Articles by Arun Ghosh

Indian Development Strategy An Exchange of Views Arun Ghosh There is much cause for apprehension about the sequencing of many of the policy decisions taken in the last two-and-a-half months, To open up the Indian economy to external competition before removing the shackles on Indian industry is tragically misguided. It is difficult to see how, from a current account deficit of some $ 4 billion per annum, we can, in a matter of three years, move to a surplus of $ 3 billion per annum. By going in for a large 'structural adjustment' loan we are once again taking the 'soft' option of reliance on external finance.

Right to Work: The Why and the Wheretofore Arun Ghosh 'Right to work' is not a laughable concept. It can and must be implemented. But it calls for certain pre-conditions, the most vital of which is democratic decentralisation, introduction of panchayati raj and the devolution of socio-economic development authority to democratically-elected local bodies.

IMF Borrowings: Some Myths Exposed Arun Ghosh We are bending to international pressure to radically alter our economic system with a suddenness (and in a direction) which may lead to a large number of closures and increased unemployment, with doubtful gains in regard to productivity. Is there no alternative?

What Is Happening to Farm Investments?
Arun Ghosh Now that there is a new government at the centre, it is time somebody drew attention to the long-term problems we are inviting upon ourselves by continuing to pursue the policies of the eighties. Neglect of farm investments is among the most ominous of these.

India: Big World's View of 'Small World' Arun Ghosh Opening up the economy to international capital and competition is not the solution to India's economic problems. It is a solution which has a powerful appeal to the affluent 100 million Indians; it is also a solution which will lead to external bankruptcy, a sudden deep recession (and consequent unemployment) and misery to the rest of the 750 million Indians.