The Brookings Institution’s Post

Our book, co-edited with Maria Antonieta Del Tedesco Lins and Andrea Ribeiro Hoffmann, "Finance, Growth and Democracy: Connections and Challenges in Europe and Latin America in the Era of Permacrisis" has just been published by Springer. The book contains 21 chapters by many esteemed colleagues, experts in Latin America and the EU and is the outcome of our "Jean Monnet Network Crisis-Equity-Democracy for Europe and Latin America" project.   I would like to thank all the authors for their great contributions in our network’s effort to delineate and analyze the challenges of permacrisis for the EU and Latin America. Note that the book is OPEN ACCESS and therefore FREE to download at the link below.   #finance #economy #democracy #regionalism #eu #LatinAmerica #permacrisis

NEW ARTICLE PUBLISHED Technological Conditions and the Rise and Fall of the Rules-Based System Dan Ciuriak (C.D. Howe Institute, Canada) 2024 This paper considers the role played by the evolution of technological conditions in the rise and fall of the rules-based system. I argue that the rules-based system was in fact endogenous to the economic and technological conditions under which it came to be: when industries are competitive, companies are covering their cost of capital, workers are being paid their marginal product, everyone is making a living, no-one is getting obscenely rich, and participation in trade is a win-win proposition. This is approximately the pre-1980s world of limited economic rents, a constant labour share of national incomes and constant returns to scale, as described by the Kaldor facts. The subsequent rise of economic rents induced strategic behaviour which is incompatible with a rules-based allocation of production. Accordingly, the economic doctrines and governance systems developed for the low-rent and low-uncertainty world of the mature industrial economy are not appropriate for today’s rent-rich and highly uncertain world of strategic behaviour and need to be fundamentally reviewed on a first principles basis. #university #socialsciences #economics #market #capital #Trade #Openness #ARDL #GDPPC #Poverty #US #barriers #research #academic #academics #regulation #africa #free #Banks #Stock #Returns #Capital #Ratios #Inflation #Forecasts #Monetary #Policy #CentralBank #Money #Supply #Economic #Growth #Institutions #Development #jgtel https://lnkd.in/dc9B4rf6

We are thrilled to reveal the results of our recent research project in economics, which delves into the ever-changing economic environment of South Africa. Our study explores the influence of government intervention, from trade policies to technology initiatives, in shaping the growth, solving problems of inflation ,high unemploymentand and development of this dynamic economy. #GovernmentIntervention #SouthAfricaEconomy #EconomicResearch #UTM

Am looking forward to attending this webinar with peek into what a potential Conservative government would look like. Come check it out!

Excited to share my latest blog article in Africa at The London School of Economics and Political Science (LSE). In this piece, my coauthors (Festival Godwin Boateng and Amponsah Owusu) and I problematize the tactics African governments deploy to justify and legitimize informal settlement evictions. We argue for more inclusive and sustainable redevelopment policies. Have a read, and let us know your thoughts :) https://lnkd.in/gjFAkhWt

Really satisfying to see this come out. Informal settlement evictions in Africa deserve renewed critique if we are to build equitable, and inclusive cities in the continent. As the urban population rapidly increases and inequalities deepen, more and more people will be forced into such “front-line communities” in the underserviced/marginalized parts of the cities, exposing them to hazards of the escalating climate and ecological crises. And it does not seem that evictions--a punitive orientation to urban planning that destroys the savings, houses, networks and other physical and non-physical assets marginalized communities and people accumulate over many years-can facilitate the kind of action and investments needed to create resilience.

How to make rural areas of Europe profitable? 🏡 How to find a balance between centralization and autonomy in the regions, to direct their local economic development policies? 📊 This was the opening for this interesting meeting at The London School of Economics and Political Science (LSE) led by Lewis Dijkstra Head of the Economic Analysis of the DG for Regional and Urban Policy in the European Commission, together with Professor Andrés Rodríguez-Pose Princesa de Asturias Chair and Director of the Cañada Blanch Centre LSE, and some brilliant colleagues from MSc in #LocalEconomicDevelopment from Department of Geography and Environment, LSE 🥇 Core reflections: ~ Dichotomy reggarding to #inequality between places/territories and inequality between people ~ Difficulties in attracting #investment #capital to rural areas in the same quantities as the most vibrant cities. ~ Use of #cohesion policies to encourage the participation of rural areas in Global Value Chains (#GVC) ~ Importance of efficient use of public spending, applying the Sensitive-Policy Approach. What a productive and insightful meeting!

It was delightful to return to the Johns Hopkins School of Advanced International Studies (SAIS) on Tuesday for a conversation with Albert "Jim" Marckwardt and his impressive students, in the stunning The Johns Hopkins University Bloomberg Center, about Argentina’s 🇦🇷 ambitious economic reform agenda. My advice: follow Argentina’s experiment in market liberalization and pro-Western foreign policy, as its outcome will have consequences for great power competition in Latin America and for future attempts at pro-market reform in the region.

Last night, our Senior Consultant, Thuy Ho, and Executive Director, Ian Hudson, were honored to attend the sold-out Mission-Led Australia Tour featuring Professor Mariana Mazzucato, an esteemed expert in the Economics of Innovation and Public Value. Ian Hudson shared his thoughts: "I would highly recommend Prof. Mazzucato for an alternative perspective on traditional economics. Mission-Led Economics emphasizes having a vision for the country, including how we care for the vulnerable, and then directing all activities towards achieving this vision." Intrigued? Explore Prof. Mazzucato's latest book, "Mission Economy: A Moonshot Guide to Changing Capitalism." Here's an eye-opening insight from Professor Roy Green AO: Australia currently disperses its R&D budget across a staggering 157 different budget lines within 14 government departments, resulting in minimal impact. However, a mission-driven approach could channel all government R&D expenditure towards a unified vision, enhancing synergy and project effectiveness. InnovationAus.com #ICN #ICN_NSW #InnovationAUS #MazzucatoAusTour #ICN40 #IndustryCollaboration #GlobalCommunity #ICNGateway

Please follow the link to find out more about what positive peace is and what it could mean for Northern Ireland. Thanks to Ewan Nixon for writing this concise event summary article, again to Shared Future News and Allan LEONARD for hosting this event, and to the Institute for Economics & Peace in motivating this opportunity. #peace #peaceandreconciliation #reconciliation #positivepeace #negativepeace