Jayati Ghosh

Executive Secretary of International Development Economics Associates


NEW DELHI – In the natural world, humans stand out for the complexity of the tools, technologies, and institutions that we have developed. According to the anthropologist Joseph Henrich, we owe this success to our ability to accumulate, share, and adapt cultural information across generations. But just as interconnection causes our “collective brains” to expand over time, isolation can cause them to shrink. Economists should take note
14 октября 2019 4 мин. 8450
NEW DELHI – At the United Nations General Assembly meetings in New York later this month, world leaders will discuss a host of important issues – not least progress toward meeting the UN’s 17 Sustainable Development Goals. And some of the SDGs are highly topical, including those on climate action, decent work and economic growth, quality education, and partnerships to achieve the goals
18 сентября 2019 4 мин. 10877
NEW DELHI – The process of selecting the International Monetary Fund’s next managing director must change. In particular, the tradition of choosing a European for the post – based on an unfair and anachronistic “gentlemen’s agreement” reached with the United States when the institution was established 75 years ago – needs to be discarded. But even more important, the IMF’s longstanding approach to lending should be transformed
19 августа 2019 5 мин. 10534
NEW DELHI – Since reducing inequality became an official goal of the international community, income disparities have widened. This trend, typically blamed on trade liberalization and technological advances that have weakened the bargaining power of labor vis-à-vis capital, has generated a political backlash in many countries, with voters blaming their economic plight on “others” rather than on national policies. And such sentiments of course merely aggravate social tensions without addressing the root causes of worsening inequality
18 июля 2019 4 мин. 5574
NEW DELHI – Sharp price increases for essential and life-saving medicines have generated a political backlash against the pharmaceutical industry in the United States. In February, the US Senate Committee on Finance scolded industry representatives for pursuing policies that are “morally repugnant.” Since then, 44 US state governments have filed a lawsuit against Israel-based Teva Pharmaceuticals and 19 other companies, alleging conspiracy to stifle competition for generic drugs and illegal profiteering from over 100 different medicines
12 июня 2019 5 мин. 6254
NEW DELHI – Much has been written about the consequences of China’s Belt and Road Initiative (BRI), especially for the developing countries of Asia. Yet another, equally consequential phenomenon has gone largely unnoticed: China’s upending of trade relationships with those countries
20 мая 2019 5 мин. 6052
NEW DELHI – For some time now, multinational companies (MNCs) have been gaming the rules of the global economy to minimize their tax liability – or even eliminate it altogether. And for some time now, the Independent Commission for the Reform of International Corporate Taxation (ICRICT) has argued for the unitary taxation of MNCs. Fortunately, there have been some encouraging recent signs that the idea of a unitary tax is gaining traction
17 апреля 2019 5 мин. 9160
Confounding the grim prediction made by the British economist Thomas Malthus in 1798, the world currently produces more than enough food for a population that has increased almost tenfold since then
18 марта 2019 5 мин. 8187
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It is difficult to see any winners in the ongoing war caused by Russia’s irrational and devastating invasion of Ukraine
12 марта 2022 5 мин. 37352
NEW DELHI – The main factor limiting the global recovery is not the much-discussed increase in inflation in advanced economies, which is likely to be transient, but rather the massive inequalities between most rich countries and the rest of the world, with the exception of China
20 февраля 2022 5 мин. 34383
The latest report from the Intergovernmental Panel on Climate Change should terrify policymakers and ordinary people around the world
17 апреля 2022 5 мин. 28065
Many people around the world already consider the United Nations Climate Change Conference (COP26) in Glasgow a disappointment
18 ноября 2021 5 мин. 24628
NEW DELHI – Around the world, governments are succumbing to the allure of biometric identification systems. To some extent, this may be inevitable, given the burden of demands and expectations placed on modern states. But no one should underestimate the risks these technologies pose
17 февраля 2020 5 мин. 22171
Globally, the richest 10% of the population is responsible for more than half of all CO2 emissions
