Posted by: anotherworldip | 03/17/2013

P-S

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Dear Project Syndicate reader,

Welcome to Project Syndicate’s March 2013 newsletter. This month, Project Syndicate released a new e-book on the crises of modern capitalism and economic forecasting, and a new Focal Point on the state of the euro crisis. To keep up-to-date with all of our content, visit our Web site regularly, and follow us on Facebook and Twitter.

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New Project Syndicate E-book

capitalism ebook cover

More than four years after the onset of the global financial crisis, much of the global economy remains mired in low growth and high unemployment. At the same time, economists’ spectacular failure to foresee crucial developments – from the collapse of the US housing market to the duration and depth of the Great Recession – has undermined, perhaps fatally, the discipline’s models and assumptions. Amid mounting uncertainty – and rising inequality – many are beginning to question whether modern capitalism is sustainable, or even desirable. In Capitalism in Crisis, a new e-book, exclusively from Project Syndicate, leading economists assess their field’s future, and consider capitalism’s prospects in the post-crisis world.

Capitalism in Crisis features articles by Nouriel Roubini, Kenneth Rogoff, Joseph Stiglitz, and many others, and is available for download on Amazon Kindle and iPad.

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Zone Defense

zone def

After years of austerity, social unrest, and financial volatility, the ECB’s commitment to unlimited bond purchases, together with agreement to create a European banking union, seems to have calmed markets and stabilized borrowing costs in the eurozone. In a new Focal PointProject Syndicate contributors consider whether Europe has really escaped the crisis, or – as Italy’s election suggests – it has merely passed through the eye of the storm. Commentaries include:

Jean Pisani-Ferry on the euro crisis and European reform

Joseph E. Stiglitz on European voters’ rejection of austerity

Hans-Werner Sinn on the long-term costs of the eurozone’s rescue policy

Brigitte Granville on why France should abandon the euro

To read the full Focal Point, click here.

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Most Recent Commentaries

moyo, dambisa

Commodities on the Rise

by Dambisa Moyo

SEOUL – The commodity super-cycle – in which commodity prices reach ever-higher highs, and fall only to higher lows – is not over. Despite the euphoria around shale gas – indeed, despite weak global growth – commodity prices have risen by as much as 150% in the aftermath of the financial crisis. In the medium term, this trend will continue to pose an inflation risk and undermine living standards worldwide.

For starters, there is the convergence argument. As China grows, its increasing size, wealth, and urbanization will continue to stoke demand for energy, grains, minerals, and other resources…read more.

Kuroda, Haruhiko

India’s Growth Crossroads

by Haruhiko Kuroda

MANILA – As the slowdown in the world’s major industrial economies drags on, growth in developing Asia is being affected. A serious burden will likely be placed on the region’s major economies, particularly its two giants, India and China. Both countries’ external sectors have clearly been hit hard, while domestic consumption is stagnating. Fixed-asset investment in India rose by only 2.3% in the first half of 2012, compared to 9% in the year-earlier period.

Unlike China, which has shown clear signs of stabilization since mid-2012, there is no clear evidence of recovery in India yet, as delay in implementing necessary reforms, among other factors, has weakened the economy’s competitiveness. While recent government measures are expected to boost economic revival, an additional challenge is that growth must be made sustainable and more inclusive, which requires addressing four key issues…read more.

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Other Recent Commentaries

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February’s Most Popular Commentaries


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