From Neoliberalism to Possible Alternatives 1. Introduction The objective of this article is to outline possible alternatives to capitalism in its neoliberal phase. In 2007, the deepest world crisis since the Great Depression started and has continued with neither a theoretical nor a practical solution to date. It has exacerbated economic stagnation, inequality, poverty, and environmental destruction. As a response to the crisis, countries have applied keynesian but mostly neoliberal (...)Lire la suite
We used to hear all the time about the “Third World” debt crisis—and how it was keeping Latin America and Africa poor. But now I hear that those economies have actually been growing pretty fast. Was all that talk about debt overblown?Lire la suite
Urgent steps are needed to deal with an economic crisis in the emerging economies.Once again, most specialists on international economic matters have been caught unawares. In fact, the signs of external financial fragility in several emerging economies have been visible since the beginning of the financial crisis in the US and Europe.Lire la suite
A prominent international lawyer has launched a scathing critique of the international arbitration system that deals with investor-State disputes, calling for its "complete overhaul".Lire la suite
Presentation held at the conference: „TOGETHER we can put an end to the problems of debt and austerity in Europe !” by the European Left, April, 10th, 2014, BrusselsLire la suite
The real issue, however, is whether mature economies are in long-term stagnation and not merely performing poorly after the crisis. Long-term stagnation is a very serious problem as incomes suffer, employment becomes weak, welfare declines, economic instability is exacerbated, and social tensions rise.Lire la suite
To highlight some of the complex dynamics and challenges of the IMF’s role in the Arab region, in a context of continuing popular uprisings that are calling for social and economic justice and for transforming the national development paradigm, and to link it to the waves of austerity across Europe, the US and other regions, a panel discussion titled “From the Arab Revolutions to Global Austerity,” was held on the sidelines of the spring meetings (19-21 April) of the IMF and World Bank.Lire la suite
A fundamental question raised by recurrent fi-nancial crises in mature and emerging econo-mies is how to ensure that the financial markets and institutions serve growth and development rather than being a constant source of instability and disrup-tion in pursuit of self-interest. This is not only a ques-tion of how best to regulate the existing institutions and markets, but also how to restructure and organ-ize them.Lire la suite
UNCTAD was set up in 1964 to support developing countries to strengthen their weak position in international economic structures, and to design national development strategies.
In the past two decades, however, the developed countries have tried to curb the pro-South orientation of the UNCTAD secretariat and its many reports.
New Paper Argues Greece Should Consider Default and Exit From Euro. It looks at Greece’s experience with “internal devaluation” and finds there’s a high risk of continued prolonged recessionLire la suite