Heterodox
Indeed, the real issue ahead is the battle for trade and investment globally between China and the US. The US is out to curb and control China’s ability to expand domestically and globally as an economic power. At the workshop, Jude Woodward, author of The US vs China: Asia’s new cold war?, outlined the desperate measures that the US is taking to try to isolate China, block its economic progress and surround it militarily. But this policy is failing. Trump may have launched his tariff...
Read More »Jake Johnson — Viral Video of Hospital Dumping Woman Into Freezing Cold Stirs Demand for ‘Medicare for All’
Say again which countries are "shit-hole" countries. Seriously, there are reasons that hell hole countries are the way they are. That is overlooked in the push to emphasis that the developed world cannot accommodate immigrating from the undeveloped world. Regarding undeveloped countries, the pressing questions involve 1) development economics, and 2) historical reasons and current policy of developed countries that contribute to the problems. However, there is no good reason for...
Read More »Finley, Franck, and Johnson — Economic consequences of revolutions: Evidence from the 1789 French Revolution
Political revolutions often bring swift regime change leading to short-run economic change, but the long-term consequences are less clear. Some argue that revolutions pave the way for capitalist market growth, while others argue they are only political in nature with limited economic consequence. This column uses extensive evidence from the French Revolution to show that the effects vary across the country and over time. The analysis speaks to questions of concern to developing countries...
Read More »Erik Reinert — Towards a better understanding of convergence and divergence: or, how the present EU strategy – at the expense of the economic periphery – neglects the theories that once made Europe successful
This new working paper attempts to address some of the main problems of the European Union today. The main thesis is that the Weltanschauung and the economic narrative on which the European project has been based have changed radically since the inception of the European Project, from one conducive to convergence and cohesion to another which is conducive to divergence and, in the last instance – I shall argue – to a form of internal colonialism towards the economic periphery. The field of...
Read More »Matias Vernengo — Why Latin American Nations Fail
Book has finally been published. I just got my copies. And yes it is a critique of New Institutionalist views and the title a play with the Acemoglu and Robinson's book title. From the back cover. "The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment in the region. With new ideas have come new...
Read More »Duncan Green — What does Artificial Intelligence mean for the future of poor countries?
Important. Is global society and the global economy at a turning point and if so, what happens next? It's chiefly about the developing world, but similar challenges face the developed world. Technological innovation results in emergence and emergence present fresh challenges along with new opportunities. How those involved in rapid change will react is uncertain. Will they be able to adapt, and, if so, how? While coordination increase the return from coordination, or will competition...
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