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Impact on World Economy

Prabhat Patnaik
Wednesday 16 August, 2017
The few days old Volume II of the Economic Survey by Ministry of Finance shows a GVA growth rate much less than that of the previous year, and that too artificially boosted by seasonal variations in non-core sectors. This deceleration is most likely to continue, with growing NPAs and plunging exports, and interest rate cuts will not help in a demand-constrained economy unless the government starts thinking beyond “fiscal rectitude”.
T. Sabri Oncu
Monday 17 July, 2017
Total global debt has increased, growth has been slowing down since the onset of the global financial crisis in 2007 and has been rapidly decelerating after 2012. This may be a sign that the world has arrived at its debt carrying capacity or has even crossed it, meaning that capitalism is probably already insolvent.
Jayati Ghosh
Tuesday 27 June, 2017
Imperialism, explains the renowned economist – whether explicit or implicit – is about the struggle to control economic territories such as markets, workers and natural resources. From explicit colonial control, imperialism has today evolved into forms of “inter-imperialist rivalries” wherein instead of a “free market”, the state exercises its control to further the interest of capitalists, rather than common people.
Prabhat Patnaik
Monday 22 May, 2017
After a brief illusion of recovery in the U.S., the world economic crisis is getting accentuated. Trump administration would rather increase its fiscal deficit, if at all it does, through tax cuts than state expenditure under the hegemony of finance capital. This might further suppress consumption expenditure, already constricted by falling global wages. Such policies, paired with hostile protectionism, would make correcting over-production and hence overcoming world crisis, almost impossible.
T. Sabri Oncu
Tuesday 15 November, 2016
The global debt of the non-financial sector has reached an all-time high in 2015 and two-thirds of this debt, amounting to about $100 trillion, consists of liabilities of the private sector.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 15 March, 2016
With interest rates and bond yields turning negative in many developed countries, the efficacy of monetary policy as a countercyclical instrument is in question.
T. Sabri Oncu
Monday 15 February, 2016
Even as some insist that the global economy is in "secular stagnation" the facts suggest that we may be entering the "worst" depression in history.
Prabhat Patnaik
Tuesday 07 July, 2015
The world economy today is reminiscent of the 1930s where competitive easing of monetary policy is not boosting aggregate demand and fiscal policy is barred by finance capital.
T. Sabri Oncu
Monday 15 June, 2015
The global financial crisis that started in 2007 has never ended and now there are warnings of a looming market liquidity crisis, but when this will hit remains to be seen.
Lim Mah Hui
 
Monday 26 May, 2014
The article discusses the causes and implications of rising inequality, an issue which has become a global challenge.
 

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