India and the World: A Geoeconomics Perspective
by Sanjaya Baru Economic and Political Weekly, Feruary9, 2013 Strategic autonomy in an interdependent world is secured through creating mutually benefi cial relationships of interdependence, not from the mere assertion of one’s independence or non-alignment. It is the fruit of economic growth and development pursued in a globalised world wherein a nation is able to [...]
INTERDEPENDENCE OF INTERNATIONAL FINANCIALMARKETS: THE CASE OF INDIA AND U.S.
by Pami Dua CDE Workin Paper no.223, January 2013 ABSTRACT This paper examines the nexus between domestic and foreign financial markets viz. Indian and U.S. money markets, equity markets and the common market for currency. We estimate volatility, spillovers-both in returns and in volatility, and cross-correlations in a multivariate framework for the financial markets.We utilize [...]
Illicit Financial Flows from Developing Countries Over the Decade Ending 2009:A December 2011 Report from Global Financial Integrity
The Developing World lost US$903 billion in illicit outflows in 2009, despite the massive financial crisis which rocked the global economy in late 2008. The capital outflows stem from crime, corruption, tax evasion, and other illicit activity. The report finds that the the vast majority of the drop from US$1.55 trillion to US$903 billion was [...]
Globalization Lived Locally: Investigating Kerala’s Local Labour Control Regimes
By P. Neethi Development and Change, Volume 43, Issue 6, pages 1239–1263, November 2012 This article uses the case study of a prominent electronics manufacturer in Kerala, southern India, to illuminate an approach to labour studies which focuses on local labour control regimes. Kerala was chosen for this study because of certain unusual characteristics of [...]
The Drivers and Dynamics of Illicit Financial Flows from India: 1948-2008
India’s underground economy is closely tied to illicit financial outflows. The total present value of India’s illicit assets held abroad ($462 billion) accounts for approximately 72 percent of India’s underground economy. This means that almost three-quarters of the illicit assets comprising India’s underground economy—which has been estimated to account for 50 percent of India’s GDP [...]
Financial Globalization in Emerging Countries:Diversification vs. Offshoring
By Francisco Ceballos, Tatiana Didier, and Sergio L. Schmukler ADBI Working Paper no. 389, October 2012 Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper examines two important concurrent dimensions of financial [...]
FDI bluff: Cong aims elsewhere
by Swapan Dasgupta Purely anecdotal evidence would suggest that the main support for Manmohan Singh’s measures, which were ostensibly aimed at preventing another repetition of the 1991 crisis, has come from big business, the creamy layer of the middle classes and well-to-do farmers. These classes have justified the initiatives through the prism of the economy: [...]
Empire Meets Globalisation:Explaining Historical Patterns of Inequity in South Asia
by David Ludden Economic & Political Weekly, July28, 2012 Recent decades of globalisation provide a new starting point for the study of south Asia by highlighting critical human issues that force history into the present and generate new productive conversations between history and social science. One fundamental issue is the increasing inequality in wealth and [...]
Financial globalization in emerging countries : diversification vs. offshoring
by Francisco Ceballos; Tatiana Didier and Sergio L Schmikler WB Policy Research Paper n. WPS 6104, June 2012 Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and growing importance. But financial globalization has taken shape via different forms over time. This paper examines two important, concurrent dimensions of financial [...]
A framework for assessing innovation collaboration partners and its application to India
by Daniel Nepelski and Guiditta De Prato MPRA Paper No.39284, May 2012 We develop a framework for assessing innovation collaboration partners. Based on the evidence from existing empirical studies, we identify four elements relevant as drivers of innovation collaboration. These elements include inventive capacity, technological specialization patterns, openness to international innovation collaboration and economic potential [...]
Internationalisation of ICT R&D in Asia vis a vis the world regions
by Daniel Nepelski and Giuditta De Prato MPRA Paper No.39281, November 2011 We analyse the internationalisation of ICT R&D in Asia and compare it with the other world regions. Despite the strong linkages between Japan, the US and the EU, Asia seems to be very attractive as a location for R&D activities. It is also [...]
