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Reverse Subsidies in Global Monopsony Capitalism

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Meeting No: 2512 831 1479
password: capitalism


This book provides a firm analytical base to discussions about injustice and the unequal distribution of gains from global production in the form of global monopsony capitalism. It utilizes the concept of reverse subsidies as the purchase of gendered labour and environmental services below their costs of production in garment value chains in India and other garment producing countries, such as Bangladesh and Cambodia. Environmental services, such as freshwater for garment manufacture and land for cotton production, are degraded by overuse and untreated waste disposal. The resulting higher profits from the low prices of garments are captured by global brands, using their monopsony position, with few buyers and myriad sellers, in the market. This book links the concept of reverse subsidies with those of injustice, inequality and sustainability in global production.

About the Speakers

Dr. Lakhwinder Singh

Dr. Lakhwinder Singh is Emeritus Professor in Economics, Commerce and Management, Khalsa College, Punjabi University, Patiala. Prior to this, Dr. Singh has been Professor and Head, Department of Economics, Punjabi University, Patiala where he has founded Centre for Development Economics and Innovation Studies (CDEIS). He is the founding Editor, Millennial Asia-An International Journal of Asian Studies published by SAGE that is indexed in SCOPUS and Clarivate Analytics (ESCI). He has contributed nine books and more than hundred articles in various reputed journals and leading national dailies. He has authored Agrarian Distress and Farmer Suicides in North India published by Routledge 2020. Professor Singh is Coordinator of Indialics-a Chapter of Globelics in India. He has held several visiting positions including Yale University, USA and Seoul National University, South Korea. His specialization is Development Economics, Innovation Systems, Regional Economics, Area Studies and Punjab Economy. He has a teaching experience of more than 32 years and successfully supervised 20 Ph.D Students.

Sukhpal Singh

Dr. Sukhpal Singh is Professor and Former Chairperson, Centre for Management in Agriculture (CMA), Indian Institute of Management (IIM), Ahmedabad, Gujarat, Former Director General, Centre for Research in Rural and Industrial Development (CRRID) Chandigarh, and Former Professor and Head, Agricultural Economic Research Unit (AERU), Institute of Economic Growth (IEG), New Delhi. He has earned his Ph D from ISEC Bangalore (Bangalore University) and M Phil from CDS (JNU New Delhi).

He is founding co-editor, Millennial Asia-an intl. journal of Asian studies published by Sage.

He has 14 books and more than 150 research papers in international/national journals/edited books, besides 70 articles in newspapers and magazines. The latest books are:

Reverse Subsidies in Global Monopsony Capitalism, CUP, 2022 (co-authored).

Covid-19 Pandemic and Economic Development- Emerging public policy lessons for Indian Punjab, Palgrave Macmillan, 2021 (co-edited).

Institutional Innovations in the Delivery of Farm Services in India: A smallholder perspective, 2018, Springer, Singapore

He is on the boards of many non-profits and academic bodies working in the agri and rural and social space

He was a visiting fellow at the IDS, Sussex (the UK), Chulalongkorn University, Bangkok (Thailand), the University of Manchester (the UK); and the Copenhagen Business School (Denmark).

He has been a member of various committees/working groups of the Planning Commission of India/NITI Aayog, the National Development Council, the Food Safety Standards Authority of India, and the EC of the Mission on Integrated Development of Horticulture (MIDH) and committee on warehousing. He was a member of the standing working group on agri and allied sectors of Chhattisgarh State Planning Commission, and the Committee for FPO policy for Punjab and Committee on MSP and other mechanisms for farmers in Chhattisgarh.

Rahul S.

Rahul S is Assistant Professor at School of Management and Labour Studies Tata Institute of Social Sciences. He is a data enthusiast and works on both micro and macro databases. He specialises in designing research studies and analytics and empirics of the same. His research interest aligns with labour, value chains, public policy and governance.

A.R. Vasavi

A.R. Vasavi, a Social Anthropologist, is with the PUNARCHITH COLLECTIVE that works on alternative learning for rural youth. Her areas of academic interest are agrarian studies, sociology of education, and sociology of India.

Dr. Selim Raihan

Professor Selim Raihan is a Professor at the Department of Economics, University of Dhaka, Bangladesh and the Executive Director of the South Asian Network on Economic Modeling (SANEM). He holds a PhD from the University of Manchester, UK.

Professor Raihan is the Honorary Senior Research Fellow at the University of Manchester, UK. He is an alumnus of Harvard University’s program on “Cutting Edge of Development Thinking”. He possesses vast expertise in empirical research on international trade, economic growth, poverty, labour market, macroeconomic policies, political economy, and climate change issues. He has worked quite extensively on applied economics, especially assessing impacts of trade and economic policies, using country-specific and global Computable General Equilibrium (CGE) models, and micro and macro-econometric modelling and estimation techniques. He has a long experience in teaching international trade, economic modelling, quantitative economics, econometrics, development economics, and poverty dynamics. He has more than 15 years of experience in conducting international and national training programmes on economic modelling in various countries, including Bangladesh, India, Nepal, Mongolia, Senegal, Sri Lanka, and Thailand. He has published several journal articles, books, book chapters and working papers.

Professor Raihan is the editor of Thinking Aloud – a monthly digest from SANEM. He regularly writes columns in leading English and Bengali dailies in Bangladesh. He contributed extensively to the preparation of the Sixth and Seventh Five-year National Plans of Bangladesh. He led a research team to prepare the SDG Financing Strategy: Bangladesh Perspective -a flagship publication of the Planning Commission of Bangladesh. He has worked for several national and international organizations including the Asian Development Bank, the World Bank, UNDP, UNESCAP, UNCTAD, IFPRI, the Commonwealth Secretariat, FAO, European Commission, ILO, IDRC, DFID, etc. He has led and has also been a member of a number of regional and international research projects on trade and regional integration issues. Also, he has been working on the political economy analysis of economic issues. The most recent ones are the studies on Bangladesh Institutional Diagnostic, which are prepared under his leadership and supervision, for the DFID, UK.

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