Development
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Lecture: Making India a Prosperous and Happy Nation at 100
Mar 30, 2022
Distinguished Public Lecture on “Making India a Prosperous and Happy Nation @100”, by Dr. Ajay Chhibber, Distinguished Visiting Scholar, Institute for International Economic Policy, Elliott School of International Affairs, George Washington University on Tuesday, 22 March 2022.
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Paper: Fragility and Resilience in Green Development in Africa: Intersections and Trade-offs
Mar 17, 2022
Fragility and Resilience in Green Development in Africa: Intersections and Trade-offs
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Paper: Digital Access and Economic Transformation in Africa
Mar 14, 2022
An overview of the current digital access landscape in Africa
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Unshackling India for Economic Revival
Feb 24, 2022
Ajay Chhibber, Distinguished Visiting Scholar at the Institute of International Economic Policy, George Washington University, and India’s first Director General of Independent Evaluation with the status of Minister of State in 2013-14, discusses his co-authored book, Unshackling India, about what needs to happen for India’s economy to take off.
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Trade and Development Backstory: The Struggle Over the UNCTAD 15 Mandate
Nov 10, 2021
Governments and civil society organizations must work together with UNCTAD to provide developing countries the tools — and the transformed governance regimes — they need to “build back better” through these challenging and difficult times.
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Still Swimming Against the Tide?
40 Years of Thinking on Trade and Development
YSI
WorkshopAug 1–7, 2021
The 4th UNCTAD YSI Summer School celebrates the approach and legacy of UNCTAD’s annual Trade and Development Report (TDR). The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates.
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Nobody is Safe if Someone is Unsafe
Jun 5, 2021 | 02:00
The world won’t emerge from the pandemic until the pandemic is controlled everywhere, and this is a special concern because of the new mutations that are likely to arise where the disease is running its course. So too, the world won’t have a robust economic recovery until at least most of the world is on the course to prosperity. Global growth is far more muted now than then, and inward-looking policies in some of the nations where growth has been restored have resulted in an increase in their trade surplus, attenuating the global impact of their recovery.
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Values: Building a Better World For All
Jun 4, 2021 | 10:30
Our world is full of fault lines—growing inequality in income and opportunity; systemic racism; health and economic crises from a global pandemic; mistrust of experts; the existential threat of climate change; deep threats to employment in a digital economy with robotics on the rise. These fundamental problems and others like them stem from a common crisis in values.
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How COVID-19 Is Impacting Rural Africans in the Sahel
May 11, 2021
An interview with young migrants living in Mali’s capital city of Bamako
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Indian Development History and New Horizons for Asia
WebinarWith Montek S. Ahluwalia, A. Michael Spence. Chaired by Rob Johnson
Apr 1, 2021
The discussants will illuminate the findings and wisdom in Montek S. Ahluwalia’s book BackStage: The Story Behind India’s High Growth Years (2019) and then explore the challenges for the developing world and Asian geopolitics.
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Paper: Structural Transformation, Economic Development and Industrialization in Post-Covid-19 Africa
Jan 14, 2021
While Africa’s “premature deindustrialization” appears to be the dominant global narrative, recent analysis of the data suggests that de-industrialization is not the common experience for the majority of African countries
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Carlos Lopes: The COVID-19 Crisis Presents Major Opportunities for Africa’s Structural Transformation
Jan 6, 2021
In this interview, Camilla Toulmin and Folashadé Soulé speak with Carlos Lopes, Professor at the Nelson Mandela School of Public Governance, University of Cape Town, Visiting Professor at Sciences Po, Paris and an Associate Fellow at Chatham House, London
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YSI 2020 Plenary: New Economic Questions
Young Scholars Initiative Virtual Plenary
YSI
PlenaryNov 6–15, 2020
What are the 100 most pertinent economic questions facing our global societ?
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The Future of Work | What is Technology? Accelerator, Enabler, or Displacer?
Webinarmoderated by Katya Klinova with Long Chen, Anton Korinek and John Van Reenen
Sep 29, 2020
Human societies have always coevolved with technology, but how can we think of technology? Is it an external force outside our control, or do we have a say in its direction, development and deployment?