The Scandinavian Journal of Economics Volume 114, Issue 2 , June 2012
Original Articles Risk Aversion and Trade-Union Membership (pages 275–295) Laszlo Goerke and Markus Pannenberg Risky Sex in a Risky World: Sexual Behavior in an HIV/AIDS Environment (pages 296–322) Andréa Mannberg Inadequate Bivariate Measures of Health Inequality: The Impact of Income Distribution (pages 323–333) Kjell Arne Brekke and Snorre Kverndokk Pollution, Private Investment in Healthcare, and [...]
FDI in Retail: A Global Perspective
by Srikant Gokhale and Piyush Kumar Sinha IIMA WP No. 2012-05-02, May 2012 Allowing FDI in multi brand retailing has recently generated tremendous euphoria for some and fear for others. It is based on the notion that it will open floodgates for foreign retailers to invest and will change the retail landscape forever in India. [...]
The Future of Manufacturing: Opportunities to drive economic growth
A World Economic Forum Report, April 2012 Over the past several decades, the globalization of the manufacturing ecosystem has driven more change and impacted the prosperity of more companies, nations and people than at any time since the dawn of the Industrial Revolution. Nations around the world have taken part in and benefited from the [...]
RESERVE BANK OF INDIA BULLETIN, Vol.LXVI, ISSUE No.4
Speeches The Challenge of Globalisation: Some Refl ections 699 from the Reserve Bank Perspective by Duvvuri Subbarao Uses and Misuses of Statistics 707 by K. C. Chakrabarty M-Banking in India – Regulations and Rationale 713 by K. C. Chakrabarty Striking a Balance: Credit Penetration and NPA 717 Management – Role of Information Sharing by Anand [...]
Urban India, Volume 31, Issue 2, July- December 2011
Contents 1) Assessment of Vulnerabilities of Indian Cities to Climate Change Jyoti Parikh, Manoranjan Mishra and Dinoj Kr Upadhyay 2) The Need of the Flexible-Planning Approach to Sustainable Urban Development: A Research Frontier Abhijit Paul 3) Planning for Sustainable Urban form for India Cities Chetan Vaidya and Satmohini Srivastava Ray 4) Globalisation and Urban India [...]
Globalization, Structural Change, and Productivity Growth
by Margaret Mcmillan and Dani Rodrik IFPRI Discussion Paper 01160, February 2012 Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver [...]
The Challenge of Globalization Some Reflections from the Reserve Bank Perspective
by Duvvuri Subbarao (Address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 37th Annual Convocation of the Indian Institute of Management, Bangalore on March 30, 2012) Globalization is a double edged sword – it offers immense opportunities but also poses ruthless challenges. Nothing illustrates this better than the global financial crisis of [...]
Oxford Economic Papers Volume 64 Number 2 April 2012
Articles The Phillips curve and US monetary policy: what the FOMC transcripts tell us Ellen E. Meade and Daniel L. Thornton Measuring coherence of output gaps with an application to the euro area Mark Mink, Jan P.A.M. Jacobs, and Jakob de Haan Tax structure, growth, and welfare in the UK Konstantinos Angelopoulos, James Malley, and [...]
Energy Consumption Response to Climate Change under Globalization: Options for India
K. Narayanan and Santosh Kumar Sahu Paper presented in the seminar on “Institution, Structure and Organization in Globalizing India, with special focus on Science and Technology, Economy and Society”, during 20th to 21st January 2012 at IIT Bombay The problem of mitigating climate change has continued to dominate public debates in terms of its origin, sources, potential [...]
