Dear Readers, Today is 4th July, the U.S Independence day. On this day almost 250 years back in the year 1776, 13 states in the U.S declared their independence from British rule and took the first step towards forming the United States of America. In this very same year something special happened across … More Pandemic: Rethinking Economics
Dear Readers, As we enter the last week of June 2020 and get ourselves ready to start the second half of 2020, it’s a moment to pause and reflect. We entered 2020 on a note of slowing globalization in the backdrop of U.S- China trade war and a host of anti tariff measures between U.S … More “Slowbalization” of the World Economy
Dear Readers, In today’s blog I want to take the liberty of venturing away from Pandemic and talk about a totally different subject – India- China relationship. The people of India woke up on June 16th 2020, to the disbelieving news of 20 Indian soldiers martyred by the Chinese troops. Indians never expected this from … More India-China: History of mistrust & Trade
Dear Readers, We are in the middle of June 2020, more than 13 weeks have passed since self quarantine started in large parts of the world to restrict the pace of Pandemic. During this period more than 7.7 Million people got hospitalized, excess of 430,000 people died and millions got unemployed. The Pandemic hit all … More Global Connectedness, Social Inequality & Pandemic
Dear Readers, In last week’s blog (https://soumendaslive.com/2020/05/31/post-covid-19-prediction-for-crisis-prone-industries-part-i/) I had build an analytical framework to select three industries which have historically been vulnerable to a global crisis and studied their response to the past crisis to predict their possible response to the current Pandemic. I had mainly selected them based on a three point criteria system of … More Post COVID-19 Prediction for Crisis Prone Industries – Part II
Dear Readers, The last few days have seen unrest spreading to several U.S. cities in the aftermath of the killing of an unarmed African American by a white police officer but still the markets are rising. The investors are betting on the revival of the economy and hardly have time for news of social unrest. … More Why Wall Street is rising when Main Street is burning?
Dear Readers, As I begin to write this blog, there are reports from different parts of the globe of Governments considering a full opening of the economic activities and removal of all restrictions. Policy makers believe that time has come for people to accept COVID-19 as a harsh reality and move on with their daily … More Post COVID-19 Prediction for Crisis Prone Industries – Part I
Dear Readers, We are now more than 100 days into the Pandemic, quarantine in our homes and watching the virus ravage human lives and livelihood. As I am writing, globally more than 350,000 people have lost their lives and millions have lost their jobs. No one knows when this will end but countries have started … More Winners and Losers of COVID-19 Pandemic
Dear Readers, In my last two blogs on COVID-19 crisis, I had focused on the pandemic, policy action necessary to flatten it, possible scenarios of recovery and suggested lessons to draw from a similar episode called Spanish Flu in 1918-1920. One week has passed since the last blog and the world has lost another 30,000 … More COVID-19: Macroeconomic and Financial Crisis in Emerging Economies
COVID-19 is an unprecedented health and economic crisis that is causing havoc in our lives. Three things make it different from earlier global crisis. First, it is a combination of a health pandemic and an economic crisis. Second, the crisis became global in record time giving precious little time to prepare. Third, it has affected … More COVID-19 Choking the world and Policies to flatten the curve.