Globalisation for Whom? A World for All Jomo K.S.

Some issues about globalisation and how it affects developing countries in general, and Southeast Asian economies in particular, namely Malaysia, Indonesia, and Thailand. globalisation_whom (Download the full text in PDF format) (Jomo K.S. raises some issues about globalisation and how it affects developing countries in general, and Southeast Asian economies in particular, namely Malaysia, Indonesia, and Thailand.)

Argentine President Bows to IMF and Banks

On May 30, 2002, the Argentine senate voted to repeal the 1974 economic subversion law criminalising bad business decisions and capital flight in an effort to meet conditions set by the International Monetary Fund (IMF) for issuing new loans to the debt-ridden nation. Senate President Juan Carlos Maqueda broke a 34-34 tie to pass the repeal after weeks of procrastination. Charges pending under the law against several bankers – including one currently in jail – will now be dropped. Those in support of the removal of the law said other existing laws were adequate to protect the bankrupt country against…

Asset Prices, Liquidity Preference and the Business Cycle Korkut A. Erturk

The role Keynes’ treatment of investment in the General Theory played in weakening his liquidity preference argument has been little recognized. This paper goes back to the original argument in the Treatise and shows that its reconsideration can greatly enhance the Keynesian analysis of the business cycle. asset_prices (Download the full text in PDF format)

The IMF’s Indonesian Myths Rizal Ramli

IMF’s generic diagnosis and treatment has failed to cure ills in countries it has intervened and Indonesia is no exception. It is now time for a comprehensive evaluation of the costs and benefits of the IMF program in Indonesia if mistakes of the past four years are not to be repeated. imf_myths (Download the full text in PDF format)

The New Work Programme of the WTO Bhagirath Lal Das

The paper begins with some general observations on the process and effects of Doha, including the worsening of imbalances and the negotiating pattern. It then examines the issues covered by the new work programme, including implementation, agriculture, services, TRIPS, environment, the Singapore issues (investment, competition, transparency in government procurement), electronic commerce, trade, debt and finance; and trade and technology transfer. For each topic, the paper decribes the strong points, the weak or adverse points, and then provides suggestions for action. work_prg_wto (Download the full text in PDF format)

The Global Divide: Inequality in the world economy Marc Lee

Inequality is a pressing issue in the global economy. This new report by the Canadian Centre for Policy Alternatives finds that inequality is extremely large and growing, both between and within countries. The World Bank and IMF have been significant contributors to the rise in global inequality. global_divide (Download the full text in PDF format)