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IDEAs has been established with the purpose of building a pluralist network of heterodox economists engaged in the teaching, research and application of critical analyses of economic development.


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Triple Crisis

Triple Crisis

The Oil Economy in a Politicised and Global Market. Mexico and Colombia

  The Oil Economy in a Politicised and Global Market. Mexico and Colombia

Author: Alicia Puyana


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Featured Themes
The BRICS Bank

The announcement of a BRICS development bank in the context of the ongoing global economic turmoil assumes a specila significance. Some perceive it as an alternative to the already discredited World Bank with its North Centric leadership resulting in a dogmatic imposition of neo-liberal conditionalities on the indebted South; many assume this as a watershed, signaling the shift in global economic governance from the traditional powerhouses of the North to the newly emerging powerhouses of the South; while others perceive it as a tool to be used by the member countries to increase their influence in their respective Southern pockets.
This section includes articles analysing the emergence of BRICS Development Bank and its possible implications for global economic governance, regional impact of the BRICS nations, and other repercussions.

Banking with a Difference 
C.P. Chandrasekhar 
(August 12, 2014)
The BRICS Bank 

Prabhat Patnaik (July 31, 2014)
BRICS Gains Currency in Brazil
Biswajit Dhar (July 25, 2014)

The BRICS Bank: Part of a new financial architecture (2)  
(Oscar Ugarteche (July 25, 2014)
The BRICS Bank: Part of a new financial architecture (1)  
Oscar Ugarteche (July 25, 2014)

Using the Potential of BRICS Financial Co-operation
Jayati Ghosh (April 9, 2012)


Featured Articles
Resolution Strategies and Loss-Absorption Capacity for Systemically Important Banks
Andrew Cornford

The author reviews in details the recently updated FSB’s coverage of measures for safeguarding Global Systemically Important Banks.

Deep Financial Crises, Reforming the IMF and Building Regional Autonomy: Towards a new hybrid global financial architecture
Haider Khan

The author develops a critical constructivist evolutionary theory of IFIs and arrangements within a framework of dynamic complex adaptive economic systems.

Has the Income Share of the Middle and Upper-middle been Stable over Time, or is its Current Homogeneity across the World the Outcome of a Process of Convergence? The 'Palma Ratio' Revisited
Jose Gabriel Palma

The income-share of the rich, the most crucial of all distributional stylised facts, is what largely explains why inequality is so unequal across the world.

Structural Banking Reform: An FSB perspective and some alternatives
Andrew Cornford

The author argues that the international reform agenda for financial regulation is fraught with several inconsistencies and weaknesses.

Some Ideas on Bank Size, Structure and Remuneration
Andrew Cornford

Overview of current reform and proposals regarding bank structure and corporate form and bankers’ remuneration, with special references to Daniel Tarullo and David Shirreff.

Charting Ways Out of Europe's Impasse - A Policy Memorandum

A memorandum, based on a 3-year research project, discussing possible ways out of prolonged stagnation and low growth due to recent crisis and austerity measures in EU.

IDEAs Working  Papers
IDEAs Working  Papers
IDEAs Activities
A Never ending Recession? On the Vicissitudes of Economics and Economic Policies and How Latin American Economies Pander to It
Alicia Puyana

Tthe author focuses on the crisis in macroeconomics today where the neoliberal hegemony has displaced all other critical schools of economic theory from the mainstream.

Latin America's Social Imagination since 1950. From One Type of 'Absolute Certainties' to Another - with No (Far More Creative) 'Uncomfortable Uncertainties' in Sight
Gabriel Palma

The author investigates the historical evolution of social science schools to understand the lack of critical thinkers in this field in Latin America.

Events and Announcements
News Analysis
Averting a Greek Tragedy - For Now
Jayati Ghosh

The negotiations between the Syriza led Greece government and the EU is the struggle between the democratic will of the people and global finance.

Ever Expanding Debt Bubbles in China and India
C.P. Chandrasekhar & Jayati Ghosh

Even though China appears to have a much higher levels of debt- GDP ratio, India’s debt situation with much lower levels of corporate debt may prove to be more problematic.

Growth and Hunger
Prabhat Patnaik

The declining foodgrain absorption in India is indicative of growing hunger- a symptom of deprivation, caused by the privatisation of services like education and health.

Greece, its International Creditors and the Euro
Sabri Oncu

The Greece crisis resolution depends on whether the EU sees itself as a progressive project based on liberal market principles or as an imperialist project of finance capital.

India's Rural Employment Programme is Dying a Death of Funding Cuts
Jayati Ghosh

The historical rural employment programme that was started ten years ago is being slowly weakened by lack of adequate funding and State neglect.

Finance and Economic Growth in Malaysia
C.P. Chandrasekhar & Jayati Ghosh

Like several other Southeast Asian economies, Malaysian economic growth shows the adverse implications of relying on deregulated finance to deliver more investment.

Oil: The big 100 per cent story
C.P. Chandrasekhar & Jayati Ghosh

In a puzzling development, some financial markets registered a decline in the wake of the recent dramatic fall in oil prices. So, is the oil price fall not all good news?

Did Argentina 'Default'?
T Sabri Oncu & Jorge Vilches

The way the understanding of sovereign debt and its restructuring in the case of Argentina is being read, it cannot address the questions that are inherently public in nature.

Charlie Hebdo…
Gerry Rodgers

If state responses to terrorism are intensified as a result of the attack on Charlie Hebdo, then the terrorists will have at least in part succeeded.

The "Niti Ayog"
Prabhat Patnaik

The replacement of the Planning Commission by the NITI Ayog marks a centralization of economic power in the hands of the Central Government at the behest of neoliberalism.

How Austerity Economics Turned Europe into the Hunger Games

In this interview, Servaas Storm explains how things got so bad in Europe, what role economists and misguided policy-makers have played, and how to change course.

Asian Banks in Trouble
C.P. Chandrasekhar

Emerging market economies in Asia are confronted with signs of bank fragility owing to overexposure to the private sector, whose mounting external debt compounds the problem.

Ukraine's Economy: Which way forward?
Rainer Kattel

Ukraine needs to focus on a bold agenda of managing or rather creating its own dynamic and competitive industry and gearing financial structure towards this industry.

  © International Development
Economics Associates 2015

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