Geography Archives: Asia

Trade disputes with China have been heating up lately, but there really is no reason for the hostility.  Essentially the dispute boils down to the fact that China wants to subsidize the consumption of people in the United States and elsewhere, by propping up the value of the dollar. This is raising objections from the […]

WikiLeaks document dumps are largely what media want to make of them.  There’s one conventional response, which goes something like this: “There’s nothing new here, but WikiLeaks is dangerous!”  But there’s another option: “There’s nothing here, except for the part that confirms a storyline we’ve been pushing.”  In those cases, WikiLeaks is deemed very, very […]

New Delhi, India, Nov. 27 — My reaction to today’s court order directing the Delhi Police to file an FIR against me for waging war against the state: Perhaps they should posthumously file a charge against Jawaharlal Nehru too.  Here’s what he said about Kashmir: Indian Pledges 1. In his telegram to the Prime Minister […]

There has been much publicity about the so-called “currency war” arising from the discussions at the recent G20 meeting.  Can you explain what is meant by currency war? The discourse, the rhetoric, on the currency war is very superficial and even misleading.  As everybody knows, what is being said is that the Chinese yuan is […]

Negotiations on Iran’s nuclear program are due to start again shortly, and once again the European Union is called upon as a “mediator.”  This is no minor challenge.  With Iran insisting on discussing Israel’s nuclear capacity and the United States preparing a tougher uranium swap agreement, a deal seems as far away as ever.  Nevertheless, […]

Acclaimed philosopher and activist Noam Chomsky is Institute Professor Emeritus of Linguistics at the Massachusetts Institute of Technology.  He shared his perspectives on international affairs, economics, and other themes in an interview conducted at his office in Boston on September 14, 2010. Keane Bhatt: Your new book Hopes and Prospects begins with the story of […]

  Table 14 summarizes the main technical characteristics of the debt restructurings studied in this paper: the size of the exchange, the participation rate, the numbers of instruments tendered and new instruments issued, the options available to investors, etc.  Table 15 contains the main results, both in terms of the level and dispersion of NPV […]

  In 2009, the European Union, United States and Mexico filed a complaint with the World Trade Organisation (WTO) against China’s export restrictions on certain raw materials, including bauxite, coke, fluorspar, silicon carbide and zinc.  They said that, firstly, these constraints — in the form of export taxes, quotas, licences and so on — caused […]

He must think workers are stupid.  How else can anyone explain it? He says, if UAW members lower the automakers’ fixed costs by cutting wages and benefits and trimming work rules to the bone — as in less break time and a jack-of-all-trades paradigm — it will help the union organize. It’s crazy.  It’s straight […]

  Paul Jay: On November 7, the president of the World Bank, Robert Zoellick, issued a statement calling for the reintroduction of some form of gold standard to establish the value of money.  Why now? . . .  Is Robert Zoellick’s proposal grasping at straws? Jane D’Arista: Well, what you’re saying is quite right.  The […]

  So there are no technological fixes [to the environmental problem caused by increasing consumption] in sight? I’ve gone on from the basic footprint concept to demonstrate a couple of other interesting spin-offs.  The assumption seems to be, in the mainstream, that improved technology, improved material and energy efficiency will help to solve this problem. […]

Paul Jay: Certainly President Obama had more support for the war in Afghanistan from the Republican Party than he ever did from within his own party.  But might this mean increased pressure for a more aggressive stance towards Iran? . . .  What’s your take?  How do you think this election might affect US foreign […]

The government of the USA has planned for India to become an important consumer of its agricultural exports and crop science.  India has also been planned as a host country for an agricultural research agenda directed by American crop-seed biotech corporations.  This is to be achieved through a variety of programmes in India, some of […]

A strange thing happened on the way to the G-20 meetings: world elite opinion has turned against the Federal Reserve’s “Quantitative Easing” (QE) program, the only significant “Keynesian” macroeconomic policy being implemented anywhere in the face of massive unemployment in much of the developed world; and this criticism is garnering some support from strange places, […]

If the G-20 is going to be nothing more than a talking shop on economic issues, they ought to at least talk about the economic problems that really matter, and the ones that they can do something about.  Not that currency values don’t matter — they are actually very important.  And it is interesting to […]

  This letter invites you to join what will be the largest veteran-led civil resistance to U.S. wars and occupations in recent history, Washington, D.C., December 16: <www.stopthesewars.org>. During the Vietnam War, Martin Luther King called our government “the greatest purveyor of violence in the world today.”  That was true then — and is even […]

I gave this talk at a very good conference, New Deal/No Deal, at Berkeley’s Institute for Research on Labor and Employment, on October 29.  The panel chair was Michael Reich, who was the main organizer of the conference along with Richard Walker of the geography department.  The dual themes were reflecting on the New Deal […]

  Wages and Depressions Sooner or later any bubble bursts, leading to falling asset prices as investors flee to safe liquidity.  Distress selling and debt liquidation by the market participants follow.  For Irving Fisher (1933), it is of key importance that an asset price deflation leads — via falling asset prices and a distorted financial […]

Everyone is talking now of the “currency war” that seems to be breaking out among the world’s leading economies, each working for a depreciation of its currency vis-à-vis the others.  The effect of a currency depreciation is to enlarge the exports of the country undertaking such a depreciation and to reduce its imports, since its […]

Like the rally led by Jon Stewart and Stephen Colbert of Comedy Central that brought hundreds of thousands of people into the streets of Washington DC on Saturday, Brazil’s election on Sunday was a contest of “Restore Sanity” versus “Keep Fear Alive.” Dilma Rousseff of the governing Worker’s Party coasted to victory against the opposition […]