Economy

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    Sri Lanka: Remittances and the failed promise of ‘Migration-Development’

Sri Lanka: Remittances and the failed promise of ‘Migration-Development’

What are the impacts of migrant workers’ remittances for Sri Lanka’s economy? Matt Withers (Macquarie University, Australia) argues that temporary labour migration between Sri Lanka and West Asia has resulted in uneven and unsustainable economic returns that warrant greater scrutiny of the presumed relationship between migration and development.

In Sri Lanka, as throughout most of South Asia, low-waged temporary […]

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    Why Bangladesh’s dependence on FDI means low wages and poor working conditions for garment workers will continue

Why Bangladesh’s dependence on FDI means low wages and poor working conditions for garment workers will continue

Bangladesh’s Ready-Made Garment sector continues to be a large employer in the country despite suppressing worker’s rights, fostering exploitation and promoting glaring inequities. Adil Khan (University of Queensland, Australia) and Grace Milne (KU Leuven, Belgium) argue how the sector’s muddled engagement with the three components of global governance have resulted in such an unfair status quo.

Bangladesh’s Ready-Made Garment sector […]

September 5th, 2019|Economy, Featured|0 Comments|
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    Education cash transfers: Improving the quality of education in India

Education cash transfers: Improving the quality of education in India

In India there are serious concerns about the quality of education students receive under the current system. Karan Bhasin (Independent Economist) argues why the government should move away from a production subsidy to a consumption subsidy approach to the provision of primary and secondary education with the introduction of education vouchers.

The last three decades have witnessed an unprecedented […]

June 24th, 2019|Economy, Featured|1 Comment|
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    South Asia’s logistical hub: Challenges and opportunities for Sri Lanka’s transshipment future

South Asia’s logistical hub: Challenges and opportunities for Sri Lanka’s transshipment future

A key objective of Sri Lanka’s post-2015 foreign policy framework is to position the country as a dynamic and prosperous centre of the Indian Ocean and make it a regional maritime and logistics hub. However regional competition and under-utilisation of ports mean that the country is falling short of its objective. Inoka Perera looks at the state of trade in […]

June 21st, 2019|Economy, Featured|Comments Off on South Asia’s logistical hub: Challenges and opportunities for Sri Lanka’s transshipment future|

Changing tracks: Modernising India’s railways

The Indian railways have a rich 165-year-old history built on miles and miles of tracks dependent on a multi gauge system from 1871. In 1991 the government announced a change to this gauge system; however, it remains incomplete. Chitresh Shrivastva argues how completing this transformation could unlock the Indian economy.

When we refer to gauges, we are referring to the […]

June 7th, 2019|Economy, Featured|Comments Off on Changing tracks: Modernising India’s railways|

The expanded state in post-liberalisation India

It is thought that as economies liberalise, the state apparatus will withdraw from economic and social life. Lipika Kamra (O.P. Jindal Global University) argues, however, that in India the state has reorganised itself. Drawing on ethnographic research on new actors that are now a part of the state, she argues why the state’s role has expanded in post-liberalisation India.

Scholars […]

April 15th, 2019|Economy, Featured|Comments Off on The expanded state in post-liberalisation India|

Pakistan: Foreign reserves and the debt crisis

Abid Rehman (National University of Sciences and Technology, Islamabad) and Kinza Tahir (National University of Modern Languages, Islamabad) argue that in order to reduce external debt, Pakistan should focus on the non-debt-creating inflows of the economy, such as foreign direct investment and exports, rather than accumulating more debt-creating inflows in order to repay previous debt.

Pakistan’s troubled economy is one […]

April 10th, 2019|Economy, Featured|Comments Off on Pakistan: Foreign reserves and the debt crisis|
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    Looking southeast: SAARC and international trade disruptions

Looking southeast: SAARC and international trade disruptions

As international trade regimes undergo their biggest structural changes since the creation of the WTO in 1995, Kannan Kumar (Pahle India Foundation) and Aakanksha Shrawan (IIT Delhi) argue that the South Asian Association of Regional Cooperation (SAARC) can hold the key to helping South Asian countries ride international trade disputes. Such answers for SAARC, an organisation that hasn’t met […]

February 20th, 2019|Economy|Comments Off on Looking southeast: SAARC and international trade disruptions|

Pakistan’s Twin Deficits and IMF Fiscal Conditionality

As talks between the IMF and Pakistan continue, Nadir Cheema explains why fiscal austerity may be needed to reduce Pakistan’s current account deficit and why energy subsidies may be a key target for any fiscal cuts.
Notwithstanding the recently secured short-term support from Saudi Arabia and claims of support from China, Pakistan’s large medium-term external financing gap continues to render an IMF […]

November 20th, 2018|Economy, Featured|Comments Off on Pakistan’s Twin Deficits and IMF Fiscal Conditionality|
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    Modi’s Demonetisation Two Years On: Economic Necessity or Political Ploy?

Modi’s Demonetisation Two Years On: Economic Necessity or Political Ploy?

Two years ago today, India’s prime minister Narendra Modi, took the radical step to take all 500- and 1,000-rupee notes out of circulation in a bid to tackle ‘black money’ in the Indian economy. Twenty-four months on, Bhaskar Pant asks if that decision was motivated by politics rather than economics.

 
Indian Rupee Note | Credit: PixaBay
We are two years on, but the […]

November 8th, 2018|Economy, Featured|1 Comment|

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