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

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Reproduction of Informal Enterprises in India

Informality and diversity of institutional forms have been marked as distinct features of India’s postcolonial capitalist development. The present paper considers the conditions of reproduction of informal enterprises, specifically focusing on the living and working conditions of artisan labour in the silk-weaving cluster of Sualkuchi in Assam. The study indicates that kinship, gender, and caste act as regulative forces, influencing the form and scale of production, ownership, contract, and exchange relations. The results point to the significance of non-capitalist institutional arrangement in the reproduction of the handloom sector under contemporary capitalism.

Global Value Chains of MNCs and Indian SMEs

The rapidly expanding global value chains of multinational corporations are increasingly dominating international trade, which emerging economies like India can hardly afford to ignore. The limited presence of Indian small and medium enterprises in the GVCs of MNCs can be traced back to a negligible share of internationalised SMEs, which is primarily due to a weak innovation base, owing to weak networks of SMEs, particularly weak inter-firm linkages. These issues can be overcome by building and strengthening regional innovation systems and by establishing a multipurpose science and technology commission in the clusters of SMEs.

Globalisation and the Indian Farmer

The article analyses the impact of globalisation on income and levels of living in the rural sector. It also discusses the changes in India’s stance on food security in global negotiations.

Modern Monetary Theory, Deglobalisation and the Dollar

The article explores the interconnections between the rise of modern monetary theory, deglobalisation and the international monetary system. It discusses the evolution of the international monetary system from Bretton Woods One to Bretton Woods Three, and how this transition is linked to globalisation, and deglobalisation, or the shifts in global imbalances. Finally, it makes an evaluation of the impact of these developments on the role played by the dollar in the international monetary system and its possible future trajectory.

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...

Brexit is Not Just about Exiting the European Union: A Reading List

The United Kingdom’s withdrawal from the European Union is indicative of not only its own narrow self-perception but also of the rise of an anti-immigration and racist stance put forth by right-wing groups. */ */

The Future of Globalisation

An analysis of globalisation in a historical perspective can help us understand how the past or the present may shape the future. In so doing, this article outlines the contours of the present era of globalisation since its inception, circa 1975, to find that the successive epochs of globalisation during the second millennium came to an abrupt end because of their own consequences embedded in the process. Given this, the article seeks to focus on the present conjuncture, at the intersection of economics and politics, when globalisation is again in crisis to reflect on its future.

How Globalisation Has Diluted Workers’ Rights

This reading list looks at how globalisation has changed the relations of production.

Marx at 200

As we mark Karl Marx’s 200th birth anniversary, it is clear that the emancipation of labour from capitalist alienation and exploitation is a task that still confronts us. Marx’s concept of the worker is not limited to European white males, but includes Irish and Black super-exploited and therefore doubly revolutionary workers, as well as women of all races and nations. But, his research and his concept of revolution go further, incorporating a wide range of agrarian non-capitalist societies of his time, from India to Russia and from Algeria to the Indigenous peoples of the Americas, often emphasising their gender relations. In his last, still partially unpublished writings, he turns his gaze Eastward and Southward. In these regions outside Western Europe, he finds important revolutionary possibilities among peasants and their ancient communistic social structures, even as these are being undermined by their formal subsumption under the rule of capital. In his last published text, he envisions an alliance between these non-working-class strata and the Western European working class.

The Potential of Participation in Global Value Chains

Low demand, high trade costs, poor infrastructure, unstable law and order and the lackadaisical nature of government impede the economic growth of the North Eastern Region. This prolonged underdevelopment points to the urgent need of the NER to integrate with the global economy for faster economic growth. Such an integration and subsequent economic transformation can be made possible through participation in global value chains. The NER has comparative trade advantage in producing labour-intensive products, and participation in services-based GVCs, particularly tourism, can be very profitable for the NER.

Anti-Trafficking Bill 2018 Fails to Address Changing Forms of Labour Exploitation

The recently passed Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2018 is woefully unaware of the present context of globalisation and the changing forms of labour dispossession and exploitation.

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