In the News: Devashish Mitra
Mitra discusses Indian redistributive programs in Economic Times
"No economist providing policy prescriptions can ignore the political constraint of the inevitability of redistribution to the bottom 20-30 percent," writes Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs. "Therefore, an important task before any policy economist is to suggest the most efficient form of this redistribution—one that hurts the rest of the society the least. Of course, it also has to be fiscally viable and responsible."
See related: Economic Policy, India
Mitra analyzes India's minimum income proposal in the Indian Express
"For those who might totally dismiss such a scheme, by saying that it amounts to socialism, let me remind them that many believers in the power of markets, including myself, have throughout been in support of cash transfers as the least distortionary method of redistribution and fighting poverty," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.
Mitra reviews effects of opening trade on developing Asia in Asian Development Bank Institute blog
"Even though in aggregate, trade leads to economic gains, it almost always creates winners and losers," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs." He adds that social protection policies "need to be in place for equity reasons as well as to build and sustain support for free trade."
Mitra paper on land reform enactments published in Journal of Development Economics
Mitra discusses tariff retaliation by India in Livemint article
Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, says, "any tariff increase will come at a huge cost to India’s consumers as well as producers who use imported inputs."
Mitra op-ed on labor market imbalances in India published in Mint
"While good ideas to deal with them exist both within and outside the government, implementation is key. This is where the government often does not perform well," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.
Mitra discusses steel tariffs in Auburn Citizen
"Tariffs on the imports of steel will make steel more expensive here, thereby raising the cost of production in steel-using industries and making them less profitable," says Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs. "These steel-using industries will then cut employment."
Mitra article on protectionist populism in US published on INSEAD blog
Why is free trade popular in the U.S, despite the success of many protectionist candidates in US politics? These syracuse professors explain that protectionist rhetoric is enjoyed by voters, who are ideologically committed to nationalist values such as protectionism, while still seventy eight percent of college graduates believe that free trade is an opportunity for economic growth.
Mitra discusses India's restrictive labor regulations in Livemint
Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs, argues that "restrictive labor regulations have prevented India from reaping the full potential benefits of opening up the economy."
Mitra comments on alleged capital dumping in India in Economic Times
"If there is predatory dumping (along with injury to indigenous firms and local labour), there needs to be an anti-dumping tax (equal to the calculated dumping margin), which is similar to anti-dumping duties on internationally traded goods," says Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs.
Mitra weighs in on India's tariff hikes in Wall Street Journal
Instead of raising tariffs India should have emulated China by reforming labor laws and maintaining a low-tariff regime on intermediate goods to attract export-oriented global manufacturing firms, according to Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs.
Mitra gives keynote at Workshop in Economic Research at Indian Institute of Management, Bangalore
Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs, argues that trade has been beneficial to developing countries in Asia, with competition leading to higher productivity, lower price-cost markups and lower poverty.
Mitra explains how trade spurred growth in Asia at ADBI conference
"There is a mechanism that will distribute gains from trade in a more inclusive way," said Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs, "that, over time, will build the support for globalization."
Mitra pens OpEd for Indian Express on PM Modi's economic reforms
"If the government is serious about exports and jobs, a bolder approach needs to be taken on labor reforms," says Devashish Mitra, professor of economics and the Gerald B. and Daphna Cramer Professor of Global Affairs, about the Indian government.
Mitra op-ed on Trump's anti-globalisation agenda in The World Financial Review
"The solution to our jobs problem is not trade protection but social protection and subsidised higher education," writes Devashish Mitra, professor of economics.
Mitra op-ed on effects of demonetisation in India in The Quint
The best case scenario for the long-term effects of demonetisation, therefore, is that there is no effect at all," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.
Mitra's research on offshoring cited in Huffington Post article
A research paper by Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, found that “temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry.”
Mitra op-ed on India's jobless growth in Bloomberg Quint
According to Devashish Mitra, professor of economics & Gerald B. and Daphna Cramer Professor of Global Affairs, "to fully employ the growing labour force gainfully and productively, India will probably have to create tens of millions of modern-sector jobs over the next few years."