Dear Garry,
I am forwarding the info from Vlado Cvijanovic, one of my young guys, about the Triple crisis blog launched by GDAE. I read few article and it seems that at least two are of high interest:
Economists Launch Blog on “Triple Crises” in Finance, Development, and Environment
TripleCrisisBlog to bring global perspectives to policy debate
On February 1,new voices joined the policy debate on the global crises in finance, development, and the environment. The “ TripleCrisisBlog,” with an initial roster of economic analysts from nine countries, was launched by the Global Development and Environment Institute (GDAE) at Tufts University (USA), India’s Economic Research Foundation (ERF), and the Heinrich Boell Foundation-U.S. The initiative is chaired by GDAE’s Kevin P. Gallagher and ERF’s Jayati “Crises are not new to the world economy, nor to developing countries,” Gallagher and Ghosh write in their introductory post. “Indeed, our current predicament is a convergence of at least three crises: in global finance, development, and environment. These areas are seemingly disparate but actually interact with each other in forceful ways to reflect major structural imbalances between finance and the real economy; between the higher income and developing economies; between the human economic system and the earth’s ecosystems. This blog seeks to contribute to a more open and global dialogue around these three crises: about how they interact, and how they can collectively be solved.”
The TripleCrisisBlog starts with an unprecedented diversity of analysts from the global North and South. In addition to Gallagher and Ghosh, the roster includes: Jeff Madrick, Sanjay Reddy, Mehdi Shefaeddin, Charles Abugre, Martin Khor, Alejandro Nadal, Matias Vernengo, Adil Najam, CP Chandrasekhar, Jim Boyce, Ilene Graebel, Gerhard Schick, Timothy A. Wise, Lyuba Zarsky, and Frank Ackerman. Ghosh and Gallagher will co-chair the project, with Wise serving as "managing editor."
“While there are a number of commendable blogs on various aspects of these three crises,” note Gallagher and Ghosh, “this blog will examine all three crises and from a global perspective not often found in mainstream media outlets.”
Productive Incoherence in an Uncertain World: Financial Governance, Policy Space and Development after the Global Crisis
By Grabel, Ilene
Abstract:
The current global financial crisis raises important questions for scholars of international political economy. Among the most important of these is how will it influence various dimensions of financial governance vis-à-vis developing and transitional economies. The heart of this paper will examine three related questions about possible directions for change: how the crisis might affect the governance and policies of the IMF; the prospects of regional alternatives to the Fund; and the policy space available to developing and transitional countries. READ FULL PAPER
The Risks of 21st Century Stagflation
By Jayati Ghosh
Well before the global financial crisis finally broke in September 2008, most people in developing countries were already reeling under the effects of dramatic volatility in global food and fuel markets. From late 2006, prices of most primary commodities first increased very rapidly, then collapsed even more sharply from their peaks in May-June 2008. READ FULL ARTICLE
Cordially
Ivo
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