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COVID-19 and the Developing World
Webinarwith Dr. Jayati Ghosh | 12:00pm ET / 9:00am PT
May 8, 2020
Developing countries, many of which appear not to have felt the health effects of COVID to the same extent as Europe and the US, are nonetheless facing severe economic effects as the pandemic pushes the global economy into a recession.
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Research & Policy Workshops
IMPORTANT: Due to growing concerns around the coronavirus, the INET Conference, as well as these workshops will be postponed.
YSI
WorkshopApr 13–15, 2020
IMPORTANT: Due to growing concerns around the coronavirus, the INET Conference, as well as these workshops will be postponed. Applicants will soon be provided further information.
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Transformation économique et développement durable en Afrique
ConferenceInterroger les modèles de développement
Hosted by Commission on Global Economic Transformation
Jan 30, 2020
An event for INET’s Commission on Global Economic Transformation
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UNCTAD Summer School 2019
The Crisis of Multilateralism - is a Global Green New Deal the Solution?
YSI
ConferenceAug 26–30, 2019
The United Nations Conference on Trade and Development (UNCTAD) and the Young Scholars Initiative (YSI) are pleased to announce the upcoming UNCTAD Summer School 2019.
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Why We Need Inclusive Prosperity
May 15, 2019
The implications of rising inequality are massive. Economists need to tackle it together.
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Science and Subterfuge in Economics
Feb 17, 2019
John Kenneth Galbraith noted in 1973 that establishment economics had become the “invaluable ally of those whose exercise of power depends on an acquiescent public.” If anything, economists’ embrace of that role has grown stronger since then.
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The Bogus Paper that Gutted Workers’ Rights
Feb 6, 2019
For years, governments in India and much of the developing world have followed the advice of a paper arguing that labor regulations actually hurt workers. The problem? The research was wrong.
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Working Paper Series
Labor Laws and Manufacturing Performance in India: How Priors Trump Evidence and Progress Gets Stalled
Feb 2019
For years, governments in India and much of the developing world have followed the advice of a paper arguing that labor regulations actually hurt workers. The problem? The research was wrong.
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Commission on Global Economic Transformation
Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy
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Inclusive or Exclusive Global Development?
Scrutinizing Financial Inclusion
YSI
WorkshopNov 21, 2018
Microfinance and then financial inclusion have become buzzwords in international development. Such initiatives have mobilised and generated large amounts of development funding, despite substantial amount of critique. Such critiques call for a more impartial assessment of the effectiveness of financial inclusion on the grounds that funds for microfinance, they argue, displaced development spendings on healthcare, education or infrastructure. In addition, the focus on expansion of financial markets to ‘bank’ and financially ‘include’ the poor may divert attention from more comprehensive and effective poverty reduction strategies. Critiques of this ‘way of doing development’ are often sidelined and labelled as ‘extreme’, ‘sloppy’ or ideology-driven rather than evidence-based. We believe that there is a need for contemporary development scholars from all disciplines to engage in those debates. This half-day workshop would bring in such scholars to discuss what we have learned from a decade of research on the microfinance, and how financial inclusion and the emergence of fintech may offer new opportunities - as well as risks - in for inclusive global development.
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Rethinking Social Progress in the 21st Century
Aug 14, 2018
A new report examines the path to global social progress. Unfortunately, there are no easy answers
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Ending the Wild West of Sovereign Debt Restructuring
Jul 23, 2018
Clear rules and sound principles for debt restructuring would level the playing field between developing countries and creditors
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Advanced Graduate Workshop on Poverty, Development and Globalization
YSI
WorkshopJul 8–21, 2018
This small interdisciplinary workshop, is organized by the Azim Premji University, Institute for Policy Dialogue and the Institute for New Economic Thinking. The goal of the workshop is to bring together graduate students studying development studies at a sufficiently advanced stage of their dissertation work to be able to discuss and receive feedback on their research.
