Should the World Emulate US Crop Insurance? Jomo Kwame Sundaram

ROME – With the increased frequency and severity of extreme weather events adversely affecting agricultural outputs and farmers’ incomes, commercial crop insurance has been touted as the solution for vulnerable farmers all over the world. Financial and farm interests have been promoting US crop insurance as the solution. It is instructive to consider lessons from the 2012 drought. Driven by the expectation of high maize prices, owing to the maize bio-ethanol mandate introduced almost a decade ago, US farmers planted a record 96.4 million acres in the spring of 2012 – even planting on previously fallow and marginal fields. Farmers…

Alice Amsden’s Impact on Latin America Helen Shapiro & Juan Carls Moreno Brid

This In Memoriam discusses Alice Amsden’s great intellectual legacy: her impact to better understanding Latin America’s development challenges, obstacles and policy options. Alice_Amsdens_Impact (Download the full text in PDF format) (This article was originally published in the Brazilian Journal of Political Economy, vol. 34, nº 2 (135), pp. 187-197, April-June/2014.)

The US Economy Needs an Exports-Led Boost Dimitri Papadimitriou

A recent visit by President Obama to an Ohio steel mill underscored his promise to create 1 million manufacturing jobs. On the same day, Commerce Secretary Penny Pritzker announced her department’s commitment to exports, saying “Trade must become a bigger part of the DNA of our economy.” These two impulses — to reinvigorate manufacturing and to emphasize exports — are, or should be, joined at the hip. The U.S. needs an export strategy led by research and development, and it needs it now. A serious federal commitment to R&D would help arrest the long-term decline in manufacturing, and return America…

Open Access vs Academic Power C.P. Chandrasekhar

That the United States and its European allies dominate the world of knowledge is unquestionable. This is reflected in indicators of academic ‘output’. According to the National Science Foundation of the United States, the US accounted for 26% of the world's total Science & Engineering (S&E) articles published in 2009 and the European Union for 32%. In 2010, the US share in total citations of S&E articles stood at 36% and the EU’s share at 33%, whereas that of Japan and China remained at 6% each. This domination comes from two, among other, sources. First, leadership in spending. Despite the…

The Business of News in the Age of the Internet C.P. Chandrasekhar

In the context of the digital revolution, the author discusses some possible implications of the impact of the internet on the print business and the directions they point to. Age_Internet (Download the full text in PDF format) (This paper was delivered as the Lawrence Dana Pinkham Memorial Lecture at the 13th Convocation of the Asian College of Journalism.)