• Study Resource
  • Explore
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
Interview with Tony Thirlwall A Keynesian View
Interview with Tony Thirlwall A Keynesian View

... irresponsible bank lending to poor people and the repackaging of risky mortgages (which international banks lapped up and passed on - like a game of pass the parcel with more paper added rather than taken off!), which led ultimately to the so-called sub-prime market crisis and the exposure of major ...
The Changing Global Economic Landscape: Opportunities and Risks
The Changing Global Economic Landscape: Opportunities and Risks

... themselves and advanced industrial countries  China at close to 10% growth for 30 years  India recently at more than 8% growth  Engine of global economic growth  Global growth at 5% for past couple years has been almost historically unprecedented  Increased demand for commodities has helped dev ...
Chapter 12 Questions
Chapter 12 Questions

... What are the 3 measures that compose of the UN Human Development Index (HDI)? Describe how a country’s GDP is calculated. What is the purpose of the UN HDI? Should Canada feel any responsibility to nations at the bottom of the index? Why or why not? Comment on the statement in your text that the 200 ...
Evanescent World Development. David Ibarra* ABSTRACT With
Evanescent World Development. David Ibarra* ABSTRACT With

... Ostry, J. et al (2014), “Redistribution, Inequality and Growth”, Research Note, Washington. ...
Slide 1
Slide 1

... • Financialization is in deep trouble. Crises are opportunities for radical change. The unraveling of the current regime demands much more than well-meaning but limited financial sector reform • In particular, we need to overhaul many of our institutions, not only the financial ones, in order to ree ...
The Global Economic Crisis: Challenges and opportunities for public administration  S.K. Rao
The Global Economic Crisis: Challenges and opportunities for public administration S.K. Rao

... financial institutions. Some have argued that the formulation of Basel II standards was much influenced by big multinational banks. 6 The nurturing of a false belief that some banks or investment institutions are ‘too big to fail’, resulting in inertia and hesitancy by the public authorities and the ...
The Exam Questions on the Development Economics What is the
The Exam Questions on the Development Economics What is the

... The share of capital in income is 0,3. The laborers’ temporal preferences are 0,5. Basing on Cobbe –Douglas model, find out: a) the industrial output; b) the total capital income; c) the labor income per one unit of labor resource. 8. What are the main differences between the institutional theories ...
Support by the World Bank to ECA countries and Armenia
Support by the World Bank to ECA countries and Armenia

... – Keeping trade channels open is the most promising way for ECA countries to benefit from global recovery ...
Stallings-Two-Crises-PPT
Stallings-Two-Crises-PPT

... Capital markets -- Main focus: promoting bond markets to provide alternative source of finance -- Various economic reforms were important: financial liberalization, opening ...
Asia, the Financial Crisis, and Global Economic Governance Chair: Kevin M. Warsh
Asia, the Financial Crisis, and Global Economic Governance Chair: Kevin M. Warsh

... Mr. Warsh:  I think John is available for a couple of questions. Mr. Hale:  As you said in your talk John, the IMF did encourage 9 to 12 months ago that countries should pursue fiscal stimulus to cope with the recession and the financial crisis. The big issue I think now looming over the next two or ...
Download pdf | 435 KB |
Download pdf | 435 KB |

... Core Purpose 2: Financial Stability The Bank has played a key role in maintaining the stability of the UK’s financial system for 300 years and it is now a core function of most central banks. The Bank detects threats to the financial system as a whole through its surveillance and market intelligence ...
DOC - wasd.urz.uni
DOC - wasd.urz.uni

... In connection with the world financial crisis, Stiglitz says that "the invisible hand was invisible because it was not there". In your essay, discuss the significance of this statement for macroeconomic models and for the way forward out of the crisis. (Reading Text: Needed – a New Economic Paradigm ...
International Directions and User Needs 13 June 2011
International Directions and User Needs 13 June 2011

... o Maintain quality and continuity of existing economic statistics o Prioritisation, reflecting internal and external demands o Collaborate with other OSS partners ...
The importance of well-developed - Bank for International Settlements
The importance of well-developed - Bank for International Settlements

... Some steady progress has been made over the past number of years in developing Africa’s capital markets, but these still remain shallow and illiquid and tend to be small and fragmented, owing to a number of factors including low income levels; weak judicial systems; and scarcity of human capital an ...
EPS Session1 2011
EPS Session1 2011

