What Next for the EU? Jayati Ghosh

Even before the results of the UK referendum, the European Union was facing a crisis of popular legitimacy. The result, especially in England and Wales, was certainly driven by the fear of more immigration, irresponsibly whipped up by xenophobic right-wing leaders who now appear uncertain themselves of what to do with the outcome. But it was as much a cry of pain and protest from working communities that have been damaged and hollowed out by three decades of neoliberal economic policies. And this is why the concerns of greater popular resonance across other countries in the EU – and the…

Islam and the West Akeel Bilgrami

The Chairman of the World Public Forum has asked me to speak on the relations between Islam and the West and to consider this from the point of view of the framework of a ‘world order’ as well as to consider whether such a framework provides prospects for more peaceful solutions involving a dialogue between civilizations that seem to be at odds.  I am not sure I can manage to bring these diverse topics together in an entirely coherent way in the few minutes I have but let me make an honourable stab at it. ‘World order’ is an expression…

European Banks and Asia C.P. Chandrasekhar and Jayati Ghosh

European banks are being forced to take a haircut to deal with the region's crisis. Given their greater role in total international funding and the significant exposure of Asian financial systems to global capital, this raises concerns about the likely impact that the European banking crisis would have on Asia. European_Banks (Download the full text in PDF format) (This article was originally published in the Business Line, on November 14, 2011)

International Workshop On “Reclaiming Development in the Age of Financial Globalization” Organised by IDEAs and Bilkent University (Department of Economics), Ankara, Turkey, 31 August - 3 September 2005.

The workshop on Reclaiming Development in the Age of Financial Globalization was an intensive programme covering theoretical and policy issues in the current international context. The workshop was organized by the International Development Economics Associates (IDEAs) in collaboration with the Bilkent University Department of Economics and financial support from the United Nations Development Program (UNDP). Its objective was to present critiques of existing theories as well as to offer alternative analyses of current economic trends from a developing country’s perspective. It broadly dealt with three themes: (1) The economics of financial globalization and its implications for development macroeconomics. (2) The macroeconomics of stabilization and…