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Jayati Ghosh

Professor of Economics at the University of Massachusetts Amherst

is a member of the Club of Rome’s Transformational Economics Commission and Co-Chair of the Independent Commission for the Reform of International Corporate Taxation

The Fickle Charms of Private Global Finance

NEW DELHI – Once again, emerging markets are on the capital-flows roller coaster – one no less dizzying for being so familiar. And once again, the highs and lows of financial-market swings in these economies are mostly generated by external forces, not national policies. But the possibility that even the smallest domestic mistake could send them into a tailspin still looms large

17 июня 2021 5 мин. 5384

Next Steps for a People’s Vaccine

NEW DELHI – The Biden administration’s decision to stop opposing a proposed COVID-19 waiver of certain intellectual-property rights under World Trade Organization rules is a welcome move

11 мая 2021 5 мин. 6702

Employment in the Platform Age

NEW DELHI – One of the most significant socioeconomic changes accelerated by COVID-19 must surely be the rise of digital labor platforms. Of course, platform-based employment had already been growing exponentially before the pandemic. But the combination of lockdowns and stay-at-home orders, and the consequent greater reliance on remote work, has dramatically increased both their spread and intensity of use

15 апреля 2021 5 мин. 7579

Avoiding a K-Shaped Global Recovery

NEW YORK – The United States expects to “celebrate independence” from COVID-19 by Independence Day (July 4), when vaccines will have been made available to all adults.

26 марта 2021 6 мин. 8355

Credit-Rating Agencies Could Derail Economic Recovery

NEW DELHI – On March 10, the credit-rating agency Moody’s placed Ethiopia on review for a downgrade. The problem isn’t violence and repression in Ethiopia’s embattled Tigray region. Rather, Moody’s has concluded that the Ethiopian government’s commitment to engage with private creditors, as part of the G20 Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative, raises the risk that those creditors will incur losses. For that, the country apparently must be punished

18 марта 2021 5 мин. 6741

An Open Letter to Joe Biden

On International Corporate Taxation

02 марта 2021 6 мин. 7802

Europe’s Ambitious Parochialism

NEW DELHI – The European Union has changed its economic policy for the better by agreeing on a €1.8 trillion ($2.2 trillion) post-pandemic stimulus plan to be financed directly through the EU budget. In particular, more than half of the package – which comprises the EU’s long-term budget and the €750 billion Next Generation EU recovery fund – is earmarked for forward-looking public spending

17 февраля 2021 5 мин. 6979

Four Ways Biden Can Boost the Global Economy

NEW DELHI – On January 6, when a mob of US President Donald Trump’s supporters breached the Capitol with shocking ease, the world’s already-low expectations of the United States plummeted. And yet, when it comes to the global economy, there are immediate steps President-elect Joe Biden can take to boost the world’s – and especially developing economies’ – prospects

22 января 2021 5 мин. 6350

Schizophrenia at the IMF — Блог

It has taken far too long, but it seems that the International Monetary Fund has finally internalized some hard truths about sovereign-debt reduction

23 апреля 2023 4 мин. 86791

How to Address Global Hunger — Блог

Among the multiple crises that have erupted around the world, the avoidable tragedy of growing hunger receives only fleeting mention

23 октября 2023 5 мин. 79073

Lifting the Lid on Global Inequality — Блог

Globally, the richest 10% of the population is responsible for more than half of all CO2 emissions

19 декабря 2021 5 мин. 76629

Let's Count What Really Matters

Despite the well-known problems with using gross domestic product as an indicator of human development, policymakers around the world still seem to be obsessed with it

09 июля 2022 5 мин. 69081

Jayati Ghosh on greedflation, debt, corporate taxation, and more — Блог

While inflation in the advanced economies has subsided, this is largely because the forces that fueled the latest bout of inflation – spikes in global food and fuel prices, as well as supply-chain disruptions – have subsided

10 декабря 2023 12 мин. 69016

The Rich World's Climate Hypocrisy — Блог

Many people around the world already consider the United Nations Climate Change Conference (COP26) in Glasgow a disappointment

18 ноября 2021 5 мин. 66912

Davos Man Must Pay

The World Economic Forum’s annual meeting in Davos, Switzerland, has always been more than a little problematic

22 января 2023 4 мин. 56784

India's Great Jobs Challenge — Блог

Any optimism about India’s economic prospects must be tempered by its inability to address two related challenges

15 января 2024 5 мин. 49946

The High Cost of Carbon Pricing

Carbon pricing is all the rage these days, at least in the developed world

23 марта 2023 6 мин. 46454

Why the Paris Financing Summit Failed

The recent Paris Summit for a New Global Financing Pact was touted by its organizers, including French President Emmanuel Macron, as a groundbreaking initiative to forge a «new contract» between the Global North and South that would address climate change and foster sustainable development

15 июля 2023 6 мин. 46241

Fiddling While India's Workers Burn

Kim Stanley Robinson’s prescient science-fiction novel The Ministry for the Future begins with a stark description of a major heat wave in a northern Indian city that kills millions of people

21 мая 2022 5 мин. 37310 Репостов в соцсетях: 55

Putin’s War Is Damaging the Developing World

It is difficult to see any winners in the ongoing war caused by Russia’s irrational and devastating invasion of Ukraine

12 марта 2022 5 мин. 41645 Репостов в соцсетях: 41

SDRs Are the Great Untapped Source of Climate Finance

The United Nations Climate Change Conference (COP28) in Dubai is an opportunity to reflect on what these large, costly, and carbon-intensive international summits aim to achieve

14 декабря 2023 5 мин. 43469 Репостов в соцсетях: 15

The Revolt Against Big Food

Confounding the grim prediction made by the British economist Thomas Malthus in 1798, the world currently produces more than enough food for a population that has increased almost tenfold since then

18 марта 2019 5 мин. 11127 Репостов в соцсетях: 14

Financial deglobalization must come next

After four decades of fostering integration through trade and finance, the global economy has begun a painful process of fragmentation

25 декабря 2022 5 мин. 32710 Репостов в соцсетях: 13

How to Tax a Multinational

NEW DELHI – For some time now, multinational companies (MNCs) have been gaming the rules of the global economy to minimize their tax liability – or even eliminate it altogether. And for some time now, the Independent Commission for the Reform of International Corporate Taxation (ICRICT) has argued for the unitary taxation of MNCs. Fortunately, there have been some encouraging recent signs that the idea of a unitary tax is gaining traction

17 апреля 2019 5 мин. 12290 Репостов в соцсетях: 13

Davos Man Must Pay

The World Economic Forum’s annual meeting in Davos, Switzerland, has always been more than a little problematic

22 января 2023 4 мин. 56784 Репостов в соцсетях: 9

Why the Paris Financing Summit Failed

15 июля 2023 6 мин. 46241 Репостов в соцсетях: 6

India’s Great Wall of Equality

Last year was a watershed for gender relations. The #MeToo movement rocked establishments around the world, forcing even powerful men to face public scrutiny for their behavior toward women

14 января 2019 5 мин. 10733 Репостов в соцсетях: 3

The Crisis of India's Oligarchy

Over the past two decades, Indian multi-billionaire Gautam Adani’s close ties to Prime Minister Narendra Modi have helped the Gujarati businessman become Asia’s wealthiest person