Twenty Years after The Asian Financial Crisis Prabhat Patnaik

Exactly twenty years ago, a major financial crisis had hit the countries of East and South East Asia in July 1997. This crisis was a watershed in the history of third world development, in the sense that these “tiger economies” which had seen extraordinarily high growth rates until that time, remained permanently crippled thereafter. Just around the time that they were shaking off the effects of the 1997 crisis on their respective economies, the collapse of the “housing bubble” in the United States plunged the entire world capitalist system into a crisis which also affected them, so that they could…

Statement by Former Staff Members of UNCTAD: Silencing the message or the messenger …. or both? Geneva, 11 April 2012

Since its establishment almost 50 years ago at the instigation of developing countries UNCTAD has always been a thorn in the flesh of economic orthodoxy. Its analyses of global macro-economic issues from a development perspective have regularly provided an alternative view to that offered by the World Bank and the IMF controlled by the west. Now efforts are afoot to silence that voice. It might be understandable if this analysis was being eliminated because it duplicated the work and views of other international organisations, but the opposite is the case - a few countries want to suppress any dissent with…

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.)