“Just two weeks ago, the Holy Father, Pope Francis, endorsed the bankruptcy process that is taking place here” says Eric LeCompte making the connection between global debt policy and poverty and inequality in...
Category - News
Since the early 1980s Latin American debt crisis, we’ve advocated for clear, consistent, fair rules that allow countries with excess debt to work through that problem in a way that doesn’t damage their people...
“The Greek crisis has made it clear that individual states acting alone cannot negotiate reasonable conditions for the restructuring of their debt within the current political framework even though these debts...
The US, Canada, Germany Japan, Israel and UK voted against the resolution. Basically the political economy of it is that developed world governments feel they can ensure their banks somehow get repaid. If...
Twenty to thirty years of financialization means nations are much more at risk of financial and/or debt crises due to external debt obligations says Stephanie Blankenburg, Head of the Debt and Development...
There was a very clear political motivation for helping Germany to recover. But at the same time the economic logic of it also was very, very clear. The agreement is an exemplary template for why debt relief...
Some of the aspects of Classical economics that Neoclassical economists have abandoned – the class-based approach to economics and the emphasis on production – have been kept by the Marxist school...
Many countries have redistributed income upwardly in the last two, three decades, and the results have been falling investment and falling economic growth. So when there’s an explicit assumption about giving...
You cannot discuss economics without discussing politics; there are always ethical and political judgments you are making when you are doing this supposedly technical, scientific analysis says Ha-Joon Chang...
Alternative approaches to economics can help us understand the whole economy in ways we would miss if only looking through the Neoclassical lens says Ha-Joon Chang talking in this segment about how that...