half a century. International capitalism has relied on the US dollar as the basic reserve currency, and has therefore granted it an essential degree of stability for several decades despite the large external deficits run by the US and the periodic swings in its valuation in currency markets.
The US economic slow down which is clearly slipping into a recession is bound to have serious repercussions on the global economy. More importantly, it is destined to impact on the Indian economy shattering the illusions of comfort that India is insulated from this as reflected in the President’s address to the joint session of the Parliament recently, says Sitaram Yechury, PB Member, CPI(M)
The consumption-led growth strategy weakens parallel efforts to mitigate its adverse impact on human development. An article taken from The Frontline.
THE TRANSITION FROM CRONY CAPITALISM TO CASINO IMPERIALISM. Can India escape bubble bursting shock in her economy?
Following the 1997 crisis, there was a consensus
that fundamental reform of the global
financial architecture was needed. Why has nothing
The recent cut in the benchmark interest rates by the US Federal Reserve by 75 basis points from 4.25 per cent to 3.50
per cent on January 22 and a further 50 basis points to 3 per cent on January 30 as a response to a possible recession in
the United States has completely surprised analysts across the world.How can this affect the world economy?An article taken from rediff.com
With all humility, let the Finance Minister be reminded of his government's overzealous enthusiasm for making the Indian rupee convertible on capital account. One shudders at what havoc it would have spelt for the Indian economy in the light of the current US recession.
An article taken from Indianinteracts
Joseph Stiglitz on the economic downturn
Stiglitz writes on the recession