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YSI @ Association for Heterodox Economics Conference
YSI
WorkshopJul 5–7, 2018
The YSI Economic Development Working Group will host a series of panels at the annual conference of the Association for Heterodox Economics, with the goal of developing an innovative research program on productive structures, institutions, distribution, and economic development.
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Making Sense of Globalization in the 21st Century
Jun 13, 2018
In a complex world, we’ll experience more “black swans”, and the things that standard economic models assumed away will matter much more.
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The Roots of Argentina’s Surprise Crisis
Jun 12, 2018
A change in macroeconomic policies will not be sufficient to set Argentina on a path of inclusive and sustained economic development. But, as last month’s currency scare showed, abandoning the approach adopted by President Mauricio Macri’s administration at the end of 2015 is a necessary step.
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Who Says Labor Laws Are “Luxuries”?
Jun 11, 2018
The World Bank and IMF say developing economies can’t afford to have strong labor laws. Actually, they can’t afford not to.
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Working Paper Series
Labor Institutions and Development Under Globalization
Jun 2018
Labor market regulation is a controversial area of public policy in both developed and developing countries.
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Why We Need a Global Public Economics
May 7, 2018
Global public goods, from health to peace to security, crisscross national and social boundaries. We need a new economic theory to understand their pivotal role in the global economy.
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How to Grow the Economy While Reducing Inequality
Apr 27, 2018
For the BRICS countries to not just grow their economies but also raise the standard of living of their people, inclusive growth that prioritizes poverty reduction is a must
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BRICS to Play a Leading Role in Driving Future Global Economic Growth
Apr 20, 2018
But the five countries must still support greater investment in other emerging and developing economies
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The Growing BRICS Economies: An INET Series
Apr 12, 2018
The BRICS countries—Brazil, Russia, India, China, and South Africa—play a crucial and growing role in the world economy. Sanjay Reddy kicks off our series exploring shifting social and economic dynamics within these countries, and what they mean for the global economy.
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INET Research in a Stressful Year
Feb 23, 2018
In the face of laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.
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The Path to an African Economic Boom
Feb 2, 2018
The African Development Bank has laid out a plan for economic prosperity in the continent. But to get there, African countries must first confront jobless growth and underfunded infrastructure projects.
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Why Cities Are Key to Escaping Poverty
Jan 31, 2018
There’s no turning back from humanity’s move to high-density living, says Ed Glaeser. The task of the century will be making cities more liveable.
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World Economic Roundtable
DiscussionExplaining a Decade of Stagnation: Where Do We Go From Here?
Dec 14, 2017
The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.
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China’s International Economic Strategy
Nov 21, 2017 | 04:00—05:30
The Implications of Xi’s Belt and Road Initiative for China and the World Economy
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Conference paper
Innovation, Intellectual Property, and Development
Oct 2017
A better set of approaches for the 21st century.
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Emerging Economies
Oct 22, 2017 | 03:30
Coping with the dysfunction of advanced economies, and developing strategies for economic development.
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Nobel Laureates to Co-Chair Independent Commission on Global Economy
Oct 22, 2017
Joseph Stiglitz, Michael Spence and a global team of leading thinkers are calling for new thinking & new rules for the world economy
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Is Europe’s Economic Recovery for Real?
Oct 3, 2017 | 04:00—05:30
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Why Exports Alone Can’t Make Poor Countries Rich
Sep 27, 2017
“Blindly” Engaging in Global Supply Chains Can Erode Developing Nations’ Economic Power
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Institutions, Democracy, and Economic Development
Aug 2, 2017
Robinson explains how natural experiments are done and why they’re useful. He also explains distribution of power and development of state play critical roles in successful economies.
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e-Book Launch: Can Dependency Theory Explain Our World Today?
Jun 14, 2017
Young Scholars Initiative (YSI) has released a new e-book, “Conversations on Dependency Theory”
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Decolonizing Africa? The Economic History of Development
YSI Africa Convening 2017
YSI
ConferenceJun 8–9, 2017
The Young Scholars Initiative and the University of the Free State, SA, invite young scholars to attend the first YSI Africa conference.
