India: Unhedged Currency Risk of Corporations

Many people think that a firm gets exposed to currency risk owing to imports, exports and foreign borrowing. This is an incomplete picture. Suppose a firm switches from importing steel to buying imported steel from a domestic dealer.

Stratfor: A Microcosm of India’s Geopolitical Challenge

by Stratfor India is set to inaugurate its 29th state: Telangana will be carved out of the existing southern state of Andhra Pradesh after the highest working body of India’s ruling Congress Party decided late July 30 to find the legal means to create the new entity. The success of the Telangana movement for statehood …

Country Income Shares in PPP

by Jayati Ghosh, Triplecrisis.com The UNDP’s latest Human Development Report 2013 (entitled “The rise of the South”) has one particularly striking chart that it uses to make the point about the recent growing economic significance of some “emerging” nations. In Chapter 1, Chart 3 suggests that just three countries (Brazil, China and India) together account …

Is South-South Economic Interaction Any Better for Poor Countries?

by Jayati Ghosh, from Triple Crisis Blog It used to be believed that that economic interaction between developing countries (South-South integration) would necessarily be more beneficial than North-South links. The latter were seen as reproducing the global division of labour that emerged by the mid 20thcentury, whereby much of the developing world essentially specialized in …