China’s Development Path: Indigenous Innovation and Global Competition
Aug 22, 2022
China’s successful technological development path stands in contrast to the corporate financialization model in the United States
Working Paper Series
China’s Development Path: Government, Business, and Globalization in an Innovating Economy
China’s successful technological development path stands in contrast to the corporate financialization model in the United States
Jim Chanos: China’s “Leveraged Prosperity” Model is Doomed. And That’s Not the Worst.
Oct 14, 2021
Famed short-seller is even more concerned with political fallout from Evergrande than economic/financial woes.
China and the Supply Chain: A Comment on the June 2021 White House Review
Jun 23, 2021
Contrary to rhetoric from Democrats and Republicans, the U.S. has an economic interest in trade and peace with China
How China Is Offering an Alternative to the IMF
Apr 15, 2021
The People’s Bank of China’s network of local currency swap arrangements provide Asian countries with a much-needed safety net, while also strengthening China’s diplomatic position.
Working Paper Series
The Long Search for Stability: Financial Cooperation to Address Global Risks in the East Asian Region
The People’s Bank of China’s network of local currency swap arrangements provide Asian countries with a much-needed safety net, while also strengthening China’s diplomatic position
Germany and China Have Savings Gluts, the USA Is a Sump: So What?
An alternative look at the “global savings glut”
YSI Successfully Holds Fifth and Final Regional Convening in Asia
Aug 27, 2019
An update from INET’s Young Scholars Initiative
Developing Asia Needs a New Economic Paradigm
Aug 13, 2019
Inadequate demand and climate change require a global green new deal
YSI Asia Convening 2019
Aug 12–14, 2019
Hundreds of young scholars from all over Asia are coming together in Hanoi to discuss new economic thinking, present their research, and work with over 30 senior scholars. Join us there and become a part of YSI’s global community!
Joe Stiglitz: The Challenges Facing China
Mar 6, 2019
The Nobel laureate economist discusses how an activist government is needed to tackle problems like climate change
Unstable Capital Flows Threaten Emerging Economies
Aug 24, 2018
It’s not just Turkey—from India to Indonesia, external financial liabilities are a looming threat
To Understand China’s Economy, Look to Its Politics
Jun 7, 2018
The removal of term limits for Xi Jinping may be a better indicator of economic health—or crisis—than official statistics
The Growing BRICS Economies: An INET Series
Apr 12, 2018
The BRICS countries—Brazil, Russia, India, China, and South Africa—play a crucial and growing role in the world economy. Sanjay Reddy kicks off our series exploring shifting social and economic dynamics within these countries, and what they mean for the global economy.
Waiting for the Chinese Bear Stearns
Mar 13, 2018
Unregulated, speculative lending markets nearly brought down the global financial system 10 years ago. Now, Western banks are exporting this failed model to the developing world.
China’s Green Opportunity
Jan 12, 2018
China is now the world’s largest greenhouse-gas emitter, accounting for over 25% of the global total. But the country has also demonstrated a growing understanding that a truly green economy promises to improve quality of life and create enormous opportunities for technological and political leadership.
Law Economics Policy ConferenceConference
Dec 4–6, 2017
Organized by the National Institute of Public Finance and Policy (NIPFP) in collaboration with the Institute for New Economic Thinking (INET), New York, the aim of LEPC 2017 is to bring together legal, economic and public policy thinkers to consider a variety of real world issues in India in a holistic manner.
China’s International Economic Strategy
Nov 21, 2017 | 04:00—05:30
The Implications of Xi’s Belt and Road Initiative for China and the World Economy
China vs. the Washington Consensus
Nov 13, 2017
The 2008 financial crisis was a shock to faith in entirely free financial markets. But the neoliberal assumptions underlying the previously dominant “Washington Consensus” continue to inform much Western commentary on China’s economy.
YSI @ UNCTAD International Debt Management Conference 2017
Nov 13–15, 2017
The Young Scholars Initiative will be hosting a group of young scholars to attend the meetings and discussions in and around UNCTAD International Debt Management Conference of 2017.
Globalization and Japanese Manufacturing Industry
As globalization proceeds rapidly, manufacturing industry in most of developed countries declined steadily.
Imbalances in China's International Payments System
Jul 13, 2017
Why it’s urgent that China adjust its balance of payment structure and safeguard its foreign assets
The New Economic History of IndiaConference
May 11–12, 2017
The History Project will hold its fifth conference on May 11-12, 2017 at the University of Cambridge. The conference will be concerned with the economic history of India, particularly in relation to exchanges across frontiers, the history of the law, and the history of economic thought.
