CENTRE FOR NEW ECONOMIC STUDIES*

Nickeled & Dimed

Nickeled & Dimed is a forum to provide an eco-

nomic outlook to issues in public discourse. Be it in

foreign policy, development or politics, we encour-

age the articulation of opinions which diverge

from perspectives provided by mainstream media.

May – Dec 2016

Write for us! Send in your contributions to us at cies.jsia@jgu.edu.in or click here.

A Half Yearly Update

Liquidity Crunch and its Implications on Argentina The macroeconomic history of Argentina has always been a tumultuous one. Through this article, Achyut Mishra attempts to demonstrate the effects of liquidity crunch on Argentina, especially its banking sector, over the years.

India and Brexit

What does the post-Brexit aftermath imply for India? Richa Sekhani poses the question for India to assess what the possible short and long term implications can be.

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Examining Migration Governance in India

This study by Colonel Sudhir Nair reveals an insight

into the similarities between the economic models of

Brazil and India, and their identical growth pattern,

especially, in the 90’s.

Book Review: Debt-Updated and Expanded-The

First 5000 Years

In this sharp review of D. Graeber’s book, ‘Debt-Updated

and Expanded: The First 5000 Years’ released in 2014

Tejaswini Chepyala traces the financial cr isis of 2008

back to the historical roots of debt to weave an informative

and eye-opening essay.

The Social-Justice Implications of Brexit

In the ongoing brouhuahua over Brexit, Kalyani Unkule tr ies to uniquely assess the impact on global social justice through the various consequences Brexit threatens to have on politics, trade relations, and the lives of the British people.

Two Years Since Make in India

In this article, Ashwath Komath revisits the arguments for the

Make in India programme, nearly two years since its conception,

to assess whether it is truly needed and beneficial in the Indian

development context.

How Gender Inclusive is MNREGA in practice?

MNREGA mandates that a third of all workers under the pro-

gramme should be women. But how gender inclusive has the

implementation of the Act been? This column by Upasak Das

uses nationally representative data to analyze participation of

women in MNREGA.

Coming South in search of a Bride

Despite Haryana’s infamous skewed sex ratio and terri-

ble treatment of women, Malayali women are marrying

Haryanvi men. S. Irudaya Rajan and Sharada Srinivasan

explore the strange case of how women from Kerala are

wedding men from Haryana in what often turn out to be

disastrous marriages.

Sectoral Analysis: E-commerce in India

Abider Shaikhmuhmad writes of the overall growth and devel-

opment of the e-commerce sector in India with respect to e-travel

and the opportunities and challenges faced by it presently as well

as in the long run in the sector and the nature and scope of the

Digital India Campaign.

East China Sea Dispute is Getting Worse not Better

With the diplomatic talks having effectuated zilch, are we looking at another Sino-Japanese conflict? Why would the international tribunal not be the effective way to deal with the dispute, which is potentially getting worse? Amrita Jash contemplates a military crack-up between the two nations unless joint initiatives are taken to mitigate the growing tension from both sides.

Rohingya’s in Delhi: “Had I Not Escaped I Would Have Been Killed”

Despite having been termed “the world’s least wanted”, the Rohing-yas are determined to get back their rights they were once denuded of. Devika Sahni writes about their escape from Myanmar to India, for a livelihood. But having earned nothing but betrayal from the government, they should now make do with what’s left of them…

India’s Alternative Approach Towards African Market.

In this article, Atharva Deshmukh argues that despite the availability of abundance of mineral reserves in Africa, the country depends on foreign economic actors and investments owing to the lack of a sustainable manufacturing sector. This makes Africa prone to exploitation, by countries that look for an external source to uplift their consumer markets. However, the Indian economy seems to have a different approach towards the African markets.

Asia’s Cauldron – The South China Sea and the End of Stable Pacific by Robert D. Kaplan

Robert D. Kaplan is an American journalist whose articles about U.S. and Chinese power have spurred debates in the media, academia and high levels of governments. Kalyani Menon reviews his book, “Asia’s Cauldron”, where, he had predicted the coming of South China Sea dispute, referring to it as the “simmering pot of potential conflict”, i.e. a cauldron.

