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The Economics of Political Change in Developed Countries

Jayati Ghosh

Rising inequality, stagnant real incomes and growing material fragility of daily life have generated a strong sense of dissatisfaction among ordinary people in the developed world who increasingly see themselves as the victims of globalisation.

Why the European Union should be Even More Worried about Brexit

C.P. Chandrasekhar and Jayati Ghosh

The economic pressures that may have driven the Brexit vote are also evident in other big European nations. So to survive, the EU must rethink its template for economic policies.

Is Sustainable Development Hindering Economic Recovery?

Jomo Kwame Sundaram

Sustainable development must be recognized as providing the essential sense of common purpose for collective action by the multilateral system that would lead the world out of the current darkness.

The Global "New Normal" is Not New- But it is still a real concern

C.P. Chandrasekhar and Jayati Ghosh

Global growth rates of the last five years are similar to those in the past, but now they are accompanied by unprecedented monetary expansion that seems to have little impact.

Myths, Mix-ups, and Mishandlings: Understanding the Eurozone crisis

Servaas Storm and C.W.M. Naastepad

The real cause of the Eurozone crisis resides in unsustainable private sector debt leverage that was aided and abetted by the liberalization of European financial markets and a global banking glut.

A Note on Development under Risk in the Arab World

Ali Kadri, NUS

The Arab economies are experiencing lumpen development wherein yesteryears’ accomplishments are reversed by a combination of war dislocation or anti-development macroeconomic policies.

Crisis and Recovery in the German Economy: The real lessons

Servaas Storm, C.W.M. Naastepad

The main lesson to draw from Germany's rebound
from crisis is that if a country's technological competitiveness is stronger and consensual macro-governance structure is more effective, the country will more likely weather a crisis.

Coverage of Prudential Measures in the GATS: Some conclusions of a WTO Appellate Body

Andrew Cornford

The ruling by the WTO's appellate body on the case of Panama and Argentina dispute, involving the prudential rules for financial services of the GATS, is the first of its kind.

No Clue to the Future

C.P. Chandrasekhar

The failure of the G20 countries to agree to an action plan not just to ensure recovery but prevent a second slump, may lead to countries adopting beggar-thy-neighbour policies.

The Phenomenon of Negative Interest
Rates

Prabhat Patnaik

Even the unconventional measure of charging negative interest rates, as the author says, is unlikely to end the recession because capitalism today is in a deep structural crisis.

Robust Global Economic Recovery Needs Coordinated Policy Response

Anis Chowdhury and Jomo Kwame Sundaram

For a robust global economic recovery there is the need of a coordinated policy response that must involve international cooperation and commitment to sustainable development.

Interest Rate Conundrum

C.P. Chandrasekhar and Jayati Ghosh

With interest rates and bond yields turning negative in many developed countries, the efficacy of monetary policy as a countercyclical instrument is in question.

Thirteen Things You Need to Know about Neoliberalism

Kate Bayliss, Ben Fine, Mary Robertson and Alfredo Saad-Filho

This paper examines the theories and practices of neoliberalism drawing upon five case studies and argues that there are alternatives, both within and beyond neoliberalism itself.

Social Policy for Neoliberalism: The Bolsa Familia programme in Brazil

Alfredo Saad-Filho

This article shows that despite its significant achievements, the Bolsa Familia programme in Brazil remains self-limiting and can offer only limited long term gains to the poor.

The Heavy Price of Economic Policy Failures

Jayati Ghosh

While the citizenry pay a heavy price for economic policy failures, those responsible for the implementation of this are never blamed and they continue to impose their power and expertise on economic policies and on governing institutions.

Europe Needs Course Correction

Anis Chowdhury and Iyanatul Islam

While the European policy makers have opted for
long-run fiscal adjustment, doubts about the subdued recovery calls for slowing fiscal consolidation and providing short-term stimulus.