Are Emerging Markets Still Developing? And What is Development Anyway? SOAS, University of London
Channel: SOAS University of London
Date: 2015-10-15

http://www.soas.ac.uk/development/

This seminar by Professor Jayati Ghosh (School of Social Sciences, Jawaharlal Nehru University, New Delhi, India) was given as part of the Development Studies Seminar Series at SOAS University of London on 6 October 2015.

Emerging markets are now seen to be retreating – but they are essentially defined not so much by their rising per capita incomes as by their integration into global financial markets. This has been touted as a sign of their coming of age – but in fact it could actually impede and retard their development project, especially if development is not seen as poverty alleviation but as structural transformation. I will examine recent macroeconomic changes in a number of “emerging market economies” to argue that their financial globalisation is the real source of what has been called the “middle income trap”.
 
Professor Ghosh is a distinguished development economist. She has written extensively on topics including international economics, employment, gender, finance and the Indian economy, authoring and co-editing several books and more than 120 scholarly articles. Described by the Guardian newspaper as one of the world’s leading economists, she has received awards from the ILO and UNDP for her research. She teaches at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi, India and is the Executive Secretary of International Development Economics Associates (IDEAS), an international network of heterodox development economists. 

More about this event http://goo.gl/sZ1u40