An outline of what would be ideally needed for a comprehensive set of national accounts is given. National governments and international agencies ought ideally to go even beyond green national accounts. Unfortunately though, that ideal cannot be met, at least not in the near future....

An attempt has been made to discuss various aspects of unpaid household work such as its treatment in the system of National Accounts, and the methodologies of its valuation. With the help relevant data from Indian Time Use Survey, quantification of unpaid work in the Indian economy has been...

The changed survey methodology of the 55th round (and the consequent furore that has ensued) has demonstrated that there is indeed uncertainty surrounding estimates of poverty. The uncertainties concern the analysis of the NSS data, the poverty line benchmarks and the data themselves. This...

This paper reviews the development of the social security system and trends in the urban labor market in the People’s Republic of China (PRC). Despite its remarkable economic achievement, the PRC faces a difficult path before it can reform and improve its social security system and...

This paper introduces two composite indices of globalization. The first is based on the Kearney/Foreign Policy magazine and the second is obtained from principal component analysis. They indicate the level of globalization and show how globalization has developed over time for different...

What exactly is 'economic marginalization'? How should one conceptualize it, and what are the implications of such conceptualization? Economic marginalization can be conceptualized as outcome or as process (or structure). On outcomes, marginalization can be a static description, or a dynamic...

This paper offers a conceptualisation of social security and income redistribution schemes which highlights the strong overlaps between the two. Indeed, it is virtually impossible to disentangle the two in practice. The major conclusion is that any assessment of one cannot proceed without taking...

Structural adjustment, as measured by the number of adjustment loans from the IMF and World Bank, reduces the growth elasticity of poverty reduction. Growth does reduce poverty, but the author find no evidence for a direct effect of structural adjustment on growth. Instead, the poor benefit less...

Over the last decade, India has been one of the fastest growing economies, and has experienced considerable decline in overall income poverty. However, in a vast country like India, poverty levels vary significantly across the different states. In this paper, we analyze the differences between...