There is broad agreement that lax financial regulation, especially in the United States and United Kingdom, contributed in a big way to the current global financial mess. In recent months, there have...
Global Economic And Financial Crisis
This paper analyses the current crisis through a Marxian framework. It focuses on the creation of a new regime of accumulation (neoliberalism) since the 1970s as a response to the profitability...
A democratic agenda for coming out of the recession must have at least five elements: first, the nationalisation of financial institutions in the leading capitalist countries where they have...
While the United States' emphasis on reviving banks and public spending are both important, neither addresses directly the main source of deflation, which is that the global imbalances are no longer...
The current financial crisis started in the financial sector of what was thought of as the country with the most sophisticated financial system, and that has spread almost universally and with...
Contrary to popular belief, there were palpable signs of the Indian economy losing steam long before the outbreak of the global crisis. But there is little doubt that the global meltdown has...
This paper highlights the depth of the crisis confronting the global economy. It presents the various ways of understanding demand deficiency, which was the underlying feature of the earlier...
Looking ahead, the big macroeconomic policy question for India is whether or not it should emphasise greater self-insurance with a necessarily more cautious approach to capital market integration...
Massive deregulation in the United States allowed non-banks to function like banks, exposing the institutional fragility particular to banking. This unprecedented scale of deregulation and the...
An economic crisis affords an opportunity to put the economy of the rich countries on a different trajectory as regards material and energy flows. Now is the time in those countries for a socio-...
The meltdown of American finance has closed the destination of much of Asia's economies that usually hum with industries for export. Without a plan to replace the region's reflexive reliance on...
The South Centre calls for a revamp of the global financial architecture that will be an inclusive process and will take into account all the concerns of the developing countries.
The Great Depression crisis was resolved by labour shifting the burden onto capital. This time the likely shifting of the burden of the financial crisis from capital to labour and the middle classes...
The world continues to be perplexed about which individuals and entities were responsible for the financial crisis and why it took on such gigantic proportions. This article discusses the role of six...
