CENTRE FOR NEW ECONOMIC STUDIES* Nickeled & Dimed Nickeled & Dimed is a forum to provide an eco- nomic outlook to issues in public discourse. Be it in foreign policy, development or politics, we encour- age the articulation of opinions which diverge from perspectives provided by mainstream media. May – Dec 2016 Write for us! Send in your contributions to us at [email protected] or click here. A Half Yearly Update Liquidity Crunch and its Implications on Argentina The macroeconomic history of Argentina has always been a tumultuous one. Through this article, Achyut Mishra attempts to demonstrate the effects of liquidity crunch on Argentina, especially its banking sector, over the years. India and Brexit What does the post-Brexit aftermath imply for India? Richa Sekhani poses the question for India to assess what the possible short and long term implications can be. Follow us on Examining Migration Governance in India This study by Colonel Sudhir Nair reveals an insight into the similarities between the economic models of Brazil and India, and their identical growth pattern, especially, in the 90’s. Book Review: Debt-Updated and Expanded-The First 5000 Years In this sharp review of D. Graeber’s book, ‘Debt-Updated and Expanded: The First 5000 Years’ released in 2014 Tejaswini Chepyala traces the financial crisis of 2008 back to the historical roots of debt to weave an informative and eye-opening essay. The Social-Justice Implications of Brexit In the ongoing brouhuahua over Brexit, Kalyani Unkule tries to uniquely assess the impact on global social justice through the various consequences Brexit threatens to have on politics, trade relations, and the lives of the British people. Two Years Since Make in India In this article, Ashwath Komath revisits the arguments for the Make in India programme, nearly two years since its conception, to assess whether it is truly needed and beneficial in the Indian development context. How Gender Inclusive is MNREGA in practice? MNREGA mandates that a third of all workers under the pro- gramme should be women. But how gender inclusive has the implementation of the Act been? This column by Upasak Das uses nationally representative data to analyze participation of women in MNREGA. Coming South in search of a Bride Despite Haryana’s infamous skewed sex ratio and terri- ble treatment of women, Malayali women are marrying Haryanvi men. S. Irudaya Rajan and Sharada Srinivasan explore the strange case of how women from Kerala are wedding men from Haryana in what often turn out to be disastrous marriages. Sectoral Analysis: E-commerce in India Abider Shaikhmuhmad writes of the overall growth and devel- opment of the e-commerce sector in India with respect to e-travel and the opportunities and challenges faced by it presently as well as in the long run in the sector and the nature and scope of the Digital India Campaign. East China Sea Dispute is Getting Worse not Better With the diplomatic talks having effectuated zilch, are we looking at another Sino-Japanese conflict? Why would the international tribunal not be the effective way to deal with the dispute, which is potentially getting worse? Amrita Jash contemplates a military crack-up between the two nations unless joint initiatives are taken to mitigate the growing tension from both sides. Rohingya’s in Delhi: “Had I Not Escaped I Would Have Been Killed” Despite having been termed “the world’s least wanted”, the Rohing- yas are determined to get back their rights they were once denuded of. Devika Sahni writes about their escape from Myanmar to India, for a livelihood. But having earned nothing but betrayal from the government, they should now make do with what ’s left of them… India’s Alternative Approach Towards African Market. In this article, Atharva Deshmukh argues that despite the availability of abundance of mineral reserves in Africa, the country depends on foreign economic actors and investments owing to the lack of a sustainable manufacturing sector. This makes Africa prone to exploitation, by countries that look for an external source to uplift their consumer markets. However, the Indian economy seems to have a different approach towards the African markets. Asia’s Cauldron – The South China Sea and the End of Stable Pacific by Robert D. Kaplan Robert D. Kaplan is an American journalist whose articles about U.S. and Chinese power have spurred debates in the media, academia and high levels of governments. Kalyani Menon reviews his book, “Asia’s Cauldron”, where, he had predicted the coming of South China Sea dispute, referring to it as the “simmering pot of potential conflict”, i.e. a cauldron. The Commodity Price Shock in Venezuela The state of Venezuela currently finds itself in a belea- guered 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. Aid as the Catalyst for Reduced Trust in Institu- tions A recent article on the Economist magazine makes a very direct argument that diagnoses why underdeveloped states do not attract resources for development. The article, by Xiaochen Su, seeks to establish that “lack of trust,” particu- larly on societal institutions, is the root cause of economic failures. Rajan’s craftsmanship Through this article, Deepanshu Mohan expresses his con- cerns about the unsatisfactory approaches ad opted by most educational institutions towards learning Economics, and lists out the factors that set Raghuram Rajan apart, as a bril- liant craftsman of discipline of economics. Reaganomics as Trumped up Trickle down? Do you think Trump’s reimplementation of a slightly tweaked Reagonomics policy would work for America, given the vast dif- ferences in the economy during Reagan’s era and now? Sanjana argues otherwise. *Previously, Centre for International Economic Studies. Change of name, with effect from Jan 1, 2017.