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Europe
and Brexit |
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Britain's
vote to leave the European Union adds
to the uncertainty in the world economy
and the unfolding crisis in the region
will inevitably affect developing countries
as well. This section presents analyses
of the vote on Brexit and its implications
for Britain, for the European Union and
for the global economy.
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| The
BRICS Bank |
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The
announcement of a BRICS development bank
in the context of the ongoing global economic
turmoil assumes a special significance.
Some perceive it as an alternative to
the already discredited World Bank with
its North Centric leadership resulting
in a dogmatic imposition of neo-liberal
conditionalities on the indebted South;
many assume this as a watershed, signaling
the shift in global economic governance
from the traditional powerhouses of the
North to the newly emerging powerhouses
of the South; while others perceive it
as a tool to be used by the member countries
to increase their influence in their respective
Southern pockets.
This section includes articles analysing
the emergence of BRICS Development Bank
and its possible implications for global
economic governance, regional impact of
the BRICS nations, and other repercussions.
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| 10
years of IDEAs: Conference series |
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To
commemorate the completion of 10 eventful
years, International Development Economics
Associates (IDEAs) organised a Conference
titled ''Global Economy in a Time
of Uncertainty: Capitalist trajectories
and progressive alternatives'' in Muttukadu,
Chennai, during 24-26 January 2012,
and a Seminar titled ''Whither
Global Capitalism'' in the Convention
Centre, Jawaharlal Nehru University (JNU),
Delhi, during 28-29 January 2012.
This section contains the contributions
by the various participants in the two
events.
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| Re-regulating
Finance |
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Following
the financial crisis, much has been done
for preventing systemic failure in the
financial sector, stalling economic downturn
and ensuring a recovery. However, the
adequacy and appropriateness of the measures
adopted remain questionable. As far as
reforming the financial sector is concerned,
despite a spate of proposals, agreement
on the appropriate mix of policies and
the progress with implementation have
been limited. This section presents papers
and articles that analyse the adequacy
of various proposals and measures, the
challenges that could arise at the time
of implementation and advocate additional
or alternative measures. Some of these
papers also take a renewed look at the
veracity of the arguments given for explaining
the genesis of the crisis. |
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| The
Global Financial Crisis |
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It
is now more than two years since the sub-prime
lending crisis in the US mortgage sector
came to light. The unprecedented financial
crisis in the developed world brought
with it the end of the illusion of the
market being ''efficient''. This section
presents papers and articles that seek
to explain the causes and consequences
of the U.S. sub-prime mortgage crisis.
Through a critique of the underlying structure
and dynamics of deregulated finance, they
analyse how this crisis led to a generalized
credit crunch in other financial sectors
and ultimately affected the world economy
at large. There are also theoretical papers
that explore the related issues, all of
which provoke a fundamental rethink on
financial liberalisation in order to reduce
the systemic and global instability associated
with it. |
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IDEAs
Conference on 'The Value of Money in Contemporary
Capitalism' 12-13 September 2008, World
Wildlife Fund Auditorium, 172 B Lodi Road,
New Delhi, India |
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International
Development Economics Associates (IDEAs)
organised a two day conference on 'The
Value of Money in Contemporary Capitalism'
in New Delhi on 12th and 13th of September.
The conference was meant to address issues
around the role of money in contemporary
capitalism, in both national and international
contexts. The starting point was a new
book by Prof. Prabhat Patnaik entitled
“The Value of Money”. The book provides
a logical critique of monetarism, which
has become the dominant stream of contemporary
macroeconomics. The first part of the
conference focused on a consideration
and assessment of the arguments made in
the book, at both theoretical and empirical
levels. The second part of the conference
was devoted to analyses of recent tendencies
in money, finance and real economies in
particular countries and in the world
economy. |
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| The
Global Food Crisis: The Inevitable End to
a Tale of Neglect? |
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In
spite of some downturn in food prices,
it seems that the global food crisis is
here to stay. FAO projections for 2008-2017
show much higher decadal prices for food
than the decade just past. This puts under
threat the poor in developing countries
and make the millennium goals that much
more unattainable. While supply and demand
mismatches may turn out to be short run
factors, the sheer price volatility in
food markets show that the role of speculation
cannot be ignored. The emergence of biofuels
also poses a threat to global food security.
However, the long run policy neglect of
agriculture in developing countries and
a warped policy approach to liberalise
trade at whatever cost to domestic food
sufficiency remain the basic crux of the
matter. |
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Inflation
Targeting: Issues and
Alternatives |
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This is a set of papers
which covers theoretical and empirical
research on the issue of inflation targeting.
The papers specifically cover various
outcomes of inflation targeting as well
the controversies, exploring alternative
approaches, methodologies and solutions.
While the impact on employment remains
a primary concern of the papers, other
specific issues which have been covered
are; employment costs of inflation reduction
in developing countries from a gender
perspective, looking at the nature of
inflation targeting from a class based
social perspective, a comparison of inflation
targeting and real exchange rate targeting
in affecting economic growth and employment.
In addition, country specific studies
on the impact of inflation targeting and
alternatives in Mexico, Argentina, Brazil,
Turkey, India, Vietnam, and Philippines
are included. |
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| International
Conference on 'Policy Perspectives on Growth,
Economic Structures and Poverty Reduction'
held in Beijing, China, 7-9 June, 2007 |
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theme of IDEAs' Beijing Conference 2007
is particularly relevant as the recent decades
have thrown up interesting dilemmas for
the developing world in terms of experiencing
economic growth coupled with increases in
income inequality and inadequate reduction
of poverty. The conference therefore focussed
on the extent and nature of growth in developing
economies, particularly in Asia. It explored
the extent to which the growth process has
been related to shifts in underlying economic
structures with adverse impacts on poverty
and inequality, or to policy paradigms,
both domestic and external, which have created
these contradictions within the growing
developing world. The impact on livelihood
and employment patterns, sectoral shifts
in investment, production, and incomes,
the impact on human development and gender
are all sought to be studied in detail. |
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| China:
A Study in Contrasts |
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| China
has always appeared to the rest of the world
as an amazing mix of contrasts. Two papers
on China show the interesting contradictions
that China poses in this global phase of
liberalisation, both within itself and in
comparison to the outside world. Both papers
highlight how China's development in this
era has presented a deviation from the general
global direction of market reform in the
institutional dimension. The Chinese case
has shown an interesting mix of industrial
institutions within China, which has accounted
for simultaneous improvements in both allocative
and productive efficiency.
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| More
on Featured Themes >> |
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