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Financial Collapse, System Crisis? |
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Illusory answers and necessary answers
Samir Amin
The financial crisis could not be avoided
The violent explosion of this crisis did not surprise us; I mentioned it a few months ago while the conventional economists were ignoring its coming development and consequences, especially in Europe. In order to understand it we must get rid of the conventional definition of the system which qualifies it as “neo-liberal” and “global”. This definition is superficial and masks the essential.
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An Alternative Policy Framework for India |
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Jayati Ghosh & C.P. Chandrasekhar
The overarching implication of the spate of financial crises that have ravaged Asia, Russia and Latin America is of course that the threat of deflation, driven by a financial crisis is real. In fact, once integration with globalised finance proceeds beyond a point, the state of a country, as reflected by its GDP growth or inflation rate, or even the size of its foreign exchange reserves, need not be adequate to predict an imminent crisis.
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Patrick Bond, January 05, 2009 Edition 1
The Mercury Eye on Civil Society column
Economically a dangerous period lies ahead, and civil society needs to take action. The great crash of late 2008 should have heralded the end of the free-market economic philosophy, neoliberalism for short. So says the 2008 Nobel Economic Prize laureate, Princeton professor Paul Krugman."Everyone's talking about a new New Deal, for obvious reasons," he told his New York Times column readers. "
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Dignity Returns – a workers’ brand is possible! |
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Junya Yimprasert
 "...in this place, there is no boss banging over or taking advantage of us. There is no threat and insult. Most importantly, here is our own factory..."
This is the story of what happened after over 900 workers arrived for work at the Bed & Bath Factory in Bangkok on the morning of October 7th 2002 to find that the gates were locked and their bosses had run away, leaving all without one cent of compensation. About 400 workers decided to fight for their rights and took action by camping on the ground-floor of the Ministry of Labour Building, where they remained for three months - until the authorities recognised their request in January 2003.
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The backyard of Hegemony: Latin America, Economic and Social Development and popular contestations |
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Alicia Puyana
Latin America enjoys 200 years of independence and development. However, there is unequal rate of growth and it enjoys massive liberalization Latin America is an excellent case to analyze the strengths and weakness of the neo-liberal economic model. Prof. Alicia Puyana of IDEAS, outlines the growth and economic development model and critiques in Latin America.
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Poverty in the time of prosperity: Asian economic growth and its effect |
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Jayati Ghosh
Asia is in the middle of neo liberal honeymoon. There is a lot of recent optimism regarding international capital that growth rates are going up. Data shows that in the last few years per capita growth is going up as population growth has been decreasing. The whole notion of emerging Asia is coming up led by China, (East Asian newly industrialized states like Korea, Singapore, Hong Kong). Gini coefficient shows that inequalities are going down, but it is really because of China. Without China and India Gini coefficient which actually go up. Prof. Jayati Ghosh explains the behind the scenes of the “Rising Growth Story of Asia”.
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Economy in the shadows of corporatocracy in Indonesia |
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B. Herry-Priyono
If you are a reader of The Jakarta Post, the probability is very high you do not make up a part of the population the World Bank in 2006 referred to as "108.78 million Indonesians who live on less than US$2 per person/day".And if you think about economic issues, the chance is high you think in terms of corporate niches, commercial skyscrapers, exchange rates, stock markets, shares, securities, as well as other features of a modern economy.
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