India's Economic Challenges
May 9, 2017 | 04:00—05:30
A discussion with Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University and former Senior Vice President and Chief Economist of the World Bank.
China’s Weapons of Trade War
Feb 25, 2017
A trade war would undoubtedly hurt both sides. But there is reason to believe that the US has more to lose. If nothing else, the Chinese seem to know precisely which weapons they have available to them. China could stop purchasing US aircraft, impose an embargo.
A Socialist Market Economy With Chinese Contradictions
Jan 3, 2017
Beijing’s leaders face a critical dilemma over a credit boom that imperils China’s prospects for a smooth transition to a sustainable economic path
Law Economic Policy ConferenceConference
Sep 28–30, 2016
The National Institute of Public Finance and Policy (NIPFP) in collaboration with the Institute of New Economic Thinking (INET) are organizing India’s first “Law Economic Policy Conference (LPEC 2016)”. The aim is to bring together economic, legal and policy thinkers together to consider policy issues in a holistic manner.
CALL FOR PAPERS: Law, Economics & Public Policy
Jun 28, 2016
The National Institute of Public Finance and Policy (NIPFP) in collaboration with the Institute of New Economic Thinking (INET) are organising India’s first “Law Economic Policy Conference (LPEC 2016)”. The aim is to bring together economic, legal and policy thinkers together to consider policy issues in a holistic manner.
Understanding China’s Cultural Revolution
Jun 22, 2016
Frank Dikötter explores previously classified Chinese leadership documents, and attempts to set the record straight.
China’s Coming Debt Crisis?
Mar 22, 2016
The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers.
The China Delusion
Feb 18, 2016
The current bout of exchange rate anxiety is really just a symptom of the fact that China’s transition from an export-led growth strategy to one propelled by domestic consumption is proceeding far less smoothly than hoped.
Renminbi to the Rescue?
Dec 10, 2015
With the RMB in the SDR, careful progression in China could balance the international monetary system.
The SDR is the Catalyst for China’s Currency Internationalization
Dec 7, 2015
There is a deeper story to be told about the inclusion of the Renminbi.
RMB in SDR, Now What?
Dec 2, 2015
“Governments propose, markets dispose,” as Charles Kindleberger liked to say.
Networks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gap
We provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption-smoothing, provided by caste-based rural insurance networks, and the income-gains from migration.
Religious Riots and Electoral Politics in India
The effect of ethnic violence on electoral results provides useful insights into voter behaviour and the incentives for political parties in democratic societies.
Jim Chanos on China: The Emperor is In His Underwear
Sep 28, 2015
The best-known China bear says the emperor is not yet naked, but getting there.
China and the Challenge of Economic Reform
Aug 27, 2015
Bursting Bubbles leave a mess – in the markets, throughout the real economy, in societies, in politics and with policymaking.
Northeast Asia: The Balkans of the 21st Century?
Apr 9, 2015 | 09:15—10:45
Can Democracy Survive Aggressive Global Capitalism?
Mar 6, 2015
Rana Dasgupta shares his view of the contradictions and tensions of India’s economic and political scenes.
How India’s Traumatic Capitalism is Reshaping the World
Mar 2, 2015
A British national of Bengali origin, novelist Rana Dasgupta recently turned to nonfiction to explore the explosive social and economic changes in Delhi starting in 1991, when India launched a series of profoundly transformative economic reforms.
Shadow Banks in China: Causes, Impacts and Policy Options
This research project explores the causes and consequences of the rise of China’s shadow banks based on the Modern Money Theory and its extension on the analysis on modern financial systems.
Creating a Culture of Entrepreneurship in India
Jul 23, 2014
Ajay Kela on creating a culture of entrepreneurship in India.
Can Structural Reform Boost Economic Growth?
How to rebalance Chinese economy has become a topic of heated discussion. After years of fast economic expansion, now China faces a difficult crossroad. The global financial crisis provided clear evidence that China’s traditional export-driven strategy is vulnerable to slumps of the external demand.
Economic Progress and Financial Reform in China
Apr 11, 2014 | 07:00—07:00
The Chinese Economic Model Revisited: Any Implications for the New Economic Thinking?
