Tag Archives for IMF
The IMF and a new politics of inequality?
Recent statements about inequality by the IMF have attracted media interest, but are they saying anything new? Last week saw the International Monetary Fund (IMF) and World Bank hold their annual autumn meetings at which they discuss big strategic issues facing the global economy. One strand in these discussions related to the publication of the IMF’s Fiscal Monitor which contained … Continue reading
Learning from China’s success? Europe in the 21st century global economy
Europe can learn lessons from China’s development and should agree a new common approach on trade Following the election of President Trump on an ‘America First’ and anti-globalisation platform the debate about the future of international trade and international competition policy became a hot political issue. Some commentators had hoped that the issue might disappear from the front pages after … Continue reading
The great Australian neoliberal experiment
The story of how Australia embraced the free market On April 7th the new Secretary of the Australian Council of Trade Unions (ACTU), Sally McManus, declared that Neoliberalism ‘had run its course’ in Australia. McManus argued that Australia’s embrace of the free market in the 1970s and 1980s had lead to greater inequality amongst its population with ‘ordinary Australians’ becoming … Continue reading
Tax spillover, development and global governance
Our new tax spillover framework is intended to increase scrutiny of countries’ tax regimes and discourage ‘race to the bottom’ behaviours There is growing interest among a range of development non-governmental organisations (NGOs) in something called ‘tax spillover’ analysis. In the last two months, co-author Richard Murphy and I, have engaged in discussions with Oxfam, Action Aid and Christian Aid, … Continue reading
The Crosland Legacy: Lessons for the British Left
Anthony Crosland’s persuasive case for social democratic ideals and insights into the nature of the economy and politics still have great resonance today Since the financial crisis erupted eight years ago in the advanced industrialised economies, the Left across Europe has been desperately searching for a new economic strategy that can replace the defunct doctrines of market liberalism. In Britain, … Continue reading
The Coming Crisis: why global governance doesn’t really work
Serious problems undermine the current regime and create a significant ‘global governance deficit’ Nobody can say that the major institutions of global governance haven’t noticed the possibility that a further global economic crisis might be brewing. The World Bank warned in January this year that a ‘perfect storm’ could be building in the global political economy. It was worried by … Continue reading
Bad things can still happen to ‘good pupils’ in the Eurozone
Portugal’s aspirant ‘good behaviour’ has contributed not only to its recent political crisis, but also its longstanding economic woes Portugal’s political elites, such as Luís Marques Guedes, are often eager to let the world know that they are the hardworking ‘ants’ of Aesop’s fable, while ‘the Greeks are grass-hoppers’ who have failed to plan for the future. In a thematically … Continue reading
A terminal crisis of Anglo-America?
In the wake of the global financial crisis new strains have emerged within the US-UK ‘Special Relationship’ Scenes of Lehman Brothers’ employees hurriedly clearing out belongings from their London offices in September 2008, as the bank filed for the largest bankruptcy in US history, became part of the iconic imagery of the Global Financial Crisis (GFC). Lehman’s collapse was the … Continue reading
The Caribbean’s silent debt crisis
New policies are needed to break the cycle of debt dependency Sun, sea, sand, rum-punch, even reggae, these are the images that usually spring to mind when we think of the Caribbean islands. Less well-known is the profound sovereign debt crisis that many are currently experiencing. Indeed, for some, it has been a persistent and unresolved problem for well over … Continue reading
Understanding the IMF better
The Fund does make normatively driven interventions in ideologically charged economic policy debates, but not always from the perspective imagined and often with only limited impact The paradox of the International Monetary Fund (IMF) is that it has been around for so long and is so familiar a part of the institutional apparatus of the global political economy that we … Continue reading →
23 April 2018 by Tony Payne
Categories: SPERI Comment | Tags: austerity, Ben Clift, IMF, Professor Tony Payne | Leave a comment