In the ever-evolving landscape of global economics, 2024 stands as a year marked by resilience amid mounting challenges, fostering cautious optimism yet heralding looming complexities. This first installment of our two-part series delves into the key factors contributing to the current global economic uncertainty, their impact on global trade and investment, and the daunting challenge …
As we continue our exploration into India’s economic ascent, this second installment focuses on the challenges and future prospects facing India as it strides towards becoming an economic superpower. Despite impressive growth and potential, India confronts a blend of domestic and global hurdles. Navigating Global and Domestic Challenges The Economic Slowdown Ahead Oxford Economics …
In the rapidly evolving tapestry of global economics, India stands out as a beacon of dynamic growth and potential. This first installment of our two-part series delves into the meteoric rise of India’s economy, marking its transition from a service-based to a manufacturing-led powerhouse and its pivotal role in reshaping the Asia-Pacific economic landscape. …
In the intricate world of global economics, 2024 marks a year of significant challenges and profound realignments. As the World Bank forecasts the slowest half-decade of GDP growth in 30 years, nations worldwide, especially emerging markets, face a critical juncture. This first installment of our two-part series delves into the causes and implications of this …
In this three-part blog series, we will embark on a journey through time, comparing the ancient wisdom of Kautilya, an Indian philosopher, economist, and royal advisor, with contemporary economic thought. Today, we’ll explore how Kautilya’s teachings, primarily found in his treatise “Arthashastra,” align with or diverge from the ideologies of Joseph Stiglitz, Esther Duflo, and …
In the realm of modern economics, few names stir as much debate as Thomas Piketty. This French economist rose to prominence with his 2013 book, “Capital in the Twenty-First Century,” which delves into the intricate and contentious issue of wealth and income inequality. But who is Piketty, and why do his ideas matter? Piketty’s Central …
In the world of economics, dominated largely by theories of market failure and state intervention, Elinor Ostrom’s work stands out as a beacon of innovative thought. Ostrom, the first woman to win the Nobel Prize in Economic Sciences, challenged conventional wisdom by demonstrating how local property can be successfully managed by local communities without privatization …
In the intricate landscape of economics, few figures command the influence and intellectual prowess of Joseph E. Stiglitz. From his early academic pursuits to his later roles as a Nobel laureate and global policy advisor, Stiglitz has left an indelible mark on economic thought and policy. Early Intellectual Foundations Born in Gary, Indiana, in 1943, …
In the vast landscape of economics, few figures stand as prominently as Esther Duflo. Renowned for her pioneering work in the realm of development economics, Duflo has left an indelible mark on the field, reshaping the way we approach poverty alleviation and economic policy. Early Life and Academic Journey Born in Paris in 1972, Duflo’s …
In the dynamic world of economics, paradigms often shift, challenging traditional views and ushering in new perspectives. One such revolutionary thinker making waves in recent years is Stephanie Kelton. Renowned for her advocacy of Modern Monetary Theory (MMT), Kelton has been at the forefront of discussions that challenge conventional economic wisdom. Understanding Modern Monetary Theory: …
