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Over five phased announcements last week, the Indian government set in motion an unprecedented fiscal stimulus. Gaurav Dalmia looks at India’s near-term economic challenges and offers a prescription on how privatisation can help India achieve its objectives.

The Young Scholars Initiative is hosting its regional convening for Latin America in Mexico City from 17-21 June. 

A summary of INET’s latest Future of Work episode

This research project offers a historical taxonomy of organizational ways that governments fund and implement industrial and innovation policy as well as a taxonomy of contemporary implementation practices.

The Advanced Graduate Workshop in Development, led by Nobel Laureate Joseph Stiglitz is interested in identifying the complex interactions that influence well-being, development and growth.

To understand the rise of the League and 5 Star Movement, look at economic indicators

For most economists and indeed for social scientists in general such a question induces shudders as already asking this seems wrong – aren’t governments more prone to failures than markets, and aren’t governments supposed to provide basic and stable institutions for markets to function?

The global financial cycle has transformed the well-known trilemma into a ‘dilemma’. Independent monetary policies are possible if and only if the capital account is managed directly or indirectly. This column argues the right policies to deal with the ‘dilemma’ should aim at curbing excessive leverage and credit growth. A combination of macroprudential policies guided by aggressive stress‐testing and tougher leverage ratios are needed. Some capital controls may also be useful.

Yuen Yuen Ang, political science professor at the University of Michigan and author of the book, China’s Gilded Age, argues that the US and China have more in common than we usually think and that it makes more sense to see the conflict as a clash of two gilded ages instead of a clash of civilizations.

The field of economics is aggressively sexist and biased against new and unconventional ideas. Revelations about gender and ethnic discrimination show the need to reorient the whole system toward more freedom, respect, openness, and pluralism. But how?

Since 2007, recurring food-price spikes reveal hunger as a problem of market design and underinvestment, not scarcity. With Brazil’s COP30 on the horizon, aligning climate commitments with food systems could cement policy space to manage markets and advance the right to food.

The IFMR Graduate School of Business, Krea University, in collaboration with the Institute for New Economic Thinking (INET) and its Young Scholars Initiative (YSI) is organising a conference on Climate Change Adaptation and Resilience in Agriculture: Strategies for Sustainable Development in South Asia

INET talks to Jayati Ghosh and Marina Della Giusta