A political economy of peace and distributive justice in the era of globalisation

A rise in civil unrest across the globe has been observed. Studies have found that economic failings are associated with these civil conflicts. One important aspect of economic failing is the skewed distribution of wealth and income. The ideology of globalisation is found to create and justify inequality and incapable of handling issues arising out of it. To achieve peace in this context, a change in the approach to inequality might be required. This paper contributes to understand the basic ideology of globalisation related to civil disturbance. The paper also assesses various strands of distributional justice related to globalisation and suggests means to ensure enduring peace and prosperity

Is inclusive development a sustainable development? : A political economic perspective

A major development policy challenge in the contemporary economic policy discourse is to sustain the development momentum. Prevailing political economic realities influence the economic thinking to accommodate the political compulsions. The inclusive development is one such development strategy. Inclusive development is not a mere political pragmatism but a sensible development strategy. This paper discusses the relevance of distributive justice in relation to civil disturbance across and within national boundaries in the context of sustainable development. This paper argues that the inclusive development guarantees the sustainable development. Further, argues for the revival of welfare state for sustainable development

Is inclusive development a sustainable development? : A political economic perspective

A major development policy challenge in the contemporary economic policy discourse is to sustain the development momentum. Prevailing political economic realities influence the economic thinking to accommodate the political compulsions. The inclusive development is one such development strategy. Inclusive development is not a mere political pragmatism but a sensible development strategy. This paper discusses the relevance of distributive justice in relation to civil disturbance across and within national boundaries in the context of sustainable development. This paper argues that the inclusive development guarantees the sustainable development. Further, argues for the revival of welfare state for sustainable development

Regional income convergence in India: A Bayesian Spatial Durbin Model approach

A debate on the regional disparity is always an interesting topic. This study analysed the regional income disparity in India during 1980 – 2010, which contains pre, early and later reform periods. The study used per capita GSDP data from Central Statistical Organisation. First, the study reviewed various growth models and suggests that spatial durbin model of Fingleton and Lopez-Bazo(2006) is empirically useful. Second, this study estimated parameters of Bayesian Spatial Durbin Model and disscussed the convergence hypothesis in the light of LeSange and Fischer (2008) formulation. The study concludes that the later reform period has witnessed beta convergence due to feedback effect

A political economy of peace and distributive justice in the era of globalisation

A rise in civil unrest across the globe has been observed. Studies have found that economic failings are associated with these civil conflicts. One important aspect of economic failing is the skewed distribution of wealth and income. The ideology of globalisation is found to create and justify inequality and incapable of handling issues arising out of it. To achieve peace in this context, a change in the approach to inequality might be required. This paper contributes to understand the basic ideology of globalisation related to civil disturbance. The paper also assesses various strands of distributional justice related to globalisation and suggests means to ensure enduring peace and prosperity

Does a Speculative Trade in Food Commodities Influence Food Price Inflation in India?

Inflation, especially the food inflation has become a major economic challenge for the public policy in the contemporary India. Inflation pressure on food products is caused by interplay of multiple factors. The literature has identified various sources of food price inflation that included institutional factors, market conditions and institutional arrangements. The effect of institutional arrangements like speculative trade in commodity on the inflation is studied in many studies. Yet similar studies have not been attempted in the Indian context though the speculative trade is permitted in commodities from 2003 onwards. This paper analyses the relationship between wholesale food price index and trading on agricultural commodities in Multi-Commodity Exchange of India (MCX) using the monthly data between 2004 and 2014 from CSO and MCX respectively. The researchers have used time series analysis to draw conclusions from the study which indicates that there is no influence of trading on food commodity futures on wholesale price indices. However, the trading in MCX is influenced by fluctuations in wholesale price indices which may have implications for the future of food commodities prices in India

Does a Speculative Trade in Food Commodities Influence Food Price Inflation in India?

Inflation, especially the food inflation has become a major economic challenge for the public policy in the contemporary India. Inflation pressure on food products is caused by interplay of multiple factors. The literature has identified various sources of food price inflation that included institutional factors, market conditions and institutional arrangements. The effect of institutional arrangements like speculative trade in commodity on the inflation is studied in many studies. Yet similar studies have not been attempted in the Indian context though the speculative trade is permitted in commodities from 2003 onwards. This paper analyses the relationship between wholesale food price index and trading on agricultural commodities in Multi-Commodity Exchange of India (MCX) using the monthly data between 2004 and 2014 from CSO and MCX respectively. The researchers have used time series analysis to draw conclusions from the study which indicates that there is no influence of trading on food commodity futures on wholesale price indices. However, the trading in MCX is influenced by fluctuations in wholesale price indices which may have implications for the future of food commodities prices in India