19 декабря 2021 5 мин. 16347
Kim Stanley Robinson’s prescient science-fiction novel The Ministry for the Future begins with a stark description of a major heat wave in a northern Indian city that kills millions of people
21 мая 2022 5 мин. 14408
NEW DELHI – The COVID-19 pandemic has thrust the entire world – rich and poor – into uncharted territory, prompting extraordinary policy responses almost everywhere. The looming economic fallout will be more severe than that of the Great Depression, the 2008 global financial crisis, and perhaps even the two world wars. After all, none of these previous epochal crises involved a simultaneous global collapse of both demand and supply, with little certainty of how long the sudden stop would persist
13 апреля 2020 5 мин. 13877
NEW DELHI – At the United Nations General Assembly meetings in New York later this month, world leaders will discuss a host of important issues – not least progress toward meeting the UN’s 17 Sustainable Development Goals. And some of the SDGs are highly topical, including those on climate action, decent work and economic growth, quality education, and partnerships to achieve the goals
18 сентября 2019 4 мин. 10877
NEW DELHI – The process of selecting the International Monetary Fund’s next managing director must change. In particular, the tradition of choosing a European for the post – based on an unfair and anachronistic “gentlemen’s agreement” reached with the United States when the institution was established 75 years ago – needs to be discarded. But even more important, the IMF’s longstanding approach to lending should be transformed
19 августа 2019 5 мин. 10534
Kim Stanley Robinson’s prescient science-fiction novel The Ministry for the Future begins with a stark description of a major heat wave in a northern Indian city that kills millions of people
21 мая 2022 5 мин. 14408 Репостов в соцсетях: 55
It is difficult to see any winners in the ongoing war caused by Russia’s irrational and devastating invasion of Ukraine
12 марта 2022 5 мин. 37352 Репостов в соцсетях: 41
NEW DELHI – For some time now, multinational companies (MNCs) have been gaming the rules of the global economy to minimize their tax liability – or even eliminate it altogether. And for some time now, the Independent Commission for the Reform of International Corporate Taxation (ICRICT) has argued for the unitary taxation of MNCs. Fortunately, there have been some encouraging recent signs that the idea of a unitary tax is gaining traction
17 апреля 2019 5 мин. 9160 Репостов в соцсетях: 13
Confounding the grim prediction made by the British economist Thomas Malthus in 1798, the world currently produces more than enough food for a population that has increased almost tenfold since then
18 марта 2019 5 мин. 8187 Репостов в соцсетях: 5
Last year was a watershed for gender relations. The #MeToo movement rocked establishments around the world, forcing even powerful men to face public scrutiny for their behavior toward women
14 января 2019 5 мин. 7783 Репостов в соцсетях: 3
NEW DELHI – The process of selecting the International Monetary Fund’s next managing director must change. In particular, the tradition of choosing a European for the post – based on an unfair and anachronistic “gentlemen’s agreement” reached with the United States when the institution was established 75 years ago – needs to be discarded. But even more important, the IMF’s longstanding approach to lending should be transformed
19 августа 2019 5 мин. 10534 Репостов в соцсетях: 2
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
14 декабря 2018 5 мин. 7743 Репостов в соцсетях: 1
NEW DELHI – The Biden administration’s decision to stop opposing a proposed COVID-19 waiver of certain intellectual-property rights under World Trade Organization rules is a welcome move
11 мая 2021 5 мин. 5178 Репостов в соцсетях: 0
NEW DELHI – Among the many inequalities revealed by the COVID-19 pandemic, one of the most striking is the dramatic divergence in governments’ fiscal responses. Economic activity has collapsed worldwide as a result of lockdown measures to contain the coronavirus. But while some developed countries have been able to deploy fiscal stimulus on an unprecedented scale, most have not
15 мая 2020 5 мин. 9629 Репостов в соцсетях: 0
NEW DELHI – The European Union has changed its economic policy for the better by agreeing on a €1.8 trillion ($2.2 trillion) post-pandemic stimulus plan to be financed directly through the EU budget. In particular, more than half of the package – which comprises the EU’s long-term budget and the €750 billion Next Generation EU recovery fund – is earmarked for forward-looking public spending
17 февраля 2021 5 мин. 4800 Репостов в соцсетях: 0

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