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Mishra: Crony Capitalism and Its Implications
Znet Article, September, 17 2006
Girish Mishra
Mishra's ZSpace page
In Western Uttar Pradesh, the State government has allotted agricultural land, acquired from peasants on very low rates, to industrialist Anil Ambani for building power plants and setting up a special economic zone. This has led to great disconten...
Mishra: Theft of the Commons
Znet Article, August, 31 2006
Girish Mishra
Mishra's ZSpace page
For quite some time two news items have been dominating the media in Delhi. The first relates to the intervention by the higher judiciary to remove commercial establishments and other kinds of encroachment from the residential areas and public lan...
Mishra: American Economy
Znet Article, August, 16 2006
Girish Mishra
Mishra's ZSpace page
Prof. Niall Ferguson of the Harvard University compares the US economy to a dinosaur whose bulk once shook the ground. Yet, it disappeared from the face because of its inner problems. Like it, “the US economy is mind-bogglingly enormousâ...
Mishra: Rising Prices, Fearful People in India
Znet Article, July, 31 2006
Girish Mishra
Mishra's ZSpace page
For quite some months, the prices of goods and services, especially of mass consumption, have been increasing relentlessly. On July 3, the prices of petroleum products were increased by 25 to 30 per cent. This has added fuel to the fire and aggrav...
Mishra: Implications of Privatizing Public Security
Znet Article, July, 23 2006
Girish Mishra
Mishra's ZSpace page
Adam Smith, the father of modern economics, pleaded for leaving all economic activities to be regulated by market forces without any restraint from state or any other organized group. He believed, “the invisible hand†would coordin...
Mishra: Globalization and Growing Disparities
Znet Article, July, 07 2006
Girish Mishra
Mishra's ZSpace page
The present phase of the Washington Consensus-based globalization is now almost two decade-old. Hence it is not premature to judge what its protagonists promised and what results have accrued. To begin with, globalization was to generate a high ec...
Mishra: American Dream and Its Indian Vendors
Znet Article, June, 18 2006
Girish Mishra
Mishra's ZSpace page
For many, many years the US official circles, the propertied classes and the media controlled by them have been propagating a myth. It is the myth of the American Dream, which means that in the United States, any person can climb up the ladder of ...
Mishra: World Bank and Economic Growth
Znet Article, June, 01 2006
Girish Mishra
Mishra's ZSpace page
It is quite intriguing that the World Bank has, all of a sudden, begun worrying about economic growth. It has announced a high level body-Commission on Growth and Development-headed by Michael Spence, a Nobel laureate and former Dean of the Stanfo...
Mishra: Making the State Impotent
Znet Article, May, 21 2006
Girish Mishra
Mishra's ZSpace page
On liberation from the imperialist yoke after the Second World War, many countries embarked on the path of economic development to make their political freedom secure and meaningful to their people. Even though these countries were at different le...
Mishra: Frightening Demon of Unemployment
Znet Article, May, 08 2006
Girish Mishra
Mishra's ZSpace page
The demon of rising unemployment has been increasingly terrorizing Asia in general and India in particular ever since the Washington consensus-based globalisation has become the guiding star. The Asian Development Bank (ADB) in a recently released...
Mishra: India
Znet Article, April, 23 2006
Girish Mishra
Mishra's ZSpace page
Ever since Indian Prime Minister Dr Manmohan Singh has announced his resolve to make the rupee fully convertible on capital account, it has given rise to a fierce controversy. While the corporate sector, and the media and some economists, loyal to...
Mishra: Corporate Shadow on Indian Agriculture
Znet Article, April, 10 2006
Girish Mishra
Mishra's ZSpace page
As recent developments indicate, global corporate giants are out to establish their dominance over Indian agriculture. In this they are being helped by powerful quarters from both inside and outside the country. It is needless to add that their su...
Mishra: On Cheaper Cars in India
Znet Article, March, 30 2006
Girish Mishra
Mishra's ZSpace page
The finance minister, P. Chidambaram, has proposed to reduce excise duty on cars from 24 to 16 per cent, i.e., by one third. He hopes: “industry will seize the opportunity to make India hub for the manufacture of small and fuel-efficient c...
Mishra: India: One Country, Two Worlds
Znet Article, March, 14 2006
Girish Mishra
Mishra's ZSpace page
Two reports have appeared simultaneously. One report has been carried by the American magazine Forbes and the other by the German journal Der Spiegel’s English version. These two reports underline that India, despite being one country, is ...
Mishra: The Present State of India's Economy
Znet Article, February, 28 2006
Girish Mishra
Mishra's ZSpace page
Notwithstanding a rosy picture of the Indian economy now and in the years to come painted by the just released Economic Survey: 2005-2006, there are a number perturbing aspects, glossed over by the media. The government seems euphoric about the ov...
