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

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The Capital–Labour Rupture and the World Order

More than the rise of China, it is cyber-capitalism that is the driving force of the current changes in the global political economy. Emboldened by new age technologies, the capital is now breaking itself free from labour. Its efforts are being supported by the right-wing conservatives who are...

Overcoming the China Conundrum

Narratives of the new Cold War and the “liberal” West versus “authoritarian” China are neither adequate to grasp the political economy of contemporary China, nor do they explain global contradictions. More importantly, such narratives serve to obfuscate the reality of political and economic challenges faced by the vast masses of the developing countries as well as advanced capitalist countries.

The Crisis in India–China Relations

As the unipolar world has been eclipsed by a levelling of the international playing field, the ripple effects have been felt across Asia. Since 2013, as China unveiled its new foreign policies and expanded its regional footprint, Delhi and Beijing have been confronted with a series of mini crises...

East Asia’s Paths to Industrialisation and Prosperity

Resurgent Asia: Diversity in Development by Deepak Nayyar, New Delhi: Oxford University Press, 2019; pp xx + 295, ₹ 895. Asian Transformations: An Inquiry into the Development of Nations edited by Deepak Nayyar, Oxford: Oxford University Press, 2019; pp xxiv + 577, price not indicated. Asia’s Journey to Prosperity: Policy, Market, and Technology Over 50 Years by Asian Development Bank, Manila: ADB, 2020 (ebook), http://dx.doi.org/10.22617/TCS190290 .

The World Order

Analysis of the current and emergent correlation of forces between US–China–Russia points towards a new era of one super-imperialist power coexisting with a triadic form of major inter-imperialist tensions.

Breaking the Balance of Power Trap

As the ongoing negotiations bet­ween India and China fail to end the impasse in Ladakh, the de­ma­nd for New Delhi to play the “Tibet card” to force Beijing to disengage is gaining salience. India briefly opened the card by deploying the Special Frontier Force (SFF), consisting of Tibetan refugees...

Why India Did Not Go to War with China

India had the military ability to evict the intrusions in Ladakh or carry out a quick grab action of its own in the early stages of the crisis. Yet, it did not exercise the offensive military options. The explanation for such strategic reticence lies at the political level.

Trade War and Global Economic Architecture

The recent decision of the United States to impose punitive tariffs on imports from China and the European Union, and the retaliation of these trade partners in tandem, is of concern to the global community. In analysing these contemporary events, it is argued that the genesis of the trade war can potentially be traced to the piling up of global imbalances, and the failure of the global financial institutions or fora—like the World Trade Organization and the International Monetary Fund—to address such imbalances. In such a context, whether the emerging economies have the ability to influence the course and outcomes of the current trade war, and whether this trade war can generate the possibility of reform of the international institutions are explored here.

Imperialism in the Age of Globalisation

A Theory of Imperialism by Utsa Patnaik and Prabhat Patnaik, New Delhi: Tulika Books, 2016; pp xxviii + 206, ₹ 695 . Imperialism in the Twenty-First Century: The Globalization of Production, Super-Exploitation, and the Crisis of Capitalism by John Smith, New York: Monthly Review Press, 2016; pp 382, $28 .

Why Nationalism Alone Cannot Solve the Sino-Indian Border Dispute

Any meaningful attempt to solve the border dispute will necessitate India rethinking its China policy.

Virtuous Cycle and Economic Growth in India

A critique is offered after examining the claims in the Economic Survey that the concept of virtuous cycle is of recent origin and that during the planning period, the planners were unaware of such a way of imagining economic progress. The evidences provided to support the presence of the virtuous cycle in China and the East Asian countries are also questioned.

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