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10 years of IDEAs: Conference series

To commemorate 10 years of International Development Economics Associates (IDEAs), we are organising 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 Center, Jawaharlal Nehru University (JNU), Delhi, during 28-29 January 2012. The following papers and notes are the contributions by the various participants in the two events.

Global Crisis: How deep and for how long?

  • Quo Vadis World Economy
    Alex Izurieta
       
  • Is it Great Depression-II? Crisis in Theory and Policy
    Rohit

Can the Euro Hold?

  • Can the euro hold? A proposal for a Growth and Fiscal Compact
    Mario Tonveronachi
        
  • Can the Euro Hold?
    Michael A Landesmann
      
  • Crisis in the European Periphery A Evolutionary Perspective
    Rainer Kattel

        
  • A Proposal for a Growth and Fiscal Compact
    Mario Tonveronachi

The Future of Finance

  • Future of Finance
    Sushil Khanna

Long-run Roots of the Crisis

  • Long-run Roots of Generic Financial Crises
    Erik S. Reinert
       
  • Dynamic Comparative Advantage and Long-run Roots of the Crisis
    Nobuharu Yokokawa

The Agrarian and Food Crises

  • Agriculture and Food Security
    Himanshu
        
  • Resolving the Food Crisis: Assesing global policy reforms since 2007
    Timothy A. Wise and Sophia Murphy           
    [Click here for presentation]

      
  • Income Inequlity in India
    Madhura Swaminathan
      
  • Return From Crop Production of India
    Vikas Rawal
         
  • Notes on Land, Long Run Food Security and the Agrarian Crisis in India
    Sheila Bhalla

Competition for Resources

  • Scramble for Africa’s Agricultural Land: A note on India’s excursions
    Praveen Jha   
       
  • Competition for Resources: Its time for Africa?
    Parthapratim Pal

Is Decoupled Growth Possible

  • Current Indonesian Economic Growth: Is it an indication of decoupling from world downturn?
    Hendri Saparini    
         
  • To decouple or to couple? A question for Latin America
    Juan Carlos Moreno Brid
       
  • Is Decoupled Growth Possible
    Surajit Majumdar

Changing Global Production Structures

  • Changing Global Production Structures
    Ravi Srivastava

Challenges to Neoliberalism 1

  • Chaebol, and Korean Capitalism: Counter-democratic appropriation of neoliberalism
    Chang Kyung-Sup

Challenges to Neoliberalism 2

  • Challenges to the Global Economy in Uncertain Times: The lessons from Latin America
    Alicia Puyana
         
  • Challenges to Neoliberalism
    Erinç Yeldan
IDEAs Policy Briefs
  • Cash Transfers as a Strategy for Poverty Reduction:
    A critical assessment

    IDEAs Policy Brief No. 03/2011
        
  • Investment Provisions in Trade Agreements: Critical
    issues

    IDEAs Policy Brief No. 02/2011
       
  • Evolution of the Financial Sector and Financial Regulation in Singapore
    IDEAs Policy Brief No. 01/2011
Featured Articles
Social Protection and Socioeconomic Security in Nepal
Gabriele Koehler

Nepal is a 'least developed country' characterised by significant socioeconomic insecurity that is currently witnessing some interesting socio-political policy innovations, triggered by the end of a ten-year violent conflict. The article explores the social protection policies devised by the interim government to address the various dimensions of insecurity, discusses their novelty, limitations and offers suggestions for improvements.

 
Explaining Global Financial Imbalances: A critique of the saving glut and reserve currency hypotheses
Thomas I. Palley
This paper examines three different explanations of the global financial imbalances. It begins with the neoliberal globalisation hypothesis that explains the imbalances as the product of the model of globalisation implemented over the past thirty years. It then examines the saving glut and reserve currency hypotheses. The paper concludes by arguing that both the saving glut and reserve currency hypotheses are inconsistent with the empirical record and both provide a misleading guide for policy.
 
IDEAs Activities
  • International Seminar on ''Whither Global Capitalism?''
    organised by International Development Economics Associates (IDEAs), Jawaharlal Nehru University, New Delhi, 28-29
    January, 2012.
  • International conference on ''The Global Economy in a Time of Uncertainty: Capitalist trajectories and progressive alternatives'', organised by International Development Economics Associates (IDEAs), Muttukadu, Chennai, India, 24-26 January, 2012.
IDEAs Working Papers
IDEAs Working Papers
 

Trade Policies and Ethnic Discrimination in Mexico
Alicia Puyana and Sandra Murillo

 

IDEAs Working Paper No. 03/2011

The New Vulture Culture: Sovereign debt restructuring and trade and investment treaties
Kevin P. Gallagher


DEAs Working Paper No. 02/2011

 
Events & Announcements
  • International Seminar on ''Whither Global Capitalism?''
    organised by International Development Economics Associates (IDEAs), Jawaharlal Nehru University, New Delhi, 28-29
    January, 2012.