... consensus approach to policy advice. It focuses on issues of first-order importance, it sets up an easily reproducible framework and it is frank about limiting itself only to establishing prerequisites for development. but …….. Policies advanced by the Washington consensus are not complete and they ...
International Political Economy
International Political Economy

...  $ Crisis of 1978 ensued, nonetheless. Tight monetary policy was the ...
Greek crisis
Greek crisis

... Euro area: the worst has been avoided, but new challenges must be faced "The euro area's governance and coordination of economic policies must be improved. This will involve both deepening and broadening economic surveillance arrangements to guide fiscal policy over the cycle and in the long term a ...
Globalization and its effects on developing world
Globalization and its effects on developing world

... efforts of East Assia-China ...
The Progressive Struggle to Save Capitalism
The Progressive Struggle to Save Capitalism

... people ... with every incentive to undo them and all the resources needed to realize their incentives!" And this is precisely what happened. In our view, the present moment really is about the 1%'s income and control over much of the wealth that has been created by other people. Amidst increased pov ...
Slide
Slide

... US Treasury bills are more in demand than every, as reflected in very low interest rates.  The $ appreciated in 2008, rather than depreciating as the “hard landing” scenario had predicted.  => The day of reckoning has not yet arrived. ...
International Political Economy
International Political Economy

...  $ Crisis of 1978 ensued, nonetheless. Tight monetary policy was the ...
DOC - Europa.eu
DOC - Europa.eu

... public expenditures to identify savings necessary to meet the 2013-2014 deficit targets. These measures aim at rationalizing and modernizing public administration, improving the sustainability of the pension system, and achieving additional cost savings across ministries. To anchor the credibility o ...
Sources-of-External-Finance
Sources-of-External-Finance

... • Loans are short-term and include conditionalities and stabilisation policies (eg. tighter monetary policy; devaluation of currency) • Paves the way for structural adjustment of the economy • But, measure can often lead to decreased real output & increased unemp. in short run – appears as pain infl ...
Last Round for Greece and its Creditors?
Last Round for Greece and its Creditors?

... instruments have been created, serious political capital has been expended, a lot of credibility has been wasted. Now, they have also made clear that there is no appetite to extend further financial aid to Greece when the current bailout programme ends in 2018. On the other hand, the ongoing impasse ...
PDF Download
PDF Download

... are credible. This issue can be analyzed in terms of principle-agent theory. Governments write the rules for agents, but it is difficult to observe the extent to which the banks follow the rules. Information between the principal and the agent is asymmetric. In order to solve the problem of credibil ...
< 1 ... 30 31 32 33 34 35 36 37 38 >

Globalization and Its Discontents

Globalization and Its Discontents is a book published in 2002 by the 2001 Nobel laureate Joseph E. Stiglitz.The book draws on Stiglitz's personal experience as chairman of the Council of Economic Advisers under Bill Clinton from 1993 and chief economist at the World Bank from 1997. During this period Stiglitz became disillusioned with the IMF and other international institutions, which he came to believe acted against the interests of impoverished developing countries. Stiglitz argues that the policies pursued by the IMF are based on neoliberal assumptions that are fundamentally unsound:Behind the free market ideology there is a model, often attributed to Adam Smith, which argues that market forces—the profit motive—drive the economy to efficient outcomes as if by an invisible hand. One of the great achievements of modern economics is to show the sense in which, and the conditions under which, Smith's conclusion is correct. It turns out that these conditions are highly restrictive. Indeed, more recent advances in economic theory—ironically occurring precisely during the period of the most relentless pursuit of the Washington Consensus policies—have shown that whenever information is imperfect and markets incomplete, which is to say always, and especially in developing countries, then the invisible hand works most imperfectly. Significantly, there are desirable government interventions which, in principle, can improve upon the efficiency of the market. These restrictions on the conditions under which markets result in efficiency are important—many of the key activities of government can be understood as responses to the resulting market failures.Stiglitz argues that IMF policies contributed to bringing about the East Asian financial crisis, as well as the Argentine economic crisis. Also noted was the failure of Russia's conversion to a market economy and low levels of development in Sub-Saharan Africa. Specific policies criticised by Stiglitz include fiscal austerity, high interest rates, trade liberalization, and the liberalization of capital markets and insistence on the privatization of state assets.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report