Debt and Coercion
Written by DR. ALEX GOUREVITCH Among the Solonic reforms that made Athens democratic was the abolition of debt-bondage. In his history of Rome, Livy wrote that the Lex Poetelia of 326 BC,...
Export Trade Performance of Indian Economy during and Following the Global Financial Crisis
Written by DR. SUMANJEET SINGH Friday, 14 October 2011 17:51 Introduction The global financial crisis which was actually triggered by the US sub-prime mortgage market in early 2007, started to...
In the Eurozone, Indecision is Final
Written by DANIEL MASON Wednesday, 05 October 2011 16:53 The FT Deutschland this week reported that Greek Prime Minister George Papandreou was considering resignation. According to one source he feels powerless, because...
Will High Economic Growth Ever Return?
By DEAN CARROLL | 30.06.2011 This week, China made clear its intention to buy up government debt in Europe. The country's $3 trillion currency reserves, the largest in the world,...
Bourgeois “Strategising”: Interest Rates, Inflation and Profits
By VASSILIS K. FOUSKAS | 08.05.2011 On speculation that the European Central Bank (ECB) would raise its interest rate, the Euro began rising to a 15-month high against the dollar....
Is Aid the Capital Component Making Countries Efficient? A Non-Parametric Production Theory Approach
BY ANN VEIDERPASS and PER-AKE ANDERSSON | 12.04.2011 Introduction This study attempts to add a piece to the aid effectiveness puzzle by presenting an alternative to the common growth regression approach....
The Light at the End of the Tunnel: The South-South Locomotive
By Dr. Can Erbil | 22.03.2011 South-South Trade In the aftermath of the global financial crisis, trade between developing countries (South-South trade[1]) has become more vital and more vibrant than ever....
‘Made in America’ is not the way out of this crisis
By Jagdish Bhagwati | 10 August 2010 President Barack Obama, addressing car workers recently at a GM plant in Michigan, defended his administration's motor industry bail-out, saying that it had rescued...
Protectionist Myths
By Jagdish Bhagwati | 07 July 2010 At a debate in New York last year entitled “Buy American/Hire American Policies Will Backfire,” with hundreds of people in attendance, my team of three...
India’s Mistaken Call for Renminbi Appreciation
By Jagdish Bhagwati | 05 June 2010 India’s central bank governor issued in late April a critique of the alleged Chinese undervaluation of the yuan/renminbi, siding therefore with the U.S. politicians and...
Taming Rating Agencies
By Dr. Kurtulus Gemici | 01 June 2010 Alchemy thrived in seeking how to turn ordinary, worthless metals into gold. To the dismay of countless alchemists, that goal has been rather elusive...
From Lehman Brothers’ Collapse to the Greek Debacle – Exposing Shifts in the World Economic Order
By Prof. Bulent Gokay | 01 June 2010 On 15 September 2008, the supposedly safe and perpetually prosperous world of post-industrial global economic order blew itself up when Lehman Brothers filed for...
Sustainable Development: Representing a Reflexive Modernity Inside the United Nations
By Gregory Borne | 15 April 2010 Abstract (SD) within the United Nations (UN) represents a paradigm shift from first/industrial modernity to a reflexive modernity. Reflexive modernity is defined by...
Global Imbalances And The Great Recession
By Dr. Kurtulus Gemici | 01 April 2010 As Aldous Huxley put it, “Ye shall know the truth, and the truth shall make you mad.” The truth is that the world...
Listening to The Language of Change
By Prof. Bulent Gokay | 01 April 2010 The economic downturn and recession, which spread across the globe following the US sub-prime mortgage crisis in September 2008, has become the dominant news...