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Archive for 25. Juli 2019

A Reform Opportunity for the IMF

Posted by hkarner - 25. Juli 2019

José Antonio Ocampo

José Antonio Ocampo is a board member of Banco de la República, Colombia’s central bank, a professor at Columbia University, and Chair of the UN’s Committee for Development Policy. He was Minister of Finance of Colombia and United Nations Under-Secretary-General for Economic and Social Affairs. He is the author of Resetting the International Monetary (Non)System, and co-author (with Luis Bértola) of The Economic Development of Latin America since Independence.

The 75th anniversary of the Bretton Woods agreement and the departure of Christine Lagarde from the helm of the International Monetary Fund represent a golden opportunity to put the institution on a path toward a more effective and inclusive future. What should her successor’s priorities be?

NEW YORK – This month marks the 75th anniversary of the signing of the Bretton Woods agreement, which established the International Monetary Fund and the World Bank. For the IMF, it also marks the start of the process of selecting a new managing director to succeed Christine Lagarde, who has resigned following her to be European Central Bank president. There is no better moment to reconsider the IMF’s global role.

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The US Needs to Talk About China

Posted by hkarner - 25. Juli 2019

Minxin Pei, a professor of government at Claremont McKenna College and the author of China’s Crony Capitalism, is the inaugural Library of Congress Chair in US-China Relations.

In a democracy, a government cannot pursue a long-term struggle with a powerful geopolitical adversary without sustained political support from an informed public. That is why the US urgently needs to launch a credible public debate on US President Donald Trump’s confrontational China policy.

WASHINGTON, DC – Of all the changes in US foreign policy President Donald Trump’s administration has made, the most consequential is the adoption of a confrontational stance toward China. Replacing a decades-old policy of engagement, Trump’s approach has not only resulted in an economic cold war between the world’s two largest economies; it has also raised the specter of armed conflict in the South China Sea and the Taiwan Strait.

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The Fall of the Economists’ Empire

Posted by hkarner - 25. Juli 2019

Robert Skidelsky, a member of the British House of Lords, is Professor Emeritus of Political Economy at Warwick University. The author of a three-volume biography of John Maynard Keynes, he began his political career in the Labour party, became the Conservative Party’s spokesman for Treasury affairs in the House of Lords, and was eventually forced out of the Conservative Party for his opposition to NATO’s intervention in Kosovo in 1999.The goal of economics is to replace the particular languages that obstruct the discovery of general laws with the universal language of mathematics. This is the apotheosis of a Western conceit that can no longer be sustained by Western power.

LONDON – The historian Norman Stone, who died in June, always insisted that history students learn foreign languages. Language gives access to a people’s culture, and culture to its history. Its history tells us how it sees itself and others. Knowledge of languages should thus be an essential component of a historian’s technical equipment. It is the key to understanding the past and future of international relations.

But this belief in the fundamental importance of knowing particular languages has faded, even among historians. All social sciences, to a greater or lesser degree, start with a yearning for a universal language, into which they can fit such particulars as suit their view of things. Their model of knowledge thus aspires to the precision and generality of the natural sciences. Den Rest des Beitrags lesen »

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