The president of INET, Johnson(2013) emphasized the importance of Asian tradition for building up the New Economic Thinking. “It ismy sense that the Asian tradition of thought and philosophical perspective are better suited to embracing this radical uncertainty and living in the experimentation of the adaptive complex system that our world appears to resemble than are the Western mindsets that are the product of the Cartesian Enlightenment.” In the summary he argues that “As the Asian societies continue to evolve the architects will be better served by an new economics for Asia and from Asia that is based on the notions of radical uncertainty, complex adaptive systems, mimetic desire, the inseparability of politics and economics, and a vision of a world where policy makers are themselves less knowing and less capable of control than we often yearn to believe is within their power.”
Roiling India Politics Risks Economic Reforms
Jan 24, 2014
India’s economic leaders are determined to rein in skyrocketing inflation, but the country’s volatile political landscape may prevent reforms from taking hold.
Managing Uncertainty: An Anthropology of Financialization in post-Mao China
This research project develops a new field of anthropology: the anthropology of financialization, focusing on China and two main institutions of financialization, management consultancies and fund managers.
2011, 2012, 2013, 2014
Hierarchy, Identity, and Collective Action
This research project explores the interaction between group identities and decisions to engage in collective action to secure access to public goods, such as education.
The Good Life The Challenge of Progress in China TodayConference
Sep 7–8, 2013
Every nation faces the challenge of imagining what a good life means. Sound nutrition, shelter, health care, personal safety, social stability, security of savings, clean air and water, and the development of children are among the elements of what many envision as vital to a happy and healthy society.
Inequality in China, India and America: Causes and Consequences
Apr 5, 2013 | 05:15—06:45
Domestic Rebalancing to Reduce Global Imbalances: The Role of Financial Market Measures
“Taking advantage of the opportunity offered by the structural adjustments of the global economy…”The decisions on the four modernisations taken at the Third Plenum represented a radical change in Chinese domesticdevelopment strategy.
Meritocracy Is a Good Thing
Political meritocracy is the idea that a political system is designed with the aim of selecting political leaders with above average ability to make morally informed political judgments. That is, political meritocracy has two key components: (1) the political leaders have above average ability and virtue and (2) the selection mechanism is designed to choose such leaders.
China in the World: Growth, Adjustment and Integration
Apr 4, 2013 | 11:45—01:15
Is Mercantilism Doomed to fail? China, Germany, and Japan and The Exhaustion of Debtor Countries
Mercantilism, Accumulation of Foreign Exchange Reserves, and RMB Internationalization
The RMB and The Future of Asian Finance
Apr 4, 2013 | 05:15—06:45
Business Leaders Panel: The Future of the World and Asia's Role
Apr 4, 2013 | 04:00—05:00
Growth Adjustment and Convergence in Asia: The Challenge Ahead?
Apr 3, 2013 | 08:20—09:15
The developed economies of Europe, North America, and Japan are facing tremendous challenges related to indebtedness and stagnation. How will the developing economies of Asia respond to this challenge as they reorient their growth strategies to meet the rising aspirations oftheir people?
2011, 2012, 2013
Competition and Equality in Imperial China
This research project uncovers the economic forces which reshaped the evolution of the imperial examination system in traditional China, using a new dataset from archival sources of ancient Chinese Books.
Chartbook of Economic Inequality: 25 Countries 1911-2010
The purpose of this Chartbook is to present a summary of evidence about changes in economic inequality – primarily income, earnings, and wealth – for 25 countries covering a 100 year period from 1911 to 2010.
Is Mercantilism Doomed to Fail? China, Germany, and Japan and the Exhaustion of Debtor Countries
Apr 12, 2012 | 10:00—12:10
A country that produces goods of high quality at a competitive price is likely to be rewarded for its ingenuity with a trade surplus. Small countries often achieve great development success through export-led growth. At the same time, the entire economic system must be balanced.
Inequality in Asia: The Local Effects of Global Capitalism
Feb 16, 2012
Inequality did not increase during the early stages of economic development in Japan and the East Asian Tigers. But in India and China it did. Why is that?
High Wealth Concentration, Porous Exchange Control, and Shocks to Relative Return: the Fragile State of China’s Foreign Exchange Reserve
At a time when China is the favored investment destination in the global market, it seems unlikely that it would ever face capital flight.
Evolving Economic and Financial Systems in India
The presentation explains that Indian Economy is basically a market-oriented economy with constant rebalancing between state andmarket.
The Architecture of Asia: Financial Structure and an Emerging Economic System
Apr 9, 2011 | 11:45—01:35