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Tag Archives: IMF
The IMF should practice what it preaches when it comes to inequality.
Globalization has been only one of the developments that has led to widening inequality and social exclusion. Countries that have globalized have also introduced a raft of neoliberal domestic policies, against which people are reacting.
A critical policy issue has always been whether greater equality inevitably comes at a cost to the economic growth. For example, historically economists have typically believed that there is a trade-off between increased equality and efficiency. Even those economists who … Continue reading
Current Affairs A lot of the blame for the present crisis should be borne by many countries and institutions, but the one group that is least responsible is the present left-wing government of Greece, Syriza. The major blame must rest … Continue reading
Current Affairs. In London I have been reading this interesting piece in The Telegraph, by Ambrose Evans-Pritchard, (link below) on the ‘Greek problem’. It was published on 19 June 2015. John Menadue. http://www.telegraph.co.uk/finance/economics/11687229/Greek-debt-crisis-is-the-Iraq-War-of-finance.html
After WWII the financial hegemony of the US and Europe in the IMF and International Bank was established. Later, the Japanese came to dominate the Asian Development Bank. That is now being challenged by China. See article below by William … Continue reading
In his challenging series last week on ‘Is capitalism redeemable’ Ian McAuley drew attention to how growing inequality is the cause not only of serious social concerns, but it is also presenting us with some quite serious economic problems. There … Continue reading
There was a real risk that Tony Abbott and Joe Hockey believed their windy rhetoric of the last two years about debt and deficits. Having won the election they have had to face the reality that they have been grossly … Continue reading