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Mexico, NAFTA, and the Future of the North American Economy
May 30, 2017 | 04:00—05:30
A discussion featuring Kenneth Smith, Head of the Trade and NAFTA Office of the Ministry of the Economy of Mexico, and Jay Pelosky, Principal of Pelosky Global Strategies.
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India's Economic Challenges
May 9, 2017 | 04:00—05:30
A discussion with Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University and former Senior Vice President and Chief Economist of the World Bank.
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America is Regressing into a Developing Nation for Most People
Apr 20, 2017
A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds
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Making Innovation Work for China and other Developing Countries
Apr 12, 2017
Along the entire “innovation chain” — from research and development, to production and commercialization — government and private sectors have very different roles to play.
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The paradoxes of fiscal austerity in Brazil
Mar 30, 2017
Brazil’s current economic scenario does not resemble the emerging economy that until recently fueled the optimism of analysts and investors.
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China's Wage Growth: How Fast Is the Gain and What Does It Mean?
Feb 28, 2017
New findings show that hourly wage-rates in China are higher than in middle-income countries and are approaching the levels of Greece and Portugal
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The Economics of the Affordable Care Act
Jan 17, 2017
Any effort to replace the Affordable Care Act will be confronted by the same structural imbalances in the health care economy that the legislation’s authors faced
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A Socialist Market Economy With Chinese Contradictions
Jan 3, 2017
Beijing’s leaders face a critical dilemma over a credit boom that imperils China’s prospects for a smooth transition to a sustainable economic path
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INET Research in a Year of Living Dangerously
Dec 29, 2016
Notes from the Institute’s Director of Research on some significant papers and contributions produced in 2016 under the INET rubric
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Stiglitz: Bad News Awaits America's Workers
Dec 28, 2016
Campaign promises aside, the policies favored by President-elect Donal Trump are likely to bring more pain than gain to working-class Americans
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Reality Check: What Economists Talk About When They Talk About the Chinese Economy
Dec 23, 2016
Beneath the heated political rhetoric over U.S.-China economic ties lies an increasingly complex reality
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Chanos: Is a big change underway in global capitalism?
Dec 21, 2016
Milwaukee-born short-seller Jim Chanos, founder and managing partner of New York-based Kynikos Associates, teaches University of Wisconsin and Yale business students about corporate fraud. During his life and career, he has witnessed seismic shifts in economic thinking and the relationship between labor and capital. Chanos shares his thoughts on the world emerging from the election of Donald Trump and the tumultuous political events of 2016.
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Stiglitz: Democratic Party Needs New Economic Thinking
Dec 4, 2016
Nobel laureate argues that the party’s adherence to neoliberal orthodoxy has hurt its prospects
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The Retreat from Hyper-Globalization
Dec 1, 2016
Flows of goods and services, people and capital have overwhelmed the ability of political processes to accommodate them
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India: Demonetization and its Discontents
Nov 28, 2016
By suddenly eliminating two widely used bank notes, India’s government risks undermining public confidence in the basic means of exchange
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Advanced Graduate Workshop in Development and Globalization
WorkshopJul 4–17, 2016
The Advanced Graduate Workshop in Development, led by Nobel Laureate Joseph Stiglitz is interested in identifying the complex interactions that influence well-being, development and growth.
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Tunisia in Turmoil: When Supply-Side Orthodoxy Meets an Angry Citizenry
May 23, 2016
Mass protests challenging the government to focus on job-creation rather than on market liberalization and trade deals may carry a cautionary message to Western policy makers, too.
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The Global Consumption and Income Project
Apr 14, 2016
We have developed over a number of years and now make publicly available a new and unprecedented data resource for understanding levels of living, poverty, inequality and inclusivity of growth and development around the world.
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Inclusive Growth: Making It Happen
Nov 20, 2015
Exploring inequality, gender, and the North-South divide.
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Governance in Africa
Oct 29, 2015
A combination of leeway within the government and constitutional immunity during incumbency enables office holders to abuse their budget at will, which in turn creates a crisis of growth in Africa, relative to other parts of the world.
