1. India, the Great Depression and Britain's demise as world capitalist leader / Utsa Patnaik -- 2. Illegal flows in India's BOP accounts : their components and impact on the economy / Arun Kumar -- 3. Some aspects of external dimensions of the Indian economy in the age of globalisation /...

China occupies a unique position among developing countries. Its success in achieving relative stability in the financial sector since the institution of reforms in 1979 has given way to relative instability since the beginning of the current global financial crisis. Over the last few years,...

This paper provides a survey of the literature on trade theory, from the classical example of comparative advantage to the New Trade theories currently used by many advanced countries to direct industrial policy and trade. An account is provided of the neo-classical brand of reciprocal demand...

Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of financial assets in the portfolios held by market participants. Largely driven by deregulation, the process works to make financial assets relatively attractive as compared to other...

Financialization in the world economy has led to massive accumulation as well as concentration of financial assets providing sources of rentier income which has been much higher than those obtainable from physical assets. The present volume attempts to analyse the pattern of financial dominance...

</titre> <alinea/> The paper demonstrates the continuing ability of the Chinese state to effectively provide a direction to its financial sector by foreclosing its speculatory options, largely with capital account controls and strict regulatory provisions. China?s entry to the WTO may not tilt the balance in...

The 2008–10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in this book utilise several alternative paradigms to provide a plausible explanation and a credible cure. Great detail is given to this...