Globalization and Democracy

The gathering momentum of globalization in the world economy, since 1980, has coincided with the spread of political democracy across countries. Economies have become global. But politics remains national. Globalization constrains both degrees of freedom for nation states and space for democratic politics. Yet, political democracy could provide checks and balances vis-a-vis markets and globalization.

Deepak Nayyar is Emeritus Professor of Economics at Jawaharlal Nehru University, New Delhi, and was, until recently, Distinguished University Professor of Economics at the New School for Social Research, New York. He is an Honorary Fellow of Balliol College, Oxford. He was Vice-Chancellor of the University of Delhi. He also served as Chief Economic Adviser to the Government of India and Secretary in the Ministry of Finance.

He has published numerous articles and several books. These include Stability with Growth: Macroeconomics, Liberalization and Development, Governing Globalization: Issues and Institutions, and The Intelligent Person's Guide to Liberalization. His latest book, Catch Up: Developing Countries in the World Economy, was published by Oxford University Press, Oxford, in late 2013.

Peter Ronald deSouza is Professor at the Centre for the Study of Developing Societies.

Friday, 21 February 2014, 6 pm
CSDS Seminar Hall