Commentaries

 

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Inflation Targeting Needs Re-examination in the Developed Economies

By Pushpa Kumari
October 5, 2018

Whether macroeconomy is up or down and asset markets hawkish or dovish, surprisingly inflation rate has done very well during last two to three decades in the developed economies. This raises so many questions. Has price level, a signal of macro level economic activity, has lost its telling power because of monetary policy engineering? How are relative prices so well behaved that these never upset the macro price level? How could relative prices, especially of consumer goods….. Read More

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Neither Strongman nor Strongman Politics is New, Only Avatar is Different

Economic-Political Power has Long Dominated the Society

By Pushpa Kumari
September 5, 2018

Where there is a massive discontentment in the general population, there is a way to popular politics. A strongman capitalizes those popular sentiments and takes charge as a warrior of the people. Is it a win of that strongman and his popular politics? Not so, it is in fact a defeat of the past political leaderships that has let built up the social discontent and gave a chance to a so-called strongman. Like it or not, current wave of strongman politics is slowly engulfing all-over the world….. Read More

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Globalization and Structural Shifts in the Developed World

From Industrialized to De-industrialization to Post-industrial Economies

By Pushpa Kumari
August 5, 2018

Globalization has affected not only the foreign trade but also the structure of the developed world. It has generated several shifts in the organization, functioning and outcomes in these economies. These structural shifts have since long been penetrating through, with varying degrees, their economy, society and politics via several domestic and foreign channels. It is significant to examine these shifts given their structural nature and long-term implications for national….. Read More

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Superpower War of the 21st Century – Declining America and Fading Capitalism Versus Rising China and Shining Communism!

Will US Trade War Conclude the Third World (Cold) War Started in the 20th Century?

By Pushpa Kumari
July 5, 2018

Historically, a transition from one superpower to another has involved a war. If history repeats itself, should the recent US trade war be assumed as a last phase of the superpower transition from the US to China? Last transition took place during the WWI from then superpower the UK to the USA. During war the US became the biggest wartime trade and finance supplier for the UK, and it was in 1916 when US output outpaced that of the entire British empire…. Read More

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Second-hand Clothes Trade Conflict Shows That Emperor Has No Clothes

By Pushpa Kumari
June 5, 2018

Trade conflicts are normal because nations may have their own national interests which at times are conflicting. But the trade conflict under discussion here is fairly abnormal. This is a trade conflict not between two normal trading partners, but America is at trade conflict with Rwanda. One nation having GDP 2224 times bigger (the US $19 trillion) than the other (Rwanda $8 billion). More important than the size of economy is the item of conflict– second hand clothes…. Read More

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