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

Articles by Arun GhoshSubscribe to Arun Ghosh

Power Policies Need for a National Debate

Power Policies: Need for a National Debate Prabir Purkayastha Arun Ghosh For a healthy development of the power sector, the following objectives have to he met: minimising of investment costs to enable better utilisation of available resources; minimising of net outflow of resources, especially foreign exchange; minimising of costs of energy production to bring about economies in power supply and keep power tariffs at affordable levels without having to resort to heavy and unsustainable subsidisation; and maximising of security of power supply and its insulation from external and international developments.

Paradigms of Development and Distances between Nations

The 'globalisation' of the world is inevitable; new technology has already brought it about But we must all bend our minds to determining how the benefits of new technology can be reached to the entire humankind, instead of enhancing the 'distance' between peoples and nations.

Role of Planning in a Globalised Economy

Role of Planning in a Globalised Economy A NEW Planning Commission has been constituted by the UF government as of July 31, with Madhu Dandavate as the deputy chairman. Despite the excellent past credentials of the new deputy chairman, somehow the new commission does not inspire much confidence that its sights are set right, if only because of the statement made by the chairman of the reconstituted commission at its first meeting on August 19, with focus on the continued pursuit of economic liberalisation policies and of changing the sights of planning in the above context.

Savings and Investment Some Issues

Savings and Investment: Some Issues Arun Ghosh The steep increase claimed in domestic saving from 21.4 per cent of GDP in 1993-94 to 24.4 per cent in 1994-95 raises some questions which call for explanations from the CSO and the RBI. First, part of the rise in saving represents rise in speculative inventory holding and so cannot be said to reflect improved health of the economy and buoyancy of investment. Second, a significant part of the higher saving represents saving out of the sharply increased remittances from Indian workers from abroad in 1994-95. Such saving, while part of 'national saving' cannot be considered part of 'domestic' saving.

Dilemmas of the Reserve Bank of India

Dilemmas of the Reserve Bank of India Arun Ghosh The fact that a selected number of large Indian firms are allowed to raise working capital abroad through GDRs indicates a policy which is not only in grave error in regard to domestic interest rates, but also highly discriminatory and one which rebounds adversely on the Reserve Bank's capacity to order a sensible monetary policy.

Governance, Institution-Building and Economic Development

Governance, Institution-Building and Economic Development Arun Ghosh THE debate (in recent years) about the efficacy or the 'tree market' system versus 'government intervention' in promoting economic development has become, in today's framework, generally irrelevant in India. Unfortunately, very few of the debaters have even bothered to go into the question of 'institution building', no matter what pattern of development is adopted. People do admit to the need for law and order, for the rule of law and, more recently, for some stability of policies. These arc doubtless essential, hut the bulk of the people may then ask, stability and law and order for whose benefit? Law and order, in certain situations, may be tantamount to mere maintenance of" the status quo; so it may be more important to focus on the need for fostering the 'institutions' which may be deemed to be essential for any kind of development effort; and it is also essential to ensure that the strategy is for broad-based development.

Fundamentalism. Its Roots. Rationale and Remedy

Fundamentalism, Its Roots, Rationale and Remedy Arun Ghosh Fundamentalism cannot be sustained without good reason. On occasion there may be external abettors, but there must be deep-seated internal causes for the emergence, certainly for the continued presence, of fundamentalism. We do not have to go far; we have our own experience in this country.

Crimes of Unreason

Crimes of Unreason Arun Ghosh The economic philosophy of neoclassical economists of late, in the fetish about individualism, can only be described as a ' crime of unreason'.

Narmada Waters of Despair, Waters of Hope

The painstaking study by Suhas Paranjape and K J Joy on the Sardar Sarovar Project deserves the widest possible dissemination and a nationwide debate because at stake is not only the fate of lakhs of tribals but a whole new vista of equitable and sustainable development of some two-thirds of the country's population in the long run; for, the new principles outlined for the project are valid for the whole country and should inform all future programmes of development of water (and indeed energy) resources.

Health Care and Globalisation-Case for a Selective Approach

Health Care and Globalisation Case for a Selective Approach Arun Ghosh A look at some indicators of health in the period 1990-93, after the enforcement of structural adjustment, contrasted with those for the period 1987-90 yields a picture which should cause serious concern, though not much surprise since the public health infrastructure in terms of the lakhs of primary health centres set up by the government over the years is now lying unused with practically no drugs available because of the sharp cut in public expenditure on health and the focus on privatisation of health services.

Capitalism, Markets, Market Socialism and Democracy

Capitalism, Markets, Market Socialism and Democracy Arun Ghosh WRITING in late 1995, and quite contrary to popular beliefs and perceptions, one can safely assert that barely five years after the collapse of communism in Eastern Europe and the former Soviet Union, the inner contradictions of capitalism are beginning to surface in all developed capitalist countries, and that there are unmistakable portents in Eastern En rope of a popular desire to go back to some form of' socialism other than the dictatorial regimes that had existed prior to 1990. Indeed It would also appear, if history has any lessons for the future, that the left parties in India need to re-examine some of their basic assumptions and the philosophic roots of their ideology, their tactics and their longer term goals.

UNSNA1993 and Indian National Income Accounting Procedures-Some Emerging Issues

Accounting Procedures Some Emerging Issues Arun Ghosh The new UN System of National Accounts 1993 (UNSNA), finalised after several years of deliberation and discussion and now published jointly by five international organisations, is predicated to a particular system; it needs to be looked at carefully by each country and suitably modified in the light of its own institutional framework of economic activity. It is to be hoped (a) that the UNSNA will provoke a debate among experts in this country on some aspects of the definition of 'income' and the 'production boundary' and (b) that the Indian national accounting system will not be changed in undue haste to fall in line with the changes suggested in the UNSNA without regard to the institutional framework of production activity in the country.


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