Mishra: Booming Indian Bourse: Illusion and Reality
Znet Article, February, 20 2006
Girish Mishra
Mishra's ZSpace page
The sensitive index of the Bombay Stock Exchange, during the first week of February 2006, performed the much-awaited feat of crossing the 10,000-mark. This brought great joy to industry and trade. The media, both the print and the electronic, were...
Mishra: Disturbing News on the World Economy
Znet Article, February, 01 2006
Girish Mishra
Mishra's ZSpace page
The recent UN report, World Economic Situation and Prospects, 2006, has come out with disquieting tidings for the world in general and developing countries in particular. If carefully reflected on, the political and social implications are going t...
Mishra: Hunger in the Midst of Plenty
Znet Article, January, 16 2006
Girish Mishra
Mishra's ZSpace page
While the celebrations on the eve of 2006 were going on all over the world and the people with means were bursting crackers, drinking champagne and dancing enthusiastically, one person was desperately reminding them of widespread incidence of pove...
Mishra: Infatuation with Economic Growth
Znet Article, January, 02 2006
Girish Mishra
Mishra's ZSpace page
Ever since the turn of the 1990s, there has been great stress on raising the rate of economic growth. In fact, it has become the be all and end all for the governments coming to power at the centre. It has been underlined time and again that the o...
Mishra: Why Suicides by Farmers?
Znet Article, December, 20 2005
Girish Mishra
Mishra's ZSpace page
It was in the year 1997 that the phenomenon of suicides by Indian farmers emerged. Since then it has assumed frightening proportions and till now more than 25,000 farmers have taken their own lives. Only the other day a member of the Maharashtra L...
Mishra: Rural India in Grip of Loan Sharks
Znet Article, December, 05 2005
Girish Mishra
Mishra's ZSpace page
Ever since days of India’s freedom struggle, there has been a repeated emphasis on the need of liberating rural population from the grip of moneylenders. Soon after Independence the Reserve Bank of India conducted All-India Rural Credit Su...
Mishra: Reserve Bank of India and Globalization
Znet Article, November, 11 2005
Girish Mishra
Mishra's ZSpace page
The Reserve Bank of India (RBI) is, by its position as central bank, the guardian of country’s banking sector. With the help of suitable monetary policy instruments, it manages and directs the various financial institutions of the country ...
Mishra: Criminal Capitalism and Quixotic Devotee
Znet Article, October, 26 2005
Girish Mishra
Mishra's ZSpace page
Raymond W. Baker knows of the working of world capitalist system in all its intricacies to the minutest details as he worked for almost four decades in Africa and South America as a prominent businessman. Later, he was associated with two prominen...
Mishra: A Realistic Look at Call Centres
Znet Article, October, 18 2005
Girish Mishra
Mishra's ZSpace page
For quite some years, call centres have come to symbolize a new optimism for the ruling circles in India. They hope, these call centres will go a long way to boost foreign exchange earnings, provide high value employment opportunities to the educa...
Mishra: Whither Globalization?
Znet Article, September, 10 2005
Girish Mishra
Mishra's ZSpace page
Prime Minister Manmohan Singh, on the morrow of Independence Day, was interviewed by Rajat Gupta of The McKinsey Quarterly. Towards the end of the interview what Manmohan Singh, in response to the question: “What message would you like to ...
Mishra: Nehru's Economics
Znet Article, August, 15 2005
Girish Mishra
Mishra's ZSpace page
Till the end of the 1980s, the demand for abandonment of Nehru’s ideas and thinking was confined only to a few of the non-Congress parties in India. Communalists of all varieties, Lohia and his followers, sectarian Communists, Swatantra Pa...
Mishra: On Disinvestment in India
Znet Article, August, 03 2005
Girish Mishra
Mishra's ZSpace page
The process of disinvestment means selling off partially or wholly the assets of state owned undertakings to private sector. Obviously, private sector comes to influence or fully control the management and production decisions of the firms concern...
Mishra: Two Reports, One Aim
Znet Article, July, 20 2005
Girish Mishra
Mishra's ZSpace page
Recently, two reports have come, one from the American consultancy firm A.T.Kearney and the other from the Ministry of Consumer Affairs, Government of India. Their aim, however, is the same: paving the way, unmindful of harmful consequences, for F...
Mishra: World Bank in Bihar
Znet Article, July, 08 2005
Girish Mishra
Mishra's ZSpace page
The World Banks has been recently showing a keen interest in Bihar, the third largest State in India. It has brought out a report, Bihar: Towards A development Strategy, running into more than a hundred pages, prepared by a team led by Mark Sund a...
Mishra: Forced Labour
Znet Article, May, 28 2005
Girish Mishra
Mishra's ZSpace page
Ever since the beginning of human civilisation, forced labour has been in existence. Almost all the ancient monuments, be it Taj Mahal or Asokan Pillar or the pyramids of Egypt or the Great wall of China, at which we marvel, were built on the basi...


