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

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Indo-German Consultative Group-A Ringside View

Why should the government, plagued as it is by high and rising revenue deficits, finance extra-territorial lobbies such as the Indo-German Consultative Group formed in the wake of economic liberalisation in 1991. ostensibly to promote bilateral co-operation on a 'non-official' basis? The Joint Letter addressed to the heads of the two governments after the Group's last meeting in Berlin at the end of August represents a sell-out to the German government and transnationals.

Marshall Plan, German Unification and Economics of Transition

Could Russia's and East Europe's transition to a market economy have been smoothened by the western governments offering massive foreign aid on the lines of the post-World War II Marshall Plan for West Europe? No, says the author who argues that the Marshall Plan for west Europe and the current Fund-Bank policy of stabilisation and adjustment for the so-called economies in transition are entirely different in spirit and content.

Dimensions of Social and Economic Crisis in Russia Today

Dimensions of Social and Economic Crisis in Russia Today Nirmal Kumar Chandra Not only in Russia, but in most parts of east Europe, the output fall after the economic reform has turned out to be more dramatic and persistent than had initially been projected by policy-makers and reoliberal academics. Social conditions as reflected in real wages, unemployment, poverty, inequality and criminality have worsened no less.

World Economic Order before and after GATT

World Economic Order before and after GATT Nirmal Kumar Chandra An Unequal Treaty: World Trading Order after GATT by Muchkund Dubey; New Age International Publishers, New Delhi, 1996; Rs 120.

China s Tryst with Globalisation

Nirmal Kumar Chandra This paper attempts to show how, rejecting neoliberal diagnoses on many occasions, China has created a transitional economic system that combines in a most original way seemingly contradictory elements of central and local planning, the domestic market and a relatively small window looking out into the world outside. If the mix was very much of their own concoction, the Chinese have learnt copiously from their own past and from the USSR as well as their own neighbours such as Japan, South Korea and Taiwan, The author's objective is not so much to chronicle the story, but to look for policy recipes for others, both developed and developing countries, underscoring the counter-productive nature of the neoliberal dogma.

India s Ability to Capture the Benefits of R and D

India's Ability to Capture the Benefits of R and D Nirmal Kumar Chandra Our ability to capture the benefits of R and D has not been commensurate with the potential The reasons are varied, but the decisive one has been government policy. So, while the prospects for national R and D would indeed be very dim if the post-1991 ultra- liberalism reigns supreme, the answer cannot be a simple return to the pre-1991 or pre-1980 policy regime.

Indias Rouble Debt and Depreciating Rouble

India's Rouble Debt and Depreciating Rouble Nirmal Kumar Chandra This paper assesses the India-Russia agreement on the size and modalities of repayment of India's rouble debt from two different angles. The first consists of examining the distribution of the gains of India's trade with the former Soviet Union. The focus is on the unit values of the commodities exchanged, particularly our arms imports financed through Soviet credits. The other aspect concerns the nature of the rouble as a currency up to 1989 and after, on which score there appears to be very widespread misconception.

Russias Sinking Economy External Dimensions

Dimensions Nirmal Kumar Chandra In these notes prepared on the eve of the referendum in April, the author surveys the data and also views on the external economic scenario for Russia.

PERSPECTIVES

Writing about Hindu-Muslim Riots in India Today Gyanendra Pandey The dominant nationalist historiography that insists on the totalising standpoint of a seamless nationalism needs to be challenged not only because of its interested use of categories such as 'national' and 'secular' but also because of its privileging of the so-called 'general' over the particular, the larger over the smaller, the 'mainstream' over the 'marginal

Costs of German Unity

Nirmal Kumar Chandra The debate on German unification has deeper ideological implications. Contrary to the fond hope of innumerable socialists in the not-too-distant past, international capitalism today is not only vibrant, but also seems to be dusting in peaceful competition 'existing socialisms' from countries stretching from China through the USSR to East Germany.

Capitalism, Slavery and Neoclassical Economics

Capitalism, Slavery and Neoclassical Economics Nirmal Kumar Chandra The 'Triangular Trade and the Atlantic Economy of the Eighteenth Century: A Simple General-Equilibrium Model by R Findlay; Essays in International Finance No 177, March 1990, Department of Economics, Princeton University, Princeton, New Jersey.

Crisis in China End of Socialism

The events of April-June in China have brought to the fore a whole set of fundamental questions about socialism more sharply than ever before. This essay discusses these events, examines the official attempts to end corruption in the wake of the turmoil keeping in view certain features of private capital in China under the economic reform programme, analyses the implications of the student's and inteflectuals' demand for democracy and speculates on the nature of the crisis not only in China but in the socialist world as a whole.

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