       
  • International conference on ''The Global Economy in a Time of Uncertainty: Capitalist trajectories and progressive alternatives'', organised by International Development Economics Associates (IDEAs), Muttukadu, Chennai, India, 24-26 January, 2012
        
Alternatives
Monetary Union Stability: The need for a government banker and the case for a European public finance authority
Thomas I. Palley

There is accumulating evidence that the euro's current architecture is unstable. The source of instability is high interest rates on highly indebted countries which creates unsustainable debt burdens. Remedying this problem requires a central bank that acts as government banker and pushes down government bond interest rates to sustainable levels. That can be accomplished by the creation of a European Public Finance Authority (EPFA) that issues public debt which the European Central Bank (ECB) is allowed to trade.

 
Modernizing Russia: Round III. Russia and the Other BRIC Countries: Forging ahead, catching up or falling behind?
Erik S. Reinert and Rainer Kattel
Looking at Russian economic dynamics through evolutionary and Schumpeterian Other Canon lenses, the authors provide alternative explanation as to why Russia is still lagging behind other BRIC and leading catching-up economies. In this context they argue that learning from successful cases of managing industrial policy under the WTO - what the rest of the BRIC economies have long been doing - is perhaps the main issue for Russia's economic policy-making in the near future.
 
News Analysis
The Role China Plays
C.P. Chandrasekhar

China, which is being touted as the biggest challenger to US economic supremacy, is witnessing slowdown in its growth rates. However, such a slowdown could prove to be bad news for the US economy as well, because China also happens to be the biggest market for all US MNCs.

Could Ecuador be the most radical and exciting place on
Earth?
Jayati Ghosh

A decade ago, Ecuador was a banana republic, an economic basket case. Today, it has much to teach the rest of the world.

Year of Centenaries
Jayati Ghosh

100 years ago when Gustav Mahler composed his 9th Symphony, it reflected the troubling times he lived in. It was music for uncertain times, even though it contains within it certainties of different kinds. 100 years later, there is almost a sense of déjà vu with Europe, and indeed the whole world, now faced with another period of political and economic volatility.

India's External Sector
C.P. Chandrasekhar and Jayati Ghosh

Even before global currents caused relatively rapid outflows of mobile finance capital from India, the Indian economy was vulnerable on the external front. The recent pattern of growth that has been reliant on capital inflows to generate domestic credit-driven bubbles, rather than trade surpluses is not sustainable and puts the economy at greater risk.

Myanmar - Reflections on a ''Rich Country with Poor People"
Gabriele Koehler

The sudden interest in Myanmar by the West after years of ostracizing is not just a response to the reforms being introduced by the Government of Myanmar, but stems from the realization that China and India have been benefiting from the abundant natural resources of Myanmar that they missed out on. However Myanmar has the means to use its policy space to innovate and create a democratic developmental welfare state with the new acceptance it has found internationally.

The Nature of the Current Capitalist Crisis
Prabhat Patnaik

The most common interpretation of the current capitalist crisis is that this was caused by the collapse of the housing bubble, accentuated by 'bad economics'. Interpreting the current crisis as such a situational crisis would be erroneous, as the developments since the outburst of the crisis in 2008 clearly prove that the problem is more of a systemic crisis of capitalism.

Lies, Damned lies, and Statistics: On Arvind Panagariya's Kerala adventure
R. Ramakumar

This is a response to the article titled ''Cracking the Kerala Myth'', published in the newspaper Times of India dated 2 January 2012. The author refutes the claims that the development of Kerala was not state-led success, and highlights the statistical fallacies in the argument.

Prospects for the World Economy in 2012
C.P. Chandrasekhar and Jayati Ghosh

2011 revealed that the much vaunted economic recovery after the Great Recession was not inherently sustainable, as the recent problems of global capitalism, including those associated with excessive debt build-up, were reflected in new areas and caused economic slowdown across the world. Against the backdrop of economic trends in 2011, this article assesses the prospects for the world economy in 2012.

Retail Rollback
C.P. Chandrasekhar

The whole fiasco over the decision to allow FDI in retail and the subsequent withdrawal of the same has been a major embarrassment for the Indian Government. The failure to get its own allies on board proves that political democracy held its sway.

Lessons from Abroad
C.P. Chandrasekhar

Contrary to the arguments given in favour of allowing FDI in retail, international experiences have shown that such moves can have dire consequences.

Multinational Retail Firms in India
Jayati Ghosh

The actual impact of large corporate retail, and especially multinational retail chains, in developing countries clearly shows that many of the claims made by proponents of such corporate retailing - in terms of employment generation or benefits to producers and consumers - are suspect or sometimes completely false.

Democracy and the Financial Markets
Jayati Ghosh

In the last few decades, it has become increasingly common for various developing and ''emerging'' markets to give greater importance to appeasing the interests of financial markets over the requirements of political democracy. Now, this is afflicting developed countries as well, where governments are sacrificing democracy in favour of the markets.

The End of Europe?
C.P. Chandrasekhar

The crisis in Europe has recently claimed many political victims, with the governments in Greece and Spain, two of the worst hit countries, being changed. The newer governments promise to implement stringent austerity measures that are being proposed as a solution to the crisis.

Summit? What Summit?
Jayati Ghosh

The recent G20 summit was held when the global economy is at the threshold of another major financial crisis. There was a need for fast, co-ordinated and effective action. However, the final declaration that emerged shows that such an unified stance is yet to be achieved.

 
  © International Development
Economics Associates 2012
 

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