Cambridge Journal of Economics· Volume 36, Issue 2, March 2012
Articles Ontology and the study of social reality: emergence, organisation, community, power, social relations, corporations, artefacts and money Tony Lawson The world improvement plans of Fritz Schumacher John Toye Dynamic Keynesian economics: cycling forward with Harrod and Kalecki Peter Kriesler and J. W. Nevile A suggestion for a new definition of the concept of finance [...]
Review of World Economics, Vol. 148, Issue 1, April 2012
Original Paper Trading away what kind of jobs? Globalization, trade and tasks in the US economy Thomas Kemeny & David Rigby Original Paper Globalisation, concentration and footloose firms: in search of the main cause of the declining labour share John Hutchinson & Damiaan Persyn Original Paper Globalization drives strategic product switching Veerle Miranda, Marialuz Moreno Badia & Ilke Van Beveren Original Paper [...]
Role of “Lead Market” factors in globalization of innovation: Emerging evidence from India & its implications
by Rajnish Tiwari, and Cornelius Herstatt TUHH Working Paper No. 64 Date: August 2011 Access to lead markets is generally regarded as an important driver of the increasing globalization of innovation since these are considered to be early indicators for emerging customer needs. They are traditionally thought to exist in economies with high per capita income, [...]
Impact of Liberalization and Globalization on Productivity in Indian Banking: A Comparative Analysis of Public Sector, Private, and Foreign Banks
by Subhash C. Ray University of Connecticut Working Paper 2012-02 Although dominated by public sector banks, India already had a significant presence of private domestic banks and foreign banks. What the banking reforms have done is to create a more level playing field where banks of different ownership types compete within a new set of broad [...]
Review of Income and Wealth Volume 58, Issue 1, March 2012
Original Articles HETEROGENEITY OR TRUE STATE DEPENDENCE IN POVERTY: THE TALE TOLD BY TWINS (pages 1–23) WILLIAM NILSSON MEASURING POVERTY USING BOTH INCOME AND WEALTH: A CROSS-COUNTRY COMPARISON BETWEEN THE U.S. AND SPAIN (pages 24–50) FRANCISCO AZPITARTE POVERTY, ELITE HETEROGENEITY, AND THE ALLOCATION OF PUBLIC SPENDING: PANEL EVIDENCE FROM THE INDIAN STATES (pages 51–78) SARMISTHA [...]
WDR 2012 : Gender Equality and Development
Published by World Bank, 2011 The World Development Report 2012: Gender Equality and Development argues that closing these persistent gender gaps matters. It matters because gender equality is a core development objective in its own right. But it is also smart economics. Greater gender equality can enhance productivity, improve development outcomes for the next generation, [...]
Globalization and Gender Equality in Developing Countries
Niklas Potrafke and Heinrich W. Ursprung Working Paper Series 2011-33 Date: 12-September-2011 This study empirically assesses the influence of globalization on the institutional root causes of gender equality as measured by the new OECD Social Institutions and Gender Index (SIGI). We capture the multifaceted concept of globalization with the KOF index and its three sub-indices [...]
Innovations in Globalized Regulation: Opportunities and Challenges
by Brian Levy World Bank Policy Research WP No.5841, October 2011 This paper lays out a comparative framework for assessing the potential, limitations and challenges of a variety of emerging institutional innovations in globalized regulation. The framework highlights two dimensions of effectiveness—the comprehensiveness of coverage, and the credibility of the regulatory regime. Performance in relation [...]
China, India and the future of the global economy
by Kwasnicki, Witold MPRA Paper No.32558, July 2011 Globalization is commonly noted process and probably this is a main reason that there is growing interest on the future of global development. In the first part of the paper an overview of the long-term global economic growth forecasts is presented (e.g., forecasts of Uri Dadush and [...]
Globalisation and Emerging Economies: Brazil, Russia, India, Indonesia, China and South Africa
OECD Publishing. Date: Mar-2009 OECD countries still dominate the world economy, but their share of world trade dropped from 73% in 1992 to 64% in 2005, and some of the world’s most important economies are not members of the OECD. Foremost among these are the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa. [...]
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