In “Revising India’s Economic Growth Transitions,” Deepankar Basu examines two questions relating to India's economic growth trajectory: structural breaks in growth and the impact of equipment investment on aggregate economic growth. He first shows that substantial accelerations in India’s growth path have occurred only at two points since the 1960s, in 1978-79 and 2004-05. Basu also finds that private investment in equipment and machinery exerts a significant positive impact on India’s GDP growth. These findings shed new light on how India transitioned from a slow to a fast overall growth trajectory starting in the 1990s.

In this review article for Development and Change, PERI researcher Robert Pollin evaluates the International Labour Organization’s (ILO) extensive 2018 World Employment and Social Outlook report Greening with Jobs. Pollin finds that, within the context of the extreme climate crisis, Greening with Jobs succeeds as an important contribution towards building a unified program for achieving climate stabilization, expanding decent job opportunities and raising mass living standards for working people and the poor throughout the world. At the same time, Pollin’s review article also points out what are, in his view, some weaknesses and significant gaps in the study.

In “The American Corporation in Crisis—Let’s Rethink It,” PERI researcher Lenore Palladino argues that, for decades, the concept of shareholder primacy in corporate organization has abandoned the idea that corporations’ employees should benefit when the corporations are succeeding. Over recent decades, the commitment to shareholder primacy has contributed to the persistent rise of inequality between workers versus their employers—i.e., top management and share owners. Palladino proposes approaches to create more egalitarian corporate structures. Thirteen leading analysts comment on Palladino’s proposals in a special Boston Review Forum, and Palladino responds to the commentators.