The Commodity Price Shock in Venezuela

The state of Venezuela currently finds itself in a beleaguered state. The downturn in global commodity prices, particularly oil (Venezuela’s chief export), has hit the Venezuelan economy hard. In this article, Achyut Mishra attempts to analyse the relationship between a Commodity Price Shock (henceforth CPS) and various macroeconomic indicators of Venezuelan economy.

The Mirage of Inclusive Growth

In this article, Deepanshu Mohan speaks of the need to unlearn the theoretical neo-liberalist idea of inclusive growth, to delve into a more pragmatic approach where growth and redistribution are hinged on to each other, and how government interference is imperative to purge growth inequalities that stemmed out from the pro-market policies.