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

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Falling behind the Curve Is Not an Option

India must jettison orthodox economics amidst the pandemic to protect employment and sustain a recovery.

 

The Fallacy of Trickle-down Economics: Whom Does ‘Wealth Creation’ Benefit?

While the theory of “trickle down” of wealth to the poor is often invoked to support the government’s neo-liberal policies, such as tax cuts and other financial incentives for the private sector that benefit the rich, in reality, such policies have not been successful in bridging economic inequalities.

A Bonanza for Corporates

And a trickle-down approach to reinstating livelihoods will mean a K-shaped recovery.

 

Trade Liberalisation and Poverty

What is the nexus between trade liberalisation and poverty? This question can be subdivided into two parts. One, recognising that growth is a necessary condition for a sustained reduction in poverty, what is the link between trade and growth. Two, since growth is by no means a sufficient condition for poverty reduction, what is the nexus between trade and income distribution?

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