Economics and the Developing World
Economy of India
Asian Political Economy
Gender and Care Work
A prolific columnist and commentator, Jayati Ghosh is of India's best-known economists with a wide range of research interests, including globalization, international trade and finance, employment patterns in developing countries, macroeconomic policy, issues related to gender and development, and the implications of recent growth in China and India. In 2021, Ghosh was appointed by UN Secretary General Antonio Guterres to a new high-level advisory board on effective multilateralism.
University of Cambridge: Ph.D., Economics
University of Cambridge: M.Phil., Economics
Jawaharlal Nehru University: M.A., Economics
University of Delhi: B.A., Honours in Sociology
Select Media Coverage (8)
Why It Seems Everything We Knew About the Global Economy Is No Longer True
The New York Times print
“Financial globalization was supposed to usher in an era of robust growth and fiscal stability in the developing world,” said Jayati Ghosh, an economist at the University of Massachusetts Amherst. But “it ended up doing the opposite.”
Why do the rich get richer — even during global crises?
Al Jazeera online
“The easy money policy that began after the global financial crisis led to really low to negative interest rates and big liquidity in the financial system,” Jayati Ghosh, professor of economics at the University of Massachusetts Amherst, told Al Jazeera. “So, in the past 15 years, corporations chose to reinvest the money into buying more financial assets chasing high returns, rather than increasing their production.”
Why a 1970s-style ‘stagflation’ crisis would hit the world’s poor hard
The Washington Post print
Economist Jayati Ghosh is quoted in a story about how the world’s poorest will be most impacted by the global economy’s stagflation, a situation where inflation and unemployment rates are high while economic growth is slow.
Prices Soar as Corporate Profiteers & Speculators Drive Inflation; It Hurts the Developing World
Democracy Now! online
Jayati Ghosh appears on a nationally syndicated radio program to discuss how higher inflation is leading to more extreme poverty and how the Russian invasion of Ukraine has led to commodity price increases.
Watch | 'Pushing Urban Poor to Take Loans is Wrong, Govt Needs to Give Income Support Instead'
The Wire online
In a video interview, Jayati Ghosh, one of India’s well-known and highly regarded economists says the government’s refusal to provide income support to the unemployed and poor and instead asking them to take government guaranteed loans, which the Chief Economic Advisor has said they can default upon, is a “a terrible terrible mistake”.
Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt
The New York Times online
Jayati Ghosh is quoted in a story about poorer countries facing mounting catastrophe fueled by Russia’s war in Ukraine and an economic slowdown in China.
Why can’t more vaccines be made?
The Economist online
In a podcast, economist Jayati Ghosh argues that suspending patents on the COVID vaccine will help solve shortages in poorer countries.
Why do the Indian farmer protests matter?
In an audio interview, Jayati Ghosh discusses why the ongoing protests by farmers against the Indian government matter.
Select Publications (6)
The Myth of Global Grain ShortagesProject Syndicate
Jayati Ghosh writes, "Contrary to popular belief, the war in Ukraine has not led to a global shortage of wheat. While global hunger has surged in recent years, the way to address the current food crisis is by focusing on its real causes: financial speculation and corporate profiteering."
Budget 2023 Has Chilling Implications for India's PeopleThe Wire
The annual budget is generally supposed to be a statement of not only the Union government’s actual and proposed revenue raising and spending plans, but also of its general economic policy intent. If so, the indications this year are chilling.
Earth for All: A Survival Guide for Humanity (BOOK)New Society Publishers
Jayati Ghosh et al
Earth For All is both an antidote to despair and a road map to a better future. Using powerful state-of-the-art computer modeling to explore policies likely to deliver the most good for the majority of people, a leading group of scientists and economists from around the world present five extraordinary turnarounds to achieve prosperity for all within planetary limits in a single generation.
The world may be on a path to collapse. Whether it heads there is for us to decideThe Globe and Mail
Jayati Ghosh writes that the world may be on a path to collapse without significant economic and social transformations. A new report produced by the Club of Rome’s Transformational Economics Commission, of which Ghosh is a member, and a team of computer modelers, calls for five major initiatives to eliminate poverty, reduce inequality, empower women, transform food systems, and overhaul energy systems by ‘electrifying everything’.
Three lessons from countries that performed best in tackling Covid-19 challengesSouth China Morning Post
Jayati Ghosh and Mariana Mazzucato
Professor Jayati Ghosh co-authors an opinion piece naming the three key factors in determining a country’s success in handling the pandemic: long-term investment in public health systems, mission-driven leadership and sufficient fiscal space.
The G7’s role in the worldSocial Europe
Jayati Ghosh unpacks the G7 summit in England and finds an anachronistic coalition failing to meet global responsibilities.