Suchergebnisse

Since late 2008, together with the current financial crisis we can see a return of the Keynes's proposals, including the proposal to create an international currency (Bancor). This paper reflects on some of these measures, the effectiveness of monetary policies, the growing income inequality, the new role of banks, political strategies of governments to address the crisis and the opportunities for combining the economical recovery with measures to promote a more sustainable development. ; La actual crisis financiera desde finales de 2008 ha devuelto a la actualidad las propuestas de Keynes, incluida la propuesta de crear una moneda internacional (Bancor). El artículo reflexiona sobre algunas de estas medidas, la eficacia de las políticas monetarias, la creciente desigualdad de los ingresos, el nuevo papel de los bancos, las estrategias políticas de los gobiernos ante la crisis y las oportunidades para combinar la recuperación con medidas que favorezcan un desarrollo más sostenible.

The sheer size of banks and industrial corporations has exacerbated the problems of financial and economic instability. State support can be relied upon to rescue failing banks, as we have seen in the current crisis. The article looks at problems inherent in the system as seen through a discussion of two articles, one written by Nouriel Roubini published in the New York Review of Books, and the other an article in the London Review of Books written by John Lanchester. Adapted from the source document.

The origin of Africa's current failure to benefit from the expansion of world trade lies in the colonial division of labour, the consequences of which persist in economic structures far more than in other continents. The consequent economic distortions emphasising export of primary products have been preserved by external forces and are now being reinforced by free markets. The 'fair trade' concept seeks to ensure a measure of surplus for some producers that the market – dominated by middle-men and oligopsonistic Western corporations – denies them. A leading force in the movement, TWIN, originated in London in the 1980s, and the movement now has worldwide trade approaching £1 billion, mainly in coffee, cocoa and tea, but also in rice and cotton. African countries have been prime beneficiaries. Although growth of 'fair trade' is extremely high, it is unlikely ever to displace 'free trade' in importance, but it may nevertheless promote a way out of poverty (including dependence on the commodities in question) for many people otherwise trapped in the hangover of colonial power. This may be through gaining increasing control over the commodity chains of which at present they are only the first, fragmented element.

Towards a New Bretton Woods: Alternatives for the Global Economy
by Stuart Holland.