Organized by:
International Development Economics Associates (IDEAs)
http://www.networkideas.org

Bilkent University Department of Economics
http://www.bilkent.edu.tr/~economics

Program
The workshop on Reclaiming Development in the Age of Financial Globalization is an intensive program covering theoretical and policy issues in the current international context. The aim of the workshop is to present critiques of existing theories as well to offer alternative analyses of current economic trends. It will be organized around three broad themes: (1) The economics of financial globalization and its implications for development macroeconomics; (2) the macroeconomics of stabilization and adjustment. (3) structures and mechanisms of the global economy and the economics of collective imperialism.

The total working time of the workshop is 24 hours over four working days. The sessions will be in lecture format followed by open discussion. In addition, participants are also expected to attend the International Conference on Development Economics of the Turkish Social Sciences Association (TSSA), to be held in the Middle East Technical University, Ankara, September 5-7, 2005. This will involve a total stay of 7 days.

All courses are to be offered at the Bilkent University premises and will be taught in English. Participants will be hosted at the Bilkent University campus dormitories.

Participants will be chosen from young economists who have completed or are close to completing their Ph.D. dissertations. In addition, individuals with a strong economics background involved in advocacy work with civil society organizations or engaged in policy making activities are welcome to apply.

IDEAs will provide full funding for travel and accommodation to applicants from low-income developing countries to attend both the IDEAs workshop and to the TSSA Conference. Researchers from the "South" are especially encouraged to apply.

Applications should be accompanied with a recent version of the curriculum vitae and one letter of recommendation and should be sent to

Professor Erinc Yeldan,
Department of Economics,
Bilkent University,
06580, Ankara TURKEY.
Tel 90-312-2664807;
Fax 90-312-2665140;
E -mail: yeldane@bilkent.edu.tr

or

Professor Jayati Ghosh,
IDEAs,
c/o, Economic Research Foundation,
124 A/1 Katwaria Sarai,
New Delhi 110016, INDIA;
Tel +91- 11-26611235, +91 -11- 26850050;
Fax +9111-26611764
E -mail: erf@vsnl.com or jayatig@vsnl.com.

The deadline for applications is: 30 June 2005

Course Program:

Wednesday, 31 August:

Morning: Determinants of Neoliberal Financial Globalization. The two waves of globalization; the rise of finance and the demise of Fordist industrialization; the withering away of the concept of ‘development'.
(Erinc Yeldan, Bilkent University, Ankara)

Afternoon: Financial Liberalization, Currency Crises and Developing Countries Balance of Payments crises and developing countries; new generation crises under globalization and financial interdependence; issues of stabilization under hegemonic conditionality of international financial capital.
(William Tabb, Queens College, NY, USA) To be confirmed

Thursday, 1 September:

Morning: The economics of financial flows at the global scale; the position of the developing countries in the new international division of labor; the dominance of finance and the sources of financial fragility; the rise of the rentier class
(Gerald Epstein, University of Massachusetts, Amherst)

Afternoon: The politics of development in the age of globalisation'. Development, post development and its social and political consequences; the politics/anti politics of populist regimes, and the crisis of development in global perspective.
Pasuk Phongpaichit, Chulalongkorn University, Bangkok, Thailand

Friday, 2 September

Morning: The US in the world economy. An analytical framework to understand the current imbalances in the US and the implied financial burden for the world.
(Alex Izurieta, Cambridge University)

Afternoon: Changing Structures of National and International Finance and their implications. Shifts in international financial systems; monetary and fiscal policy interactions; the onset of contractionary economics; the expanded Washington consensus; austerity with central bank independence, inflation targeting.
(C. P. Chandrasekhar, Jawaharlal Nehru University)

Saturday, 3 September

Morning: Interactions between international trade and finance and the effects on inequality:
Recent changes in world trade patterns and their implications; capital flows and trade flows; uneven development and emerging patterns of inequality and poverty.
(Jayati Ghosh, Jawaharlal Nehru University)

Afternoon: The Dominance of Finance: Implications for the Global Economy: The hegemony of finance; the economics of the new imperialism; deflation and unemployment; sovereignty and the role of the nation state.
(Prabhat Patnaik, Jawaharlal Nehru University)

Personnel

Program Director and Contact: Erinc Yeldan, Bilkent University

Instructors:
Gerald Epstein, Professor University of Massachusetts, Amherst
C.P. Chandrasekhar, Professor, Jawaharlal Nehru University, New Delhi, India
Jayati Ghosh, Professor, Jawaharlal Nehru University, New Delhi, India
Alex Izurieta, Cambridge University
Prabhat Patnaik, Professor, Jawaharlal Nehru University, New Delhi, India
Pasuk Phongpaichit, Professor, Chulalongkorn University, Bangkok, Thailand
William Tabb, Queens College, NY, USA
Erinc Yeldan, Professor, Bilkent University, Ankara.

Discussant: Ilhan Uzgel (Ankara University, Ankara, Turkey)


Session 2 Impact of Neoliberal Transformation in the North and the South

C.P.Chandrasekhar (India) (Jawaharlal Nehru University, New Delhi, India)
"Economic Instability of the World Economy: USA; EU, Asia and the Rest"

Pasuk Phongpaichit (Thailand) (Chulalongkorn University, Bangkok, Thailand)
"The Politics of Development in the Age of Globalisation"

Cui Zhiyuan (China) (Tsinghua University, Beijing, China)
"China-USA Tensions and the International Economic Stability"

Pinar Bedirhanoglu (Turkey) (METU, Ankara, Turkey)
"Neoliberal Agenda on Corruption and the Transformation of the State"

Discussant: Galip Yalman (Turkey) (METU, Ankara, Turkey)


6 September 2005, Tuesday


Session 3 Search for Alternatives in the South against Neoliberal Economic Policies

Jayati Ghosh (India) (Jawaharlal Nehru University, New Delhi, India)
"Moderate Unorthodoxy or Radical Departures from Conventional Wisdom: The Case of India"

Alfredo Saad Filho (Brazil) (University of London, SOAS, London, UK)
"Alternative Policies in the Case of Brazil"

Erinç Yeldan (Turkey) (Bilkent University, Ankara, Turkey)
"Search for Alternatives to Neoliberal Policies: The Case of Turkey"

Discussant: Oktar Türel (Turkey) (TSSA, Ankara, Turkey)


Session 4 Social Transformations: Social Stratification, Marginalisation and Poverty

Patrick Bond (South Africa) (University of Witwatersrand, Johannesburg, South Africa)
"Resurgent South African Civil Society"

Necmi Erdogan (Turkey) (METU, Ankara, Turkey)
"Class, Subalternity and Cultural Representation in Contemporary Turkey"

Metin Özugurlu (Turkey) (Ankara University, Ankara, Turkey)
"New Dynamics of Class Struggle under Precarious Working Conditions"

Discussant: Korkut Boratav (Turkey) (TSSA, Ankara, Turkey)


Session 5 New Forms of Resistance and Adaptation: Ideological and Sociological Aspects

Asef Bayat (Egypt) (Leiden University, Leiden, Netherlands)
"Survival and Everyday Resistance to the Insecurity of the Market"

Subhashini Ali (India) (IDEAS, International Development Economics Associates, New Delhi, India)
"Women's Organised Resistance to Neoliberalism in India"

Mustafa Sen (Turkey) (METU, Ankara, Turkey)
"Ideological Upheavals: Religion, Entrepreneurship and Resistance"

Discussant: Bahattin Aksit (METU, Ankara, Turkey)


7 September 2005, Wednesday

Roundtable: Search for Alternatives

May 26, 2005.