ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Arun GhoshSubscribe to Arun Ghosh

The Saga of the Babus of Nayanjore

Arun Ghosh The economic management of the economy over the past four years has been so inept that any successor government would find it extremely difficult tO change the basics of the situation, namely reliance on the World Bank, the IMF and international finance capital to provide succour to the Indian economy.

Science, Technology, Intellectual Property Rights and Development

We need to rethink the entire basis of budgeting, of our education policy, our policy on science, our stance on intellectual property rights and the distinction between public and private property in knowledge.

Monetarism to the Fore-Reflections on Rise of Rentier Incomes

A large part of the current fiscal malaise stems from monetarist policies - in terms of steadily raising the rate of interest to absurd levels. And since interest incomes are essentially of the nature of rentier incomes, the monetarist policies have fostered the rise of rentier incomes in the economy.

Economy and the Budget

Arun Ghosh This paper discusses (i) the state of the Indian economy as of mid-March 1995; (ii) the extent to which the union budget for 1995-96 may he expected to restore balance in the economy; (iii) some specific aspects and implications of the revenue raising and expenditure thrusts of the budget; (iv) the extent to which the budget may be expected to stimulate the economy; and (v) the devolution of resources from the centre to the states in 1995-96 and the implications thereof THE Economic Survey, presented a day before the annual union budget this year, gives a picture of the state of the Indian economy, against the backdrop of which the union budget for 1995-96 is drawn up.

Planning versus Market in Developing Economies-Discussions in Honour of Late Amiya Dasgupta

Planning versus Market in Developing Economies Discussions in Honour of Late Amiya Dasgupta Arun Ghosh THE Department of Economics of the Visva Bharati recently commemorated the late Amiya Dasgupta, for long years, chairman of the Sameeksha Trust, with a three-day seminar-cum-cultural test over February 12-14. The topic of the seminar, 'Planning and the Market in the Context of Developing Countries', was not only timely, for the concept of 'planning' is now in full retreat in most countries of the world, the papers and the discussions were so lively (though somewhat inconclusive) that it would appear to be desirable to continue the debate in a wider forum, through the columns of the EPW.

Development Paradigms China and India Since 1949

Development Paradigms: China and India Since 1949 Arun Ghosh The success in putting a burgeoning workforce to productive work constitutes the most important lesson of China's development experience for India and the entire underdeveloped world. No matter what the political framework, the needs of societal development call far this basic change.

Who s Afraid of Liberalisation

Who's Afraid of Liberalisation? Arun Ghosh Liberalisation in the hands of the government of India is today the sum of (a) 'globalisation' and (b) 'privatisation'. Both are ideological stances unconnected with genuine liberalisation' of the economy or polity.

Efficiency, Public Sector and Public Policy

Efficiency, Public Sector and Public Policy Arun Ghosh Let us examine the currently fashionable proposition that the public sector is by definition inefficient with reference to the postal services, an important segment of the public sector.

Dominant Political Interests and Economic Policy-Making

Dominant Political Interests and Economic Policy-Making Arun Ghosh FOR quite some time, many aspects of economic policy-making in India have defied logic. Even in terms of the avowed policy of a 'market friendly' approach to development and the 'globalisation' of the economy, the declared policy of the central government especially in three crucial areas, namely, the development of the hydrocarbons sector, the development of power supply, and the development of telecommunications not only flouts all theory but files in the face of worldwide experience and worldwide practice. Nor can one say that all these policies are invariably dictated by the World Bank/IMF In fact, the World Rank recently turned down an application lor a loan from Messrs ENRON of VS to set up a 2015 MW LNG-based thermal power station in Maharashtra: and one cannot therefore say that the policy is entirely World Bank dictated. That the ENRON project is going ahead with foreign funding from the US Eximbank. rupee financing from the IDBI, and a government of India guarantee to ENRON that its dues would be paid - despite the World Bank categorically turning down the project as 'unviable' and not in the best interests of the Maharashtra State Electricity Board, is clear evidence that there are other forces at work; that the dramatic speed with which policy decisions are getting taken implies deeper political reasons for many aspects of recent economic policymaking. For, there is no longer any debate, no longer even an at tempt to justify or explain the rationale of economic policy. The only plausible explanation is that the dominant political interests in the country find it to their advantage to pursue these policies, no matter what the consequences to the country. This is the hypothesis that would be sought to be established in this brief essay.

National Population Policy-Progression towards a Fascist State

The draft Population Policy deserves to be rejected because (i) it will result in unconscionable centralisation of authority; (ii) its proposals are heavily biased against women; and (iii) some of the procedures and means recommended are little short of fascistic.

Indian Steel Industry Problems and Prospects

Indian Steel Industry: Problems and Prospects Arun Ghosh One can understand the idea of introducing competition

Ideologues and Ideology-Privatisation of Public Enterprises

Ideologues and Ideology Privatisation of Public Enterprises Arun Ghosh The pressure from all international institutions today is for privatisation. Indeed even more dangerous is the ideology that any government intervention in economic activity is bad by definition. However, exponents of 'minimum government' are also strong advocates of the states' involvement in maintaining 'law and order'

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