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

International Economic Affairs

International Economic Affairs
Stabilising the Yen: Option Japan Won't Use THE major news currently is that the US dollar's exchange rate has touched 150 Japanese yen. Compared with any of the major currencies of the world, the...
SDR in the Dumps ISG IT is now a little over ten years since it was agreed at Jamaica in January 1976 that the members of the IMF should collaborate in making the Special Drawing Rights (SDRs) "the...
Grim Prospect for the Poor ISG WHAT are the economic prospects for the developing countries over the coming few years? Several organisations make these forecasts every year. The IMF is one such...
Cross-Conditionality Fears: Real or Imaginary? ISG CROSS-CONDITIONALITY has come to the fore in recent months with the emergence of increasing concensus that the payments difficulties of the...
World Oil Price Prospects ISG WORLD oil price declined from $ 28 a barrel towards the end of November 1985 to $ 10 a barrel in the last week of April 1986, thus registering a decline of close to two...
A World Monetary Conference, at Last? ISG IN his fifth State of the Union Message to the US Congress, Ronald Reagan announced that he was asking his Treasury Secretary Jim Baker, "to determine if...
Why Fear Free Trade in Services? ISG NOW that it has been agreed that in the preparatory work for the eighth round of global trade negotiations services may also be covered, what sort of issues...
AT the annual IMF/World Bank meeting in Seoul, South Korea, early in October this year, the US Treasury Secretary, James A Baker, outlined a three-pronged approach to the third world debt problem...
Foreign Banks in South Africa ISG "THE banks have accomplished in two weeks what politicians haven't done in years", says the managing director of the Barclays subsidiary in South Africa. The...
Whom Will Union Carbide Blame Now? ISG AFTER the disaster in its pesticides plant in Bhopal, Union Carbide, the American multinational which owns the plant, closed its methyl isocyanate (MIC)...
Making Common Cause with Peru ISG IN taking the oath of office as the newly- elected President of Peru on July 29, Alan Garcia Perez made a major announcement with regard to Peru's external debt. He...
Shadow-Boxing in OPEC ISG TWO very interesting developments have taken place with respect to oil. One is that OPEC was put on notice by Saudi Arabia that the organisation must evolve and establish...
Making Third World Pay for Overvalued Dollar ISG IF dollar has to stay overvalued, let us impose an import surcharge. That is the conclusion of the Morgan Guaranty economists. The US Congress has...
THE Bonn Economic Summit of the industrialised countries of the West has, as we know, been conspicuous for its failure to agree on almost any major issue. It could not agree on the timing and agenda...
Flaws in Locomotive Theory I S G THERE is not much new about the locomotive theory. All that it says is that economic growth in certain countries provides the stimulus to other countries, through...
Technology Import Liberalisation Is Not the Answer ISG WE, economists, are very fond of drawing a distinction between 'necessary' and 'sufficient' conditions, almost to the point of making it a...
GOING by the cases of gold smuggling coming to light, it would appear that the smuggling of gold into the country is again on the rise. Several factors operate behind gold smuggling. Not that the...
November 3, 1984 plains the present stagnation in the industry. The affinity for trading margins, exhibited by the manufacturers, has on the one hand been pushing up the foreign exchange outlay for...
Tackling the Debt Crisis ISG AS an international political forum, the Commonwealth is probably one of those very nebulous institutions today whose impact on the policy-makers of its member countries...
last October which showed conditions on Finlay estates in Bangladesh, protesters at the company's AGM carried a symbolic tea packet marked 'Finlay puts the T in exploitation'
Undervalued Yen or Overvalued Dollar? ISG JAPAN'S economy after the Second World War was a highly controlled economy with restrictive tanit and non-tariff barriers applying to trade rigid control on...
crisis-ridden structure by action from the top. The most important point for re-examination is the Section 112 of the CPI(M) Progamme. which really means the entire constitutionalist orientation of...
The Fox and the Chicken-house G P D SOMETIME in 1983 an American political scientist published an article in Asian Survey which began with the following question: Does anyone care to remember how...
SUPPRESSION OF OPPOSITION The failures of development strategy coupled with ruthless personal dictatorship of Sekou Toure generated a considerable opposition to his regime. Sekou Toure opted to deal...
 present plight of the industry. The UPASI report claims that it is possible to achieve the production target of 125 million kg of tea by 2002 AD, through productivity gains (52 million kg) and an...
Financing Reagan's Deficit I S G YOU make the Budget, especially the pre-election Budget, for the constituency you wish particularly to cultivate. This is probably what "Ronald Reagan too had in...
Our Rouble Reserves I S G THE principal assumption underlying a bilateral payments arrangement is that the two countries entering into such an arrangement have broadly balanced trade between them...
Bleak IDA-7 Prospects I S G TO understand the current situation, let us start with a hit of past history. The sixth replenishment (IDA-6) of the International Development Association, the .soft loan...
The South Bank Proposal Is OPEC Participation Critical? I S G ACCORDING to an UNCTAD study, completed around mid-1983 at the request of the Group of 77, a South Bank, ie, a bank of and for the...
October 29, 1983 maintained through the media and the sight of a Democratic party in disarray, his victory is by no means assured, certainly not, to use an Americanese, a 'shoo-in.' He will have to...
IMF's Liquidity Gap I S G SO the crunch has finally come. The International Monetary Fund has decided to suspend new negotiations on balance of payments support in view of, what has been described...
Bleak IDA-7 Prospects I S G TO understand the current situation, let us start with a bit of past history. The sixth replenishment (IDA-6) of the International Development Association, the soft loan...
accountable to elected authorities. It is this what 'privatisation' really means, and what is in store for substantial sections of central and local administration (especially for the Tatter). It is...
Non-Resident Control and National Interest I S G I AM afraid the discussion on investment by non-resident Indians in Indian companies is altogether misplaced. The major issue, in my view, should not...
NAM Tails behind Brandt I S G TOWARDS the close of 1979 when the world in general and industrial countries in particular already faced prospects of prolonged, severe recession, the Independent...
Day Dreaming on Oil Price ISG OIL price hay been under downward pressure from early 1980, though for some time in between, in the early phase of the Iran-Iraq war, there was ;i firming up, Lately,...
January 15, 1983 ment lies: "It goes without saying that the Right-wing reactionary forces represent a dangerous alternative to Indian National Congress power at the national level. This is the...
Did GATT Hold Any Promise at All? I S G GATT (General Agreement on Tariffs and Trade) should serve as a standing reminder to all and sundry that one country one vote does not, by itself, work...
THE developing country with the largest outstanding external debt is now Mexico. Last month it was in danger of defaulting on its payments. Something like $ 16 billion were duo to be repaid by...
Back to Top