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

Articles By K N Harilal

Real versus Fictitious

The COVID-19 pandemic is stretching the contradictions of the present economic arrangements to the limits. The system survived inflating financial assets and feeding on inequalities. The divide between the real economy and the sphere of finance cannot be left unchecked without risking an economic catastrophe. Wealth and income inequalities cannot be pushed anymore without irretrievably damaging the underlying social contract. The virus is making change inevitable.

World Economy and Nation States post COVID-19

With the outbreak of the novel coronavirus, the world economy has come to a grinding halt. The economic fallout would be enormous in terms of loss in production, income, and employment. The COVID-19 pandemic has caused major ruptures in the world system, which has serious implications for global accumulation of capital. It, therefore, presents an opportunity to reimagine the global division of labour and the international economic architecture.