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Asian Political Economy (64)

Commentary

How China Escaped Shock Therapy Interview with Rob Johnson

Interview, August 2021 | Isabella Weber, Rob Johnson

>> Watch interview from the Institute for New Economic Thinking (INET)>> Learn more about "How China Escaped Shock Therapy." In an interview with INET's Rob Johnson, Isabella Weber discusses her new book on how China managed its transition from central planning to markets.
Research

Mapping Religion, Space, and Economic Outcomes in Indian Cities

Working Paper, August 2021 | Sripad Motiram, Vamsi Vakulabharanam,

Sripad Motiram and Vamsi Vakulabharanam deploy a socio-spatial approach and use a spatially representative survey in Hyderabad and Mumbai to analyze the relation between city, space, and religion. They identify poor-ghettos and elite-enclaves in Hyderabad and Mumbai. In both cities, ghettos have a high proportion of Muslims, while enclaves are dominated by non-Muslim inhabitants. Ghettoization of Muslims is far more pronounced in Hyderabad than in Mumbai. A key finding on the relation between city space and religion is that compared to segregated neighborhoods, mixed (“grayer”) neighborhoods produce better economic outcomes like lower poverty.
Research
In “Hindutva, Economic Neoliberalism and the Abuse of Economic Statistics in India,” Jayati Ghosh describes how, at first sight, Prime Minister Modi’s unabashedly pro-big capital agenda could seem contradictory to his politics of hatred that severely disrupt economic growth. However, the ability of the government to persuade the public that the economy is doing well serves the neoliberal agenda by taming the resentment of the poor and enabling further concentration of wealth. The manipulation and/or destruction of the statistical system are decisive to the Modi government’s project.
Commentary

A Non-Performing Code for Bad Debt

Commentary, June 2021 | C.P. Chandrasekhar, Jayati Ghosh

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