The Commodity Price Shock in Venezuela

The state of Venezuela currently finds itself in a belea-guered state. The downturn in global commodity prices, particularly oil (Venezuela’s chief export), has hit the Venezuelan economy hard. In this article, Achyut Mishra attempts to analyse the relationship between a Commodity Price Shock (henceforth CPS) and various macroeconomic indicators of Venezuelan economy.

Aid as the Catalyst for Reduced Trust in Institu-

tions

A recent article on the Economist magazine makes a very

direct argument that diagnoses why underdeveloped states

do not attract resources for development. The article, by

Xiaochen Su, seeks to establish that “lack of trust,” particu-

larly on societal institutions, is the root cause of economic

failures.

Rajan’s craftsmanship

Through this article, Deepanshu Mohan expresses his con-cerns about the unsatisfactory approaches ad opted by most educational institutions towards learning Economics, and lists out the factors that set Raghuram Rajan apart, as a bril-liant craftsman of discipline of economics.

Reaganomics as Trumped up Trickle down?

Do you think Trump’s reimplementation of a slightly tweaked Reagonomics policy would work for America, given the vast dif-ferences in the economy during Reagan’s era and now? Sanjana argues otherwise.

*Previously, Centre for International Economic Studies. Change of name, with effect from Jan 1, 2017.

CONTRIBUTORS

THE TEAM

Kalyani Menon

Assistant Editor

III year, BA., LL.B.

Jindal Global Law School.

Deepanshu Mohan

Editor

Assistant Director, Centre for

Economic Studies

Assistant Professor of Economics,

Jindal School of International

Affairs.

A. Swetha Meenal

Co-Editor

III year. BBA.,LL.B.

Jindal Global Law School.

Xiaochen Su

A Yale and LSE graduate,

currently working in

Africa.

Deepanshu Mohan

Assistant Professor of Economics at Jindal School of International Affairs, Delhi

Sanjana Medipally

Student at Jindal

School of International

Affairs

Richa Sekhani

Researcher at Observer Research Foundation (ORF), Delhi and at Wik-istrat.

Devika Sahni

Student at Jindal

School of International

Affairs.

Irudaya Rajan

ChairProfessor, Ministry of OverSeas Indian Af-fairs.

Kalyani Menon

Student at Jindal Global Law School

Amrita Jash

Doctorial Candidate in Chinese Studies at Centre for East Asian Studies, JNU, Delhi.

Kalyani Unkule

Assistant professor, Jindal Law Global School.

Upasak Das

Assistant Professor at the

Centre for Development

Studies, Trivandrum.

Tejaswini Chepyala

Student at Jindal School

of Liberal Arts and Hu-

manities.

Ashwath Komath

An Aspiring Diplomat,

author of “Musings on

the Islamic State”

Sharada Srinivasan

Researcher in Gender, Jus-

tice and Development at

University of Guelph, Cana-

da.

Atharva Deshmukh

Student at Jindal School of International Affairs.

Achyut Mishra

Student at Jindal

School of International

Affairs.

Abider Shaikhmu-

hmad

Student at Jindal School

of International Affairs.

Nupur Dass

Social Media and Outreach

II year, BA., GA.

Jindal School of International

Affairs.

About CNES

Focusing on the diversity of Scholarship on economics, CNES bestows

exposure to inter-disciplinary application of economics in the fields of

political science (via political economy), psychology (via behavioral eco-

nomics), history (via economic history), legal studies (via law and eco-

nomics) etc, through various research projects and conferences organized

throughout the year.

Partnering with the French institute of Geopolitics, University Paris 8;

National Institute of Advanced Studies, Conflict Resolution Programme

(Banglore-Indian Insitute of Science); registered engineers for Disaster

Relief (India) and Doctors for You-India, the Centre organized a confer-

ence on “Conflict and Economic Development” ConfEcoDev, 2016 with

the Centre for Study of Political Violence. To Read more, click on the

link below.

Conference Report on “Conflict and Economic Development” (co-

organized with the Centre for Study of Political Violence)

Research fellowship applications, invited!

As of the coming semester, the Centre is initiating a three month long

research project on studying the governing dynamics of informal markets

(in and around New Delhi). The project will include a detailed profiling

of selected merchants working in these markets; understand the dynamics

of supply chain of commodities traded; pricing strategy in accommodat-

ing for more information and other variables in a geo-spatial space; and

seek to broaden the conceptualization of informality in the operational

landscape of such markets in and around Delhi. For more information,

write to dmohan@jgu.edu.in

.