By Craig Calhoun, Georgi Derluguian

ISBN-10: 0814772838

ISBN-13: 9780814772836

ISBN-10: 0814772846

ISBN-13: 9780814772843

ISBN-10: 0814772854

ISBN-13: 9780814772850

The worldwide monetary problem confirmed deep issues of mainstream financial predictions. whilst, it confirmed the vulnerability of the world’s richest nations and the large power of a few poorer ones. China, India, Brazil and different nations are growing to be swifter than Europe or the US and so they have weathered the drawback larger. Will they be new global leaders? And is their progress because of following traditional financial instructions or in its place to robust kingdom management and occasionally protectionism? those matters are uncomplicated not just to the query of which international locations will develop in coming many years yet to most probably conflicts over worldwide alternate coverage, forex criteria, and fiscal cooperation. participants contain: Ha-Joon Chang, Piotr Dutkiewicz, Alexis Habiyaremye, James ok. Galbraith, Grzegorz Gorzelak, Jomo Kwame Sundaram, Manuel Montes, Vladimir Popov, Felice Noelle Rodriguez, Dani Rodrik, Saskia Sassen, Luc Soete, and R. Bin Wong. the 3 volumes can bought separately or as a collection.

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Extra info for Aftermath: A New Global Economic Order? (Possible Futures)

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Even more surprising is the fact that the theory was invented by none other than the first finance minister (Treasury secretary) of the country, Alexander Hamilton. Hamilton developed this theory (and even coined the name) in his 1791 report to Congress, called The Report on the Subject of Manufactures. The report was not simply about tariffs. In fact, it was probably the world’s first comprehensive development-planning document—arguing for not just tariffs and subsidies for infant industries but a whole range of policy interventions to promote economic development, including the developments of the banking industry, the government bond market, and the patent system.

The present chapter is organized in the following way. First, I discuss how the 2008 financial crisis has shown the double standards that the developed countries have been applying in their dealings with the developing countries. When the developed countries were faced with a crisis situation, they deployed expansionary macroeconomic policies, bailout or even nationalization of key firms and banks, and increased subsidies—all policies that they have been preventing developing countries from using through their loan/aid conditionalities and the international trading rules in the past three decades.

But the combination of the undesirability of current financial logics and the fact of a moment of crisis does point to a window of opportunity. At the heart of this opportunity is the increasing recognition of a need to focus on the work that needs to be done to house all people, to clean our water, to green our buildings and cities and to build only zero-emission buildings, to develop sustainable agriculture, including urban agriculture, to provide health care to all, and so on. This work could employ all those who are interested in working.

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Aftermath: A New Global Economic Order? (Possible Futures) by Craig Calhoun, Georgi Derluguian


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