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$1.90 Per Day: What Does it Say?
Oct 6, 2015
The World Bank’s global poverty estimates suffer from deep-seated problems arising from a single source, the lack of a standard for identifying who is poor and who is not that is consistent and meaningful.
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Is the Devil in the Details? Estimating Global Poverty
Oct 3, 2015
Economists’ assumptions, even about seemingly “small” matters, make an enormous difference to global poverty estimates but their impact often goes unnoticed, and the choices made have been badly justified. We must stop pretending that the World Bank’s “$1 per day” estimates are at all reliable.
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Working paper
Religious Riots and Electoral Politics in India
Sep 2015
The effect of ethnic violence on electoral results provides useful insights into voter behaviour and the incentives for political parties in democratic societies.
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Partnership Paper
Is There a Debt-threshold Effect on Output Growth?
Jul 2015
This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness.
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Ukraine & The Future of Europe
Apr 10, 2015 | 08:00—08:30
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Conference paper
Gordian knot: A panoramic perspective on stemming illicit financial flows from Africa
Apr 2015
Pushing this strand of research brings a certain feeling of trepidation. It comes from recognizing that by openly elaborating on how to catch or deter a criminal, you thereby confer an undue advantage on the criminal through forewarning.
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Conference paper
Anarchic East Asia on an American Tether—and Cushion
Apr 2015
“Oh, the Chinese hate the Japanese and the Japanese hate the Chinese—to hate all but the right folks is an old established rule. The Koreans hate the Japanese and the Vietnamese hate the Chinese, and the North Koreans hate them all. Oh, the People hate the Communists and the Communists hate the People. The Nationalists hate the Communists and the Communists hate themselves. The Confucians hate the Buddhists and the Muslims hate them all. All of my folks hate all of your folks. But during National Brotherhood Week, be nice to people who are inferior to you. It’s only for a week, so have no fear—be grateful that it doesn’t last all year.”
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Conference paper
Capital Flight from Africa and Development Inequality: Domestic and Global Dimensions
Apr 2015
Over the past decades African economies have exhibited two stunning paradoxes: growth acceleration coexisting with stubbornly high poverty rates; increasing capital flight along with widening development financing gaps. There has been no attempt to link the two in the literature.
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The Problem of Capital Flight
Apr 9, 2015 | 11:30—01:00
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Northeast Asia: The Balkans of the 21st Century?
Apr 9, 2015 | 09:15—10:45
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Conference paper
Two Paths to War: The Origins of the First World War versus the Dynamics of Contemporary Sino-American Confrontations
Apr 2015
During the past year, there have been numerous and somber reflections, rather like those during a traditional period of mourning, about the great and tragic events that occurred just 100 years ago – the beginning of the First World War. And in the course of these melancholy reflections about the past, there naturally have arisen anxious concerns about the future.
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Conference paper
Global Crises, Equalizing and Dis-equalizing Capitalist Regimes: The Case of 20th Century Asian Political Economy
Apr 2015
The logic of deep global capitalist crises needs to be incorporated centrally into an understanding of the changes in the within-country inequality levels. I present a theoretical framework that incorporates two levels of political economic processes. First,global capitalist crises lead to the creation of an institutional structure or a regime in the capitalist centers that influences inequality in these core countries and in the periphery. Second the class configuration in the non-core countries - a set of institutional arrangements that can be termed local political economy - also plays a key role in determining inequality outcomes.
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Conference paper
Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession
Apr 2015
The paper presents a newly compiled and improved database of national household surveys between 1988 and 2008. In 2008, the global Gini index is around 70.5 percent having declined by approximately 2 Gini points over this twenty year period. When it is adjusted for the likely under-reporting of top incomes in surveys by using the gap between national accounts consumption and survey means in combination with a Pareto-type imputation of the upper tail, the estimate is a much higher global Gini of almost 76 percent.
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Analyzing Growth & Inequality in the 21st Century
Apr 8, 2015 | 06:45—07:15
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Economic Growth & Inequality across Time & Space: Where Has Growth Lead to Equality and Why?
Apr 8, 2015 | 06:00—06:30
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The Coming China Crisis
Mar 18, 2015
Rapid private-debt growth threw Japan into crisis in 1991 and did the same to the United States and Europe in 2008. China may be next.
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Conference paper
Income Inequality and Growth: Problems with the Orthodox Approach
Mar 2015
This paper discusses the main issues about increasing inequality, whether it matters and its impact on economic activity and growth. It starts by briefly considering the empirical evidence of the share of income going to the top one percent since 1945 in the advanced countries. It then considers whether this represents an increase in the productivity of the top one percent or merely an extraction of economic rent.
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Political Economy of Distribution
Inequality and distribution—areas underserved by mainstream economics—sit at the heart of The Institute’s work. This program brings together researchers from a variety of disciplines to develop alternative approaches to the problem of inequality.
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How India’s Traumatic Capitalism is Reshaping the World
Mar 2, 2015
A British national of Bengali origin, novelist Rana Dasgupta recently turned to nonfiction to explore the explosive social and economic changes in Delhi starting in 1991, when India launched a series of profoundly transformative economic reforms.
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Emerging Markets and the Reregulation of Cross-Border Finance
Feb 13, 2015
Fresh from discussions at the UN regarding the Argentinian debt crisis, Institute grantee Kevin Gallagher tells us about his new book and how developing countries can look for opportunity amidst modern financial obstacles.
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The Brace is On
Feb 3, 2015
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China's Regulation Problem
Jan 4, 2015
Repression in China today is at its most severe point since the aftermath of 1989. David Wu discusses the tensions inherent in a one-party state which is struggling to aspire toward a more predictable rule of law.
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Years granted:
2015
Transport Infrastructure, Long-Run Development, and Policy: Evidence from England and Wales, c.1817 to 2011
This research project will study the long-run interactions between transport infrastructure and economic development using spatially-disaggregated data for England and Wales over the period c.1817—2011. It will look to inform policy toward large investments in physical infrastructures.
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The IMF and Human Development: Little Progress and Worrisome Trends
Oct 13, 2014
The International Monetary Fund and the World Bank celebrate their 70th anniversary this year, yet few countries have been eager to join the festivities.
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Development and Underdevelopment in Postwar Europe
Oct 1, 2014
The question of underdevelopment and development policies in postwar Europe will be the theme of a workshop organized by Michele Alacevich, Sandrine Kott, and Mark Mazower, at Columbia University, the Heyman Center for the Humanities, Friday, October 10, 2014. The program is available here. Below are some of Alacevich’s insights on the issue leading up the event:
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Working paper
Community Networks and the Process of Development
Sep 2014
Anyone who has spent time in a developing country knows the importance of social connections. Among their many roles, these connections help individuals land jobs, and provide them with credit and other forms of support.
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Azim Premji Summer School 2014
WorkshopJun 30–Jul 6, 2014
India has for the last twenty years been undergoing a rapid and abiding structural shift in its pattern of development. The transformation of the economy from the period of the license raj to the post liberalization era has wrought many changes, with somewhat ambiguous implications.
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Conference paper
The Arab Spring is Genuine Revolution, But a Bumpy and Arduous Road Ahead
Apr 2014
The Arab Spring has been a fundamental event in the Arab world and yet among Middle East scholars, there is great intellectual and analytical debate about the degree of political change or continuity that the Arab Spring had produced. As reverberations of the global economic crisis have continued and the international rules of the game have fundamentally remained unchanged, the demand on post-Arab Spring governments to change policy course is high.
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Conference paper
Social Power and Development in the Middle East: a transnational perspective
Apr 2014
The chief obstacle to transformative change in the contemporary Middle East is the region-wide configuration of social power which was consolidated in the Arab provinces of the Ottoman Empire and which survived the transition from empire to post-Ottoman independent states largely intact.
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Conference paper
The Arab revolutions: any new paths from here?
Apr 2014
While successive waves of democratization over the last half century changed the political landscape in various regions of the world, the authoritarian regimes have maintained their